What New Categories Of Printed Currency Impact On The Iraqi Economy?
Vary the views of specialists in economic affairs about the new currency printed class 50 thousand and 100 thousand dinars in the local economy and business dealings effects.
Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh explained that "large print currency category, will direct citizens to the use of the dinar instead of the dollar," adding that "it will strengthen the payments system within the dinar against foreign currencies."
The economic lion expert Muhammad Ali has been described printed large sections of the local currency "prosthetic solutions that will work to weaken the Iraqi dinar in the market process, and burden the citizen," calling "the central bank to issue new categories Deleted zeros."
The parliamentary Finance Committee has asked the central bank to adopt the Kurdish language in printed new currency, note that the central emphasized that printed cash Category 50 thousand dinars will cost $ 60 if the international companies sober adopted in printing process
Bank restores the Iraqi Banknote Printing "new images and protect more"
entral Bank of Iraq, announced Tuesday, for reprinting the Iraqi Banknote new images and protect more, at a time indicated that the currency will continue to be traded now, confirmed that the new currency will help the blind to know the value of these categories.
The bank said it "re-print the new series of Iraqi banknotes currently in circulation images of new and protect more, using a good quality of printing paper, with two dates Hijri and Gregorian inclusion and the signature of Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after security tags," referring to the "The existing banknotes will continue to be traded with the new will not be rolling withdraw them now or in the future."
The statement added that "the 250, 500 and 1,000 dinars categories has been added to the new security signs by a colored bristles visible and invisible circular signs for the visually impaired (blind), in addition to the coating banknotes paint shield to protect it from dust, as well as a string ensure width of 1.2 mm."
The bank pointed out that "has been added colored hairs visible and invisible groups 5000 and 10,000 and 25,000 dinars, and signs for the visually impaired and coating to protect it from dust and thread bar to protect the image of the palm trees and Animations and colors changing different depending on the three denominations," indicating that it "has been added to the high sign of protection know Besbark globally. "
The bank said that "it was to change the image in the Arab world, al-Hasan ibn al-Haytham in the paper 10 thousand dinars class to the image of the Freedom Monument in Baghdad for the artist Jawad Salim, in addition to modifying the image of agriculture and the field is in a class of 25 thousand dinars, which will be charged agriculture jar of water and shows left behind a tractor plowing new ground. "
The Iraqi Central Bank announced in November 2013 its intention to issue coins and small denominations of paper and other great groups of 50 000 dinars category written in Arabic and Kurdish.
And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies