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Daytrader: I would suggest a re-read of JJ's post 264 in yesterday's thread. It is a translation from part of Samson's post 137 titled, Instructions and criteria for handling and replacing banknotes and counting mechanisms
IMO this could be a massive clue we've been given by the CBI. We've been shown the Iraqi markets use a significant amount of USD for everyday purchases. The CBI appears to be expecting a considerable influx of USD and EUR coming back into the banking system. So much, that they are establishing a policy on the counting, bundling and transportation of foreign currency; including all serial numbers.
The Iraqi banking system has been primarily focused on foreign currency movement from the CBI to the banks to the street. Now they appear to expect the flow to be from the street to the banks to the CBI. And we see the CBI even focusing on just who the banks are using to transport foreign currencies.
Guessing banks will consolidate foreign currencies from branch offices to their main bank before sending it to the CBI; hence the focus on tracking every note every step of the way; even to include every serial numbers.
Now why would the CBI be giving the Iraqi banking system this kind of policy/instruction at this point in time????? Just a thought.
JJonesmx: ..... AS U ASKED...*JJ*
To all banks
What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting mechanisms
good greeting. // 2015
Later in our book number 133
No. 12 / For the purpose
. Date of unification
16 and update the controls
And instructions on the standards of exchange and exchange of banknotes, we send you the link principles, standards and instructions
Which will be used in the counting, sorting, handing over and handing over of banknotes in order to work.
Dr.. Munther Abdul Qader Al Sheikli
Deputy Governor Agency
- The Iraqi Bank for 2004 56 1 The Central Bank under its law No. is responsible for determining categories of currency
(Paper and metal) and its measurements and forms and printed banknotes and coins, coins
Responsible for the destruction, replacement and identification of defective ones, and may refuse to replace those currencies (paper and metal) or
Confiscate them if the conditions set out in these instructions are met.
- Iraqi banknotes are homogeneous with different categories and have absolute force of absolutism and are accepted by
3 before the central bank
And its branches, banks, institutions and the public, and the distinction between their categories through the imposition of a certain class on
The public or refusal to accept a certain category is unacceptable and is contrary to law.
1- Trading standards of banknotes:
(A) negotiable banknotes;
The banknote issued by the Central Bank of Iraq shall be valid for trading even if it is exposed to any of the following:
- If the tear is uneven (cm and fixed with a transparent adhesive tape from one side or
On both sides and did not affect its features. 3
2 - If it is cut in one of the corners of the border () name did not affect the features.
Thirdly, if the effects of circulation and use appear on it, and no harm or damage affects its shape, color or size
(B) Non-negotiable banknotes
First: The banknotes are not valid for trading if one of the descriptions listed below applies to them and compensates the holder
At their full value as soon as they are submitted to the government and private banks and their branches, which are subsequently deposited by banks
Bank or one of its branches and assess the corresponding in their accounts:
(1) If they are flammable or damaged, although they are not torn apart and parts are not lost.
(6) - If the paper is damaged as a result of exposure to water (immersion in water or various fluids).
- If the paper consists of two parts (different numbers) and the area is close to the area of the original banknote.
(4) - If the banknote is affixed to a transparent tape or more along its length or width.
(- If in the banknote cut in more than one angle or oppressed.
(7) - if it contains seals or writings that do not affect its appearance.
(If the paper caught strange materials and affected the features such as inks, dyes, glues and materials
8)Grilled, cooked, cooked, fat or oil.
) - If you lose less than
9% of its area.
() - if the banknote is perforated with one or more holes and randomly
3, Not mentioned in paragraph (item (w)).
Second, banknotes damaged as a result of incineration, underground burial or any other reason shall be submitted to the Central Bank of Iraq
And its branches exclusively and in the event that it is not possible to count and sort the damaged banknotes for any reason, it shall be submitted to the discretionary committee
For damaged banknotes in the center or branch to verify their originality and estimate their value according to the following mechanism:
1)- Support from the Directorate of Civil Defense, the police station or the Supreme Judicial Council in respect of banknotes
Which exceeds the amount of (JD) million
100 thousand dinars).
