HOT: CBI Denies Rumor Of The Issuance Of A New Currency.

[Luigi1]

Here's two articles of Dinarian intetrests...

CBI denies rumor of the issuance of a new currency.

Rumor grow as some suggests the current IQD we have will be made obsolete.

Treat as rumors.  Not verified.  Your opine.

 

 

Tlm724 Administrator Bondlady’s Corner:     The CBI Denies “Information” Issuing A New Category Of Local Currency.

ARTICLE:  The Central Bank of Iraq denied, today, Monday, that the bank has any intention to issue a new currency or a small or large denomination during the current period.  

 

A member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, said in a statement to “Al-Ma’louma” that “talk about issuing a new currency by the CBI is not true at the present time.”   Berihi added, “If a new denomination of currency is issued, whether small or large, it will not affect the ER of the Dollar against the Dinar, but rather it will only serve and facilitate transactions in the simple market.”

 

A member of the Board of Directors of the Central Bank of Iraq pointed out that  “the Iraqi currency is stable & the existing denominations are sufficient.”   A member of the Parliamentary Finance Committee, Representative Nermin Maarouf, announced in press statements that the committee will discuss with the Governor of the CBI the feasibility & motives behind taking the decision to issue the 20,000 Dinars denomination, the   financial value of this denomination &  other details related to its expected issuance. 

 

 

FROM OTHER SOURCES:     The Governor Of The Central Bank Opens New Outlets For Selling Dollars At Baghdad Airport.

ARTICLE:  The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, opened new outlets to sell foreign currency (the Dollar) to travelers at Baghdad International Airport.

A statement by the bank’s media office, seen by Al-Iqtisad News, stated that “the governor of the CBI was briefed on the mechanism for providing services that exchange companies will provide 24 hours a day to their customers,” stressing “the speed of completing transactions by government banks & exchange companies that sell Dollars to travelers in Baghdad International Airport is limited to a specific time.  

 

The governor stressed that “the step of opening new outlets at the airport will have positive effects, especially since it takes a short time for the traveler to obtain his share of the Dollar,” noting that the work of exchange companies at the airport will be monitored by the CBI & the Civil Aviation Authority, as well as branches.  Open banks that provide services to customers, including selling foreign currency to travelers.  

 

During his visit to Baghdad International Airport, Al-Alaq discussed with the head of the Civil Aviation Authority, Imad Abdul Razzaq Al-Asadi, the strengthening of bilateral cooperation & the ongoing measures to open new outlets at all Iraqi airports.

 

[screwball]

25 minutes ago, Luigi1 said:

The Central Bank of Iraq denied, today, Monday, that the bank has any intention to issue a new currency or a small or large denomination during the current period.  

Isn’t this interesting….very specific rumour..issue small or large? At a time when they are talking about increasing interest rates? You think this is a coincidence?😂😂

[screwball]

28 minutes ago, Luigi1 said:

Berihi added, “If a new denomination of currency is issued, whether small or large, it will not affect the ER of the Dollar against the Dinar, but rather it will only serve and facilitate transactions in the simple market.”

This is a lie….

[screwball]

32 minutes ago, Luigi1 said:

The Central Bank of Iraq denied, today, Monday, that the bank has any intention to issue a new currency or a small or large denomination during the current period.

Lies are really easy when you can’t directly allocate blame to an individual for the lie…

[screwball]

I supposed it all depends on what the Er rate will be…at what point would they need to issue lower denoms? At 1000:1? Or less? When the remove three zeros from the ER?