The governor of the central bank stresses the importance of following the context of the official signature on the issued currency

[DWS112]

The governor of the central bank stresses the importance of following the context of the official signature on the issued currency

09-22-2020

 

The governor of the Iraqi Central Bank, Mustafa Ghaleb, stressed the importance of following the context of the official signature on the issued currency.
The media office of the bank said in a statement that Alsumaria News received a copy of, that "Ghaleb Terrace, today, is a meeting of the Currency Affairs Committee in this bank in the presence of all members."

 

The governor stressed, according to the statement, "the importance of following the context of the official signature on the issued currency and not using the signature with the name that was previously approved by the committee in a previous meeting."

 

"The committee discussed a number of issues and took a number of decisions that would contribute to raising the level of currency management and improving it," the statement said.

 

[DWS112]

😋

Edited September 22, 2020 by DWS112

[Johnny Dinar]

Sometimes these guys leave me unsure of what they are saying... They just need a signature on the RV document....

[3n1]

i like any cbi news unless its photo ops of Alak getting the " best cbi gov. ever " award 🤣

[DinarThug]

32 minutes ago, DinarThug said:

In the first decision ... the new central bank governor settles a controversial matter

 

22nd September, 2020

The Central Bank of Iraq confirmed, on Tuesday, that it is taking a new mechanism to manage and improve the Iraqi currency, indicating that it decided to use the official signature on the banknote, and not to sign in the name, a matter that previously sparked widespread controversy in the country.

The bank’s media office said in a statement that Shafaq News Agency received a copy of, that “The Governor of the Central Bank of Iraq,   Mustafa Ghaleb, chaired today, Tuesday, a meeting of the currency affairs committee in this bank in the presence of all members.” 

The statement quoted Makhif as emphasizing "the importance of following the context of the official signature on the exported currency, and not using the signature with the name that was previously approved by the committee in a previous meeting."

This is his first chilling decision since he was appointed to his post last week.

The new governor indicated that "the committee discussed a number of issues and took a number of decisions that would contribute to raising and improving the level of currency management." 

It is noteworthy that the Central Bank of Iraq issued in 2018 a banknote of one thousand five hundred two hundred and fifty dinars, and the name and signature of the governor were added to the design of the currencies.  

Specialists have criticized that procedure. The economic expert, Salam Sumaisem, told Shafaq News at the time that the governor of the Central Bank, Ali Al-Alaq Agency, committed a "major violation" by placing his name on the Iraqi currency in its new edition, adding that "changing the signature is not something easy for a central bank governor. This signature is approved in Countries of the world, especially in international banks, which are member states of the International Monetary Fund, "wondering," Is there any currency of a strong country in which a person's name is on it? Is the Iraqi dinar crushed to this degree until it is made in the name of a person?" 

 

5 hours ago, DWS112 said:

The governor of the central bank stresses the importance of following the context of the official signature on the issued currency

09-22-2020

 

 

Lol - I Just Saw Ur Thread On This Topic DWS !  

 

     
 

 

LINK

In the first decision ... the new central bank governor settles a controversial matter

 

22nd September, 2020

The Central Bank of Iraq confirmed, on Tuesday, that it is taking a new mechanism to manage and improve the Iraqi currency, indicating that it decided to use the official signature on the banknote, and not to sign in the name, a matter that previously sparked widespread controversy in the country.

The bank’s media office said in a statement that Shafaq News Agency received a copy of, that “The Governor of the Central Bank of Iraq,   Mustafa Ghaleb, chaired today, Tuesday, a meeting of the currency affairs committee in this bank in the presence of all members.” 

The statement quoted Makhif as emphasizing "the importance of following the context of the official signature on the exported currency, and not using the signature with the name that was previously approved by the committee in a previous meeting."

This is his first chilling decision since he was appointed to his post last week.

The new governor indicated that "the committee discussed a number of issues and took a number of decisions that would contribute to raising and improving the level of currency management." 

It is noteworthy that the Central Bank of Iraq issued in 2018 a banknote of one thousand five hundred two hundred and fifty dinars, and the name and signature of the governor were added to the design of the currencies.  

Specialists have criticized that procedure. The economic expert, Salam Sumaisem, told Shafaq News at the time that the governor of the Central Bank, Ali Al-Alaq Agency, committed a "major violation" by placing his name on the Iraqi currency in its new edition, adding that "changing the signature is not something easy for a central bank governor. This signature is approved in Countries of the world, especially in international banks, which are member states of the International Monetary Fund, "wondering," Is there any currency of a strong country in which a person's name is on it? Is the Iraqi dinar crushed to this degree until it is made in the name of a person?" 

