To handle small currency .. Central Bank undertakes the replacement of damaged
Economists called for
citizens to address the
category of currency and small to support the value of the Iraqi dinar, with the exchange of the citizen and the bank's responsibility not to accept the circulation in the
market, while the central bank pledged replace currency damaged.
A number of experts in their talk: the fact that such groups led to the forced some vendors to increase the price of the material sold, with no turnout and widespread of its citizens and even the staff led to the accumulation, indicating that government departments refuse to receive their salaries, estimated at billions
currencies, small even by (5%) of them.
He Alckheon that the small change in the Iraqi market are almost missing but are available in banks and dramatically.
The General Director of Bank of Iraq when we spend our salaries (inlaid) currency small we receive complaints from citizens and staff, so we have to pay the salaries of currencies, only large.
For his part, central bank adviser said the appearance of Mohammed Saleh said that This small change has not been returned from the banks to the Central Bank until Nawwadha currencies new, noting that the banks receive only coins large because the quantities are small and the cost of counting and sorting easier, that's what motivated us to re-structure of the Iraqi currency deleting three zeros from the currency.
Saleh
added We set aside one day a week to receive from the banks of these currencies small damaged Nawwadha categories of modern and without any costs, noting that the central bank is ready to provide the bank with any amount of small change.
He said that if we compensated banking groups small there is no need to print currency and an
average of category (2000.3000) dinars.
and clearer if there is a currency and an average that does not mean that the currency of Iraq will be strengthened, but merely a means to facilitate the payment of coins.
He pointed to groups of mineral if is work to facilitate us a lot of things because the old chief extends to more than (15) years.
As pointed Chairman of the Economy Bank Husam Obaid Ali to the need to return the coin, as was the case in the past to strengthen the Iraqi dinar.
Ali said: that the small change would be acceptable in the Iraqi market if it has value, and called to be There are planning to make the dinar value measured in dollars and this is by printing Coins to strengthen the Iraqi currency.
For his part, Mohammed Jabbar: Most banks acted us the salaries of currencies with small groups and contain a lot of banknotes damaged so that some can not handle it and refuse by the sellers.
As pointed out by 'Ali that a few small groups in the local market generates considerable embarrassment when buying any material which results in a forced seller to increase the price of the material sold.
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