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Bank Notes


IQD1217
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Frangapani showed these pictures as did Thug a few weeks ago... I'll go dig out their posts later if someone doesn't do it before me..But thanks for the post and making sure we're all informed ... :D ..

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Iraq rumored to have prepared new banknotes

Apr 16, 2014 04:29 PM Category: Middle East

According a report on Kurdnet dated 9 April 2014, the Central Bank of Iraq has announced printing new banknotes with new images, new security features, and features to help the sight-impaired distinguish between denominations.

 

Kurd Net does not take credit for and is not responsible for the content of news information on this page

 

New Iraqi banknotes to be printed in Arabic and Kurdish languages  9.4.2014  
Ekurd.net

 

 

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Photo: Archive • See Related Articles
April 9, 2014

BAGHDAD,— The Central Bank of Iraq (CBI) announced printing new banknotes with new photos, confirming that the current banknotes shall be used now and future, Aswat al-Iraq reported.

It added that the new banknotes will help the blind to recognize its price.

New security and anti-forgery signs were added, as reported.

On November 2013, the CBI announced intention to put into circulation higher banknotes of 50.000 dinars in Arabic and Kurdish languages.

Need to be mentioned that the Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi publicwww.Ekurd.net and within the business community, and Iraqi economists are divided. While some support the project and consider it a chance to decrease inflation and unemployment, others warn of economic shocks that may prevail over the Iraqi market as a result of the project’s implementation.

An economic expert believes that the zeros will not be removed from the Iraqi currency because the Iraqi budget is highly dependent on oil revenue.
 

Najiba Najib, a member of parliament (MP) from Iraq’s finance committee said in January 2014 “There is no draft law in parliament about removing zeros from the Iraqi currency,”

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