Official: CBI News 01/15/2023

[6ly410]

Instructions and standards for the circulation and replacement of banknotes and the mechanisms of counting and sorting

 

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Central Bank of Iraq | Instructions and standards for the circulation and replacement of banknotes and the mechanisms of counting and sorting (cbi.iq)

 January 15, 2023

 

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Regarding the unification and updating of the controls and instructions for the standards for the circulation and replacement of banknotes, we attach below an updated copy of the standards and instructions that will be adopted in the counting, sorting and delivery of banknotes as of 15/1/2023.

» للإطلاع على الضوابط والتعليمات..اضغط هن

[yota691]

Instructions and standards for handling and exchanging banknotes, as well as counting and sorting mechanisms

 

  

January 15, 2023

 

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Regarding the standardization and updating of controls and instructions related to the standards for trading banknotes and their replacement, we enclose below an updated copy of the standards and instructions that will be approved in the counting, sorting and delivery of banknotes as of 15/1/2023.

» To view the controls and instructions , click here

[yota691]

Prices of bullion and gold coins for Sunday 15/1 until Thursday 1/19/2023

 

  

January 15, 2023

( Citizens can refer to governmental and private banks to purchase gold bars and coins )

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The weight	Price/dinar	photo/front
Specie 22 g	2,184,000
5 g ingot	468,000
10 g ingot	925,500
15 g ingot	1,391,000
20 g ingot	1,865,500
25 gr ingot	2,341,500

 

[yota691]

The Central Bank determines the valid and rejected Iraqi banknotes for circulation

2023-01-16 03:11

 

 

 

Shafaq News/ The Central Bank of Iraq determined, on Monday, the valid and non-negotiable banknotes of the local currency.

 

 

 

The bank said, in a statement received by Shafaq News agency, that it is "responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

 

And he explained that "the banknotes issued by him remain valid for negotiation in the event that they were exposed to any tear of more than 3 cm, and it was repaired with transparent adhesive tape on one or both sides and did not affect its features."

 

He added that "the banknotes also remain valid if they were cut in one of their corners within 2 cm and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size."

 

He pointed out that "banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it is composed of two parts with different numbers." Its area was close to that of the original banknote.

 

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area.” It is also considered unfit for circulation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.”

[yota691]

The central bank sets standards for non-negotiable monetary currencies

2023-01-16

Yesterday, Iraq: Baghdad
The Central Bank of Iraq set, on Monday, the criteria that make banknotes of the local currency valid or not valid for circulation.
The bank said, in a statement received by Shafaq News agency, that it is "responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

 

And he explained that "the banknotes issued by him remain valid for negotiation in the event that they were exposed to any tear of more than 3 cm, and it was repaired with transparent adhesive tape on one or both sides and did not affect its features."

He added that “the banknotes also remain valid if they were cut in one of their corners within 2 cm and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size.”

He pointed out that “banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it consists of two parts with different numbers.” Its area was close to the area of the original banknote.

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area, It is also considered unfit for circulation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.”

[yota691]

The Central Bank clarifies its procedures for monitoring the performance of private banks and improving their work

 

•  Yesterday, 15:39

 

Baghdad - Conscious - Nassar Al-Haj

 

Today, Sunday, the Central Bank of Iraq clarified its procedures for monitoring the performance of private banks and improving their work, while noting that only banks that are able to perform their functions remain in the banking sector.

The bank's advisor, Ihsan al-Yasiri, told the Iraqi News Agency (INA), that "the Central Bank of Iraq initiated procedures three years ago to complete the reform procedures in the banking sector," noting that "the private banking sector is one of the promising sectors in Iraq, as the central bank attaches importance to Similar to the government banking sector.

Al-Yasiri added, "The central bank does not distinguish between the private and public sectors, but the private banking sector is one of the engines of development in Iraq, in addition to the government sector," noting that "the private banking sector has a role in spreading the funds of the Central Bank of Iraq's initiative in lending to different sectors." (residential, agricultural, industrial, and commercial), as his effort was evident in this field.” 

He pointed out that "some banks suffer from a group of problems, and the Central Bank, in turn, is currently taking several measures for the purpose of enabling them to stabilize and reassure the public of their performance," stressing that "there are other banks that are doing well and playing excellent roles."

He pointed out that "the Central Bank, due to its confidence in some private banks, has initiated measures to encourage foreign banks and foreign central banks for the purpose of opening financial corridors for them, to enable them to practice money transfers for foreign trade purposes."

He stressed that "the central bank usually supports every bank that tries to improve performance and services provided to the public, as a result, the private banking sector is an important part of the Iraqi banking sector, and the central bank attaches great importance to it and encourages it to improve performance."

And that "the public's confidence in the private banking sector and the banking sector in general is increasing gradually with the strength of the Central Bank's procedures and control."

