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The central bank issues a decision to cover the market need of small monetary categories


yota691
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Video .. What caused the uproar about the new edition of the Iraqi currency

Little old....
 October 11, 2018 - 16:49 Number of readings:   


Sumer News:

The head of the banking and credit control in the Central Bank of Iraq Ihsan Shamran to journalists and politicians because of their uproar over the issue of placing the name of the governor on the Iraqi currency, referring to the provisions of the law of the Central Bank and the Iraqi Constitution on the powers of the bank in the issuance of banknotes.

Shamran notes that there are three options for writing the name of the governor and signing the currency, the first option is to print the name of the governor or write and then sign is common in several countries, including Iraq.

He explained that the second option writes the name of the governor and above the signature, the third option, which now has to write the name of the governor in an official form combining the name and signature above the words governor.

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  • 1 month later...

The Central Bank announces its readiness to receive old and damaged dollar editions

12:16 - 28/01/2019
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%D8%AF%D9%88%D9%84%D8%A7%D8%B1-1-696x435

Information / Baghdad ..

The Central Bank of Iraq, on Monday, its readiness to replace old and damaged editions of the dollar of all categories with new editions, defending the decision to establish a new building in Jadiriyah.

"The Central Bank is ready to accept the old editions of the dollar in all categories, as well as the damaged and replace them with new categories without adding any benefit," said Mahmoud Dagher, director general of financial operations at the bank.

Dagher added that "talk about the central bank's disbursement of funds for the construction of its new building in Jadiriyah amid Baghdad exaggerated."

He explained that "the bank's budget is completely separate from the government as well as the bank's urgent need for a new building representing Iraq's economic face and give him the opportunity to compete with regional parties." Ending / 25 d

https://www.almaalomah.com/2019/01/28/385824/

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  • yota691 changed the title to The Central Bank announces its readiness to receive old and damaged dollar editions
23 hours ago, Butifldrm said:

The Central Bank announces its readiness to receive old and damaged dollar editions

12:16 - 28/01/2019
0
 
  
%D8%AF%D9%88%D9%84%D8%A7%D8%B1-1-696x435

Information / Baghdad ..

The Central Bank of Iraq, on Monday, its readiness to replace old and damaged editions of the dollar of all categories with new editions, defending the decision to establish a new building in Jadiriyah.

"The Central Bank is ready to accept the old editions of the dollar in all categories, as well as the damaged and replace them with new categories without adding any benefit," said Mahmoud Dagher, director general of financial operations at the bank.

Dagher added that "talk about the central bank's disbursement of funds for the construction of its new building in Jadiriyah amid Baghdad exaggerated."

He explained that "the bank's budget is completely separate from the government as well as the bank's urgent need for a new building representing Iraq's economic face and give him the opportunity to compete with regional parties." Ending / 25 d

https://www.almaalomah.com/2019/01/28/385824/

Could the new categories to replace possibly be new categories of dinar? Then this would be beginning of dedollarization process. Just posing the question. 

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On ‎11‎/‎8‎/‎2018 at 7:28 PM, Laid Back said:

ChuckFinley, nice to see you my friend. Hope all is well?

They are telling the citizens new notes are coming out to the market. In the near future we will find out  if they are telling the truth or not, about the new notes denomination.

 

Go CBI

Go LD

Go $1:1

 

Maybe the "new" notes are lower denoms…..

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2 hours ago, yogaman said:

Could the new categories to replace possibly be new categories of dinar? Then this would be beginning of dedollarization process. Just posing the question. 

 

Good Question, Yogaman, AND The Very Best Of The Rest Of Your Week To You!!! :tiphat:

 

The Central Bank Of The Bicraqi Iraqi is receiving old AND damaged The United States Of America Dollars.

 

On 1/28/2019 at 6:11 AM, Butifldrm said:

"The Central Bank is ready to accept the old editions of the dollar in all categories, as well as the damaged and replace them with new categories without adding any benefit," said Mahmoud Dagher, director general of financial operations at the bank.

 

The exchange they APPEAR to be talking about here is 1 USD : 1 USD without any conversion to Bicraqi Iraqi Dinar or whatever.

 

What the "new categories" are - I have NO idea. We have 1, 2, 5, 10, 20, 50, AND 100 denominations as legal tender. If this same applies here, then there may be a move to eliminate certain USD categories used by the Bicraqi Iraqi.

 

So, could be the leading activity to a larger roll out. For conversion to the lower Bicraqi Iraqi denominations, it could be a move to dollarize to further remove Bicraqi Iraqi Dinar from circulation, ReInstate the Bicraqi Iraqi Dinar, then dedollarize with the new Bicraqi Iraqi Dinar lower denominations. This move could also be implemented to remove counterfeit dollars that may have been introduced by the Insanians in Iraq as an illicit source of income for the Insanians.

 

I suspect the "without adding any benefit" indicates a direct 1 USD (old) : 1 USD (new) without any fees for the exchange.

 

So, to answer Your questions, Yogaman, - Could be somethin'. Could be nothin'.

 

I do think this move, though, adds support for the integrity of the USD in circulation in Iraq. Why now, though, if the system is working?

 

In The Mean Time...................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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  • yota691 changed the title to The Central Bank issues a statement about the perforated or burned funds

The Central Bank issues a statement about the perforated or burned funds

 

Bertha News Agency 93 2019-04-12
57eb91b18bc47.jpg
 

The Central Bank of Iraq, on Friday, from all banks to comply with the decision taken on dealing with banknotes perforated and burnt from the Iraqi dinar.

