Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Recommended Posts

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

2019-09-23 | 3 o'clock
The central bank issues a decision to cover the market need of small monetary categories
 
 
8,051 views

The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.

The bank said in a statement received by Alsumaria News, a copy of it, 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 approved by small cash categories for a limited period," Indicating that "that comes 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 for the difficulty of counting in the counting machines."

It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate.

https://www.alsumaria.tv/news/اقتصاد/319277/البنك-المركزي-يصدر-قرارا-لتغطية-حاجة-السوق-من-الفئ

  • Thanks 4
  • Upvote 12
Link to post
Share on other sites
 
  
 September 23, 2019
The Central Bank eliminates the fine shortage of deposits of small categories of banks

 



In its endeavor to cover the market need of new banknotes for small cash categories (250, 500, 1000), the Central Bank of Iraq decided to cancel the fine that may appear in the deposits of banks licensed by this bank of small cash categories and for a limited period, in order to achieve the desired purpose of withdrawing the currency Damaged in circulation
 
The bank would also like to show that the counting of banknotes damaged for these categories requires time and effort from the competent staff for the difficulty of counting in the counting machines.
 
Central Bank of Iraq
information Office
2019/9/23
  • Like 1
  • Thanks 1
  • Upvote 10
Link to post
Share on other sites

Central Bank: cancellation of the fine shortage of deposits of small categories of banks

Economy | 11:35 - 23/09/2019

 
image
 
 

 

BAGHDAD - Mawazine News
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.
"In order to cover the market need of new banknotes for small cash denominations" 250, 500 and 1000, it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period, the bank said in a statement received. "He pointed out that" it comes to achieve the desired goal 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 them in the counting machines."

  • Upvote 10
Link to post
Share on other sites
 
17233.jpg
 
  

 Banks


Economy News _ Baghdad

The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.

"In order to cover the market need of new banknotes for small cash denominations" 250, 500 and 1000, "it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period," the bank said in a statement received by the Economy News. , Indicating that "it comes to achieve the desired goal 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 for the difficulty of counting in the counting machines."


Views: 54   Date Added: 23/09/2019

 
  • Thanks 1
  • Upvote 12
Link to post
Share on other sites
Release date:: 9/29/23 11:46  280 read times
BAGHDAD: 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.
"In order to cover the market need of the new banknotes for small cash denominations" 250, 500 and 1000, "it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period," the bank said in a statement received by Al Furat News. , Indicating that "it comes to achieve the desired goal 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 of the difficulty of counting in the counting machines."
  • Like 1
  • Upvote 9
Link to post
Share on other sites

If it comes out at $0.10 and it is not a peg , I see the dinar moving up relatively fast. Investors will be moving in causing a demand, followed by the local population. Locals will be picking up about 10 dinar for one USD. This will help dedollorize Iraq.   

  • Like 1
  • Upvote 10
Link to post
Share on other sites
14 hours ago, Laid Back said:

Maybe like gregp said, a $0.10 RV and the 250, 500 and 100 notes are going to coexist with LD notes for a period of two years. 

 

Go RVasap

Go Go Go 

 

 

 

 

 

13 hours ago, ChuckFinley said:

If it comes out at $0.10 and it is not a peg , I see the dinar moving up relatively fast. Investors will be moving in causing a demand, followed by the local population. Locals will be picking up about 10 dinar for one USD. This will help dedollorize Iraq.   

I think once this hits, things will move much faster than people think. Even at a dime they will be forced to issue the smaller notes and coin in order to make change and do business. 

  • Like 1
  • Upvote 3
Link to post
Share on other sites
14 hours ago, ChuckFinley said:

If it comes out at $0.10 and it is not a peg , I see the dinar moving up relatively fast. Investors will be moving in causing a demand, followed by the local population. Locals will be picking up about 10 dinar for one USD. This will help dedollorize Iraq.   

“If”  key word!!  

Link to post
Share on other sites
1 hour ago, Pitcher said:

If ever someone could WIll an RV it is you Chuck.  I could feel your positive vibe while I was trading and had to take a look at the Dinar board.  Keep thinking positive Chuck, may the Force be with you.   

Thanks Pitcher an you are right, we will not be denied. The Force is strong among us. 

  • Like 2
  • Upvote 3
Link to post
Share on other sites
On 9/23/2019 at 4:27 AM, Mary B said:

the market need of small monetary categories

 

So, they’re saying there is a “market need” for paper notes worth .20¢, .40¢ and .80¢...

It has to cost more to print the new money than what the value would be. They have to be raising the value, right?

 

:crossedfingers:

  • Like 2
  • Thanks 1
  • Upvote 2
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.