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The central bank issues a decision to cover the market need of small monetary categories

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The central bank issues a decision to cover the market need of small monetary categories Empty The central bank issues a decision to cover the market need of small monetary categories

Post by rocky on Mon 23 Sep 2019, 3:24 am

[size=35][size=35]The central bank issues a decision to cover the market need of small monetary categories[/size]
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Economie

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2019-09-23 | 3 o'clock
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[size=18]The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.


The bank said in a statement received by Alsumaria News, a copy of it, that "in order to cover the market need of new notes for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks approved by small cash categories for a limited period," Indicating that "that comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation."







He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines."

It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate.


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The central bank issues a decision to cover the market need of small monetary categories Empty The Central Bank decides to withdraw the damaged currency

Post by rocky on Mon 23 Sep 2019, 3:35 am

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The Central Bank decides to withdraw the damaged currency

Light News / Baghdad , the
central bank issued on Monday, a decision on the withdrawal of cash currency in circulation in the local markets damaged.

"In an effort to cover the market need of the new banknotes for small denominations (250, 500 and 1000), the bank decided to cancel the shortage that may appear in bank deposits held by the bank from the monetary categories," the bank said in a statement. Small and for a limited period, in order to achieve the desired purpose of withdrawing the damaged cash in circulation. ”
He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count in the counting machines."
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The central bank issues a decision to cover the market need of small monetary categories Empty The central bank issues a decision to cover the market need of small monetary categories

Post by rocky on Mon 23 Sep 2019, 3:40 am

The central bank issues a decision to cover the market need of small monetary categories

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Economy News _ Baghdad
The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.
"In order to cover the market need of new banknotes for small cash denominations" 250, 500 and 1000, "it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period," the bank said in a statement received by the Economy News. , Indicating that "it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation."
He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines."

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The central bank issues a decision to cover the market need of small monetary categories Empty Central Bank: cancellation of the fine shortage of deposits of small categories of banks

Post by rocky on Mon 23 Sep 2019, 3:59 am

[size=36]Central Bank: cancellation of the fine shortage of deposits of small categories of banks[/size]

Economy | 11:35 - 23/09/2019

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BAGHDAD - Mawazine News
The Central Bank of Iraq decided on Monday to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new paper for small cash groups.
"In order to cover the market need of new banknotes for small cash denominations" 250, 500 and 1000, it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period, the bank said in a statement received. "He pointed out that" it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation. "
He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count them in the counting machines."


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The central bank issues a decision to cover the market need of small monetary categories Empty The Central Bank eliminates the fine shortage of deposits of small categories of banks

Post by rocky on Mon 23 Sep 2019, 4:05 am

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The Central Bank eliminates the fine shortage of deposits of small categories of banks

[/rtl]
[rtl]Date of edit:: 2019/23 23 11:46 • 54 times read[/rtl]
[rtl]BAGHDAD: The Central Bank of Iraq decided on Monday to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new paper for small cash groups.
"In order to cover the market need of the new banknotes for small cash denominations" 250, 500 and 1000, "it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period," the bank said in a statement received by Al Furat News. , Indicating that "it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation."
He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff because it is difficult to count in the counting machines."


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The central bank issues a decision to cover the market need of small monetary categories Empty The Central Bank decides to withdraw the damaged currency

Post by rocky on Mon 23 Sep 2019, 4:10 am

The Central Bank decides to withdraw the damaged currency

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The Central Bank of Iraq, on Monday, the cancellation of the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new paper for small cash groups.
The bank said in a statement that "in order to cover the market need of new notes for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks licensed small cash categories for a limited period."
He pointed out that "this comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation."
He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines."


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The central bank issues a decision to cover the market need of small monetary categories Empty The Central Bank eliminates the fine shortage of deposits of small categories of banks

Post by rocky on Mon 23 Sep 2019, 6:13 am

  
 September 23, 2019

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 The Central Bank eliminates the fine shortage of deposits of small categories of banks






In its endeavor to cover the market need of new banknotes for small cash categories (250, 500, 1000), the Central Bank of Iraq decided to cancel the fine that may appear in the deposits of banks licensed by this bank of small cash categories and for a limited period, in order to achieve the desired purpose of withdrawing the currency Damaged in circulation
 
The bank would also like to show that the counting of banknotes damaged for these categories requires time and effort from the competent staff for the difficulty of counting in the counting machines.
 
Central Bank of Iraq
information Office
2019/9/23


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The central bank issues a decision to cover the market need of small monetary categories Empty Re: The central bank issues a decision to cover the market need of small monetary categories

Post by Readytogo on Mon 23 Sep 2019, 8:01 am

This sounds good to me... hoping others agree 😀
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The central bank issues a decision to cover the market need of small monetary categories Empty Re: The central bank issues a decision to cover the market need of small monetary categories

Post by Lobo on Mon 23 Sep 2019, 11:34 am

Thanks Rocky, seems the CBI has systematically been withdrawing damaged currency over a long period of time and this may be part of it in making way for the new lower denominational notes prior to the RV.  I think this is fantastic news.
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The central bank issues a decision to cover the market need of small monetary categories Empty Re: The central bank issues a decision to cover the market need of small monetary categories

Post by Diamond on Mon 23 Sep 2019, 12:52 pm

as i said in another    thread don't worry about the currency it's being taken care of

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The central bank issues a decision to cover the market need of small monetary categories Empty Re: The central bank issues a decision to cover the market need of small monetary categories

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