The bank said in a statement that "all banks to confiscate the banknotes damaged damaged perforated discovered within the deposits of customers of the bank and delivered to the Central Bank of Iraq with knowledge of its source from the customer and otherwise the bank bears the legal responsibility resulting from it."

The bank added that "banks also provide damaged banknotes as a result of burning or burial to the Central Bank and its branches exclusively directly from citizens."

The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars. The coins were withdrawn by the bank for non-circulation by the public.

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The Central Bank issued a statement on the perforated or burned funds

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Friday, April 12

 

Alsumaria News / Baghdad
 

demanded the Iraqi Central Bank , on Friday, all banks comply with the decision taken on dealing with banknotes and perforated burning of the Iraqi dinar. 

The bank said in a statement received by Alsumaria News, a copy of it, that "all banks to confiscate the damaged banknotes perforated discovered within the deposits of customers of the bank and delivered to the Central Bank of Iraq with knowledge of its source from the customer and otherwise the bank bears the legal responsibility resulting from it."


The bank added that "banks also provide damaged banknotes as a result of burning or burial to the Central Bank and its branches exclusively directly from citizens." 

The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars. The coins were withdrawn by the bank for non-circulation by the public.

 

https://www.alsumaria.tv/news/266352/المركزي-يصدر-بيانا-حول-الأموال-المثقبة-او-المحروقة/ar

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  • yota691 changed the title to The Central Bank issued a directive on the perforated and burned Iraqi currencies
money_dinar.jpg
 

The Central Bank of Iraq, on Friday, demanded from all banks to comply with the decision taken on dealing with banknotes perforated and burnt from the Iraqi dinar. 
The bank said in a statement that "all banks confiscated the damaged banknotes perforated discovered within the deposits of customers of the bank and delivered to the Central Bank of Iraq with knowledge of its source from the customer and otherwise the bank bears the legal responsibility arising from it." 
The bank also called on banks to "provide banknotes damaged as a result of burning or burial to the Central Bank and its branches exclusively directly from citizens."

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  • yota691 changed the title to Including "damaged currency" .. Parliamentary finance to form committees to follow the files of the Central Bank
%D8%AD%D9%86%D9%8A%D9%86-%D9%82%D8%AF%D9
 

Baghdad

The parliamentary Finance Committee announced on Saturday the formation of sub-committees to audit the files of the Central Bank, explaining that the damaged currency is seven billion disposal of the bank.

The committee member Haneen Qaddo said in a statement to "Kalkamesh Press" that "there is a set of sub-committees were formed in the financial parliamentary, including follow-up files of the Central Bank," noting that some of the files related to the assessment of the building of the bank, and the other section related to the currency market and auction and damage of funds "He said.

He added: "The head of a subcommittee to follow up the file of currency damage in the Rafidain Bank," noting that his committee "reached a set of conclusions regarding the storage of money in banks, and there is a great negligence of banks in the storage of currency.

He pointed out that "the currency damage borne by the bodies responsible for storage," pointing out that "the damaged currency is seven billion dinars, and was disposed of by the Central Bank."

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The Central Bank decides to withdraw the damaged currency

The Central Bank decides to withdraw the damaged currency

Written by: mohanadin:September 23, 2019In: EconomicNo comments

BAGHDAD -
The central bank issued a decision on Monday to withdraw the damaged currency in local markets.

"In an effort to cover the market need of new banknotes for small cash denominations (250, 500 and 1000), the bank decided to cancel the fine of the shortage that may appear in bank deposits held by this bank from the monetary categories," the bank said in a statement. Small and for a limited period, in order to achieve the desired goal of withdrawing the damaged cash in circulation. ”

He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count in the counting machines."

http://alnoornews.net/archives/232310/البنك-المركزي-يصدر-قراراً-بشأن-سحب-الع/

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Economy

Monday 23 September 2019 09:54 AM
| The number of readings
The Central Bank issues a decision to dispose of the damaged currency

irq_1853838294_1569221698.jpg&max_width=300

BAGHDAD / ... The Central Bank issued on Monday, a decision on the withdrawal of damaged currency circulating in local markets.

The bank said in a statement received "Eye of Iraq News," that "in an effort to cover the market need of new banknotes for small cash categories (250, 500, 1000) the bank decided to cancel the fine shortage, which may appear in the deposits of banks authorized by this bank of small cash categories For a limited period, in order to achieve the desired goal of withdrawing the damaged currency in circulation. "

 He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count in the counting machines."

http://aynaliraqnews.com/index.php?aa=news&id22=125390

Edited by Butifldrm
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  • yota691 changed the title to The Central Bank decides to withdraw the damaged currency
2019/09/23 09:27:06 AM 272

The Central Bank decides to withdraw the damaged currency

The Central Bank decides to withdraw the damaged currency

 

Baghdad / Al-Ghad Press:

The Central Bank of Egypt (CBE) issued a decision on Monday to withdraw the damaged currency in local markets.

 

 

"In an effort to cover the market's need for new banknotes for small cash denominations (250, 500 and 1000), the bank decided to cancel the fine that may appear in bank deposits held by this bank from the monetary categories," the bank said in a statement. Small for a limited period, in order to achieve the desired purpose of withdrawing the damaged cash currency in circulation. "

 He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count in the counting machines."

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  • yota691 changed the title to The central bank issues a decision to cover the market need of small monetary categories

fit

BAGHDAD / Al-Baghdadiya .... The Central Bank of Iraq decided on Monday to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new paper for small cash groups.
The bank said in a statement that "in order to cover the market need of new paper for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks licensed small cash categories and for a limited period," indicating that "this comes to achieve The purpose of withdrawing the damaged currency in circulation.
He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines."

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