[DinarThug]

 

2 minutes ago, DinarThug said:

Lol - I Just Saw Ur Thread On This Topic DWS !  

 

     

 

And It Also Adds Some Continuity To Ur Other Excellent Previous Thread ...

 

     

 

 

LINK

The governor of the central bank stresses the importance of following the context of the official signature on the issued currency

 

22nd September, 2020

The governor of the Iraqi Central Bank, Mustafa Ghaleb, stressed, on Tuesday, the importance of following the context of the official signature on the issued currency.

The media office of the bank said in a statement that Alsumaria News received a copy of, that "Ghaleb Terrace, today, a meeting of the Currency Affairs Committee in this bank, in the presence of all members."

The governor stressed, according to the statement, "the importance of following the context of the official signature on the exported currency and not using the signature with a name that was previously approved by the committee in a previous meeting."

The committee discussed a number of issues and took a number of decisions that would contribute to raising the level of currency management and improving it," the statement said.

[DinarDavo]

Just been seeing bits and pieces about this here.....does this have anything to do with Alaq being a proxy governor?

[SocalDinar]

 

The new governor of the Iraqi central bank reverses a controversial decision

EconomyCentral Bank

•  

 2020-09-22 06:23

A- A A+

Shafaq News/ The Central Bank of Iraq confirmed on Tuesday that it is taking a new mechanism to manage and improve the Iraqi currency, indicating that it decided to use the official signature on the banknote instead of signing the name.  

The bank's media office said in a statement received by Shafaq News Agency, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, chaired today, Tuesday, a meeting of the currency affairs committee in the bank in the presence of all members".

The statement quoted Mokhif stressing, "the importance of resuming the use of official signature on the exported currency and not using the signature with the name that was previously approved by the committee in a previous meeting".

This is mokhif's first decision since taking the office last week.

The new governor indicated that, "the committee discussed several issues and took a number of decisions that would contribute to raising and improving the level of currency management".

It is noteworthy that the Central Bank of Iraq issued in 2018 a banknote of one thousand, five hundred, and two hundred and fifty dinars, and the name and signature of the governor were added to the design of the currencies.

The economic expert, Salam Sumaisem, told Shafaq News at that time, that the governor of the Central Bank, Ali Al-Alaq, committed "A big violation" by placing his name on the Iraqi currency in its new edition, "changing the signature is not something easy for a central bank governor. Countries of the world, especially in international banks, which are member states of the International Monetary Fund", wondering, "Is there any currency of a strong country that has a person's name on it? Is the Iraqi dinar deteriorated to this degree until it is made in the name of a person?".

 

https://www.shafaaq.com/en/Economy/The-new-governor-of-the-Iraqi-central-bank-reverses-a-controversial-decision

[nannab]

22 minutes ago, SocalDinar said:

"Is there any currency of a strong country that has a person's name on it?

 

Yep the US money has the Treasurer's  signature on the left and the Secretary of the Treasury on the right.

If this counts.  Thank you Social D 

[GregHi]

I’m not really getting this article.. I guess there is some big controversy about the old CBI gov putting his signature on some of the lower demons, but why?? What is the big deal? Our bills have signatures on them.. I guess I don’t understand number 1, what the big deal is and number two why it’s even worth printing in an article..

[DWS112]

3 hours ago, GregHi said:

the old CBI gov putting his signature on some of the lower demons

Here is an article from the CBI website dated Oct 7, 2018:

 

(Statement) The Central Bank issues a second edition of the denominations (250,500,1000,10000,25,000) dinars

 

 

  The Central Bank of Iraq issued its second edition of banknotes for the denominations (25000, 10,000, 1000, 500 and 250) dinars, stressing that the currently circulating banknotes of the above categories will continue to circulate with the new denominations without any intention of withdrawing them from circulation.

 

This bank shows that the variables on the above categories were as follows ....

Regarding the categories (25,000, 10,000, 500, 250) dinars, they included writing the name of the governor instead of signing him in the old version, in line with what is now followed in other countries, and the Hijri and Gregorian dates were modified to the two dates (1440 AH-2018 AD).

 

As for the denomination of (1000) dinars, the face of the banknote was changed, whereby the slogan "Inclusion of the Marshlands and Monuments of Southern Iraq on the World Heritage List" was placed instead of the image of the Islamic Dinar in the old design, based on a decision issued in this regard in addition to writing the name of the Governor also instead of his signature In the old version and amending the Hijri and Gregorian dates to the two dates (1440 AH-2018 CE).

 

 

Edited September 22, 2020 by DWS112

[DWS112]

Example of original version with signature on the right

Edited September 22, 2020 by DWS112