He continued, "The private banking sector and initiative funds are currently financing the development of projects, the establishment of new projects, and the employment of the unemployed," stressing that "some banks are trying to reach satisfactory levels."

He noted that "the Central Bank is currently monitoring the performance of some banks and supervising their performance, and there is nothing left in the banking sector except for good banks that are able to perform their functions."

 

[RJG]

The Central Bank determines the valid and rejected Iraqi banknotes for circulation

 

2023-01-16 02:11

 

 

Shafaq News/ The Central Bank of Iraq determined, on Monday, the valid and non-negotiable banknotes of the local currency.

 

 

 

The bank said, in a statement received by Shafaq News agency, that it is "responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

And he explained that "the banknotes issued by him remain valid for negotiation in the event that they were exposed to any tear of more than 3 cm, and it was repaired with transparent adhesive tape on one or both sides and did not affect its features."

He added that "the banknotes also remain valid if they were cut in one of their corners within 2 cm and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size."

He pointed out that "banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it is composed of two parts with different numbers." Its area was close to that of the original banknote.

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area.” It is also considered unfit for circulation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.

https://shafaq.com/ar/اقتصـاد/البنك-المركزي-يحدد-الاوراق-النقدية-العراقية-الصالحة-والمرفوضة-للتداول

[NEPatriotsFan1]

4 minutes ago, RJG said:

The Central Bank determines the valid and rejected Iraqi banknotes for circulation

EconomyBreakingCentral Bank Of IraqIraqi Currency

2023-01-16 02:11

 

 

Shafaq News/ The Central Bank of Iraq determined, on Monday, the valid and non-negotiable banknotes of the local currency.

 

 

 

The bank said, in a statement received by Shafaq News agency, that it is "responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

And he explained that "the banknotes issued by him remain valid for negotiation in the event that they were exposed to any tear of more than 3 cm, and it was repaired with transparent adhesive tape on one or both sides and did not affect its features."

He added that "the banknotes also remain valid if they were cut in one of their corners within 2 cm and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size."

He pointed out that "banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it is composed of two parts with different numbers." Its area was close to that of the original banknote.

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area.” It is also considered unfit for circulation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.

https://shafaq.com/ar/اقتصـاد/البنك-المركزي-يحدد-الاوراق-النقدية-العراقية-الصالحة-والمرفوضة-للتداول

Sounds like they’re preparing to bring them in and letting people know they’ll be tossing some out for damage or counterfeit 

[yota691]

The Central Bank determines the valid and rejected Iraqi banknotes for circulation

• MONDAY, 01-16-2023, PM 1:20
•  
• KARRAR AL-ASADI
•  
• 488

http://non14.net/public/images/large/8-1673864418.jpg

Today, Monday, the Central Bank of Iraq determined the valid and non-negotiable banknotes of the local currency.

The bank said, in a statement received by the Noon news agency, that it is "responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

And he explained that "the banknotes issued by him remain valid for negotiation in the event that they were exposed to any tear of more than 3 cm, and it was repaired with transparent adhesive tape on one or both sides and did not affect its features."

He added that "the banknotes also remain valid if they were cut in one of their corners within 2 cm and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size."

He pointed out that "banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it is composed of two parts with different numbers." Its area was close to that of the original banknote.

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area.” It is also considered unfit for circulation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.”

[Bama Girl]

6 hours ago, yota691 said:

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective

 Well, I will be glad to do my part here. I have some brand new uncirculated notes that I will be more than happy to share with you folks for the right price of course. 🙄😄

[Mary B]

1 hour ago, Bama Girl said:

 Well, I will be glad to do my part here. I have some brand new uncirculated notes that I will be more than happy to share with you folks for the right price of course. 🙄😄

😂

[yota691]

The Central Determines the banknotes that are valid and rejected for circulation

Economical  01/17/2023

 

 

 Baghdad: morning 

 

Yesterday, Monday, the Central Bank determined the valid and non-negotiable banknotes of the local currency.

The bank said in a press statement: It is "responsible for defining the categories of Iraqi monetary currencies, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones," noting that "discriminating between their categories by imposing a specific category on the public or refusing to receive a specific category is an order." unacceptable and against the law.”

He explained that "the banknotes issued by him remain valid for negotiation in the event that they are exposed to any tear that exceeds (3 cm), and it was repaired with transparent adhesive tape on one or both sides, and did not affect its features."

He added that "the banknotes also remain valid if they were cut in one of their corners within (2 cm) and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size."

He pointed out that "the banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it consists of two parts with different numbers." Its area was close to the area of the original banknote.

And he indicated that “the banknote is also considered invalid if it is fixed with a transparent tape or more on its width or length, in addition to cutting it from more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area. It is not valid for negotiation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.”