(*) - Provide proof of source of funds in respect of large amounts ()
Which exceeds JD (ten)
Million dinars). Cash buried
Obtain the value of the securities in favor of this bank.
() - discretionary decision five receipt of banknotes
4. The Committee shall be issued within a working day from the date of the Committee's discretion
Branch Director General
(The value of the damaged securities shall be compensated up to JD (35000000) five
-5) Net cash estimated by the Committee
And twenty million dinars) within the authority of the General Manager of the issuance of the treasury and more, it is within the validity
() - The value of the damaged papers shall be estimated at (5 million dinars) five
6 million dinars) within the validity
)Director General of the branch, and furthermore, are taken to the Central Bank (Center) without a process of examination of the branch.
. .. ..اله ط
The damaged non-negotiable banknotes described below are confiscated and notified by the holder or the entity that provided them
By virtue of the decision to confiscate them by means of a form signed by the Fund Manager and the owner of the transaction, and a copy thereof shall be given to him
His monetary papers have been rejected and confiscated by submitting an application to the Governor or his authorized representative through the Director General for issuance
The treasurer or the general manager of the branch of the bank to reconsider the decision, and the decision of the governor or his final decision:
(A) If the design of the banknote is not clear or distorted, or if the appearance of the banknote is included, including changes
Written, printed, stamped or stamped.
B - If the paper lost more than 50% of its area, and if there is evidence to convince the central bank that the missing parts of
The papers have been completely destroyed, partially or totally compensated.
6If the paper is cut into more than () pieces.
(D) If the paper is perforated with four holes in one banknote, the banking system shall confiscate it
And delivered to the Central Bank of Iraq with knowledge of its source from the customer, otherwise the bank bears responsibility
/ 3 19
According to our book
Numbered by number / dated 3/3.
The counterfeit papers shall be treated according to the following:
A) The false banknotes are falsified and the holder shall be provided with the details of these papers from the trustees of the bank
The Central Bank of Iraq and its branches, and all banks and branches, and the competent authority that has confiscated, and holds a record
A special from each treasurer setting the number of counterfeit banknotes and their categories and the name of the depositing customer that appeared in
Deposits and account number.
B - Stamping counterfeit banknotes with fake stamp bearing the name of the bank and branch after being confiscated from the bank and sent to
The Central Bank under the letter R, the information in paragraph (a) above.
(C) The Department of Issuance and Safes shall send weekly, monthly and quarterly statistics on the details of the counterfeit papers discovered or received
According to categories and the recipient to the relevant jihad, which the governor considers to be informed.
4 - mechanism of counting and sorting papers in
A. Banks shall prepare counting and sorting centers with an area commensurate with the size of their deposits and shall endeavor to acquire modern mechanization
To ensure the counting and sorting of banknotes received from its customers, with the recruitment of sufficient cadres and qualified to do so.
B- Banks shall send their financial deposits to the coffers of the Central Bank of Iraq and its branches after counting, sorting and packing them
Currency categories with bags of good type Each bag contains () a tie, and each tie is on 1000
Contains () sheet
Attached is the two sides of the court distributed () and all (10010)
From the form of paketti containing () paper and card
Stamped with the bank's name bearing the triple name of the treasurer and the type of class and date.
C) Deposits shall be packed and packed with sewing machines for sewing bags and placed
Extra tape when sewing to increase the durability of the bag with adhesive tape, the color of which matches the color of the category that is nested inside
The bag and put a card on the bag describing the contents of the banknotes and the name of the bank and type of class
And the date of deposit with the name of the person who packed the bag, and in case of receipt of deposits less than)
He did (tie it
Will be impossible to receive, except in special cases and with the approval of the Director General of the Department of Issuance and Treasury.
For regulatory purposes, banks shall notify the Central Bank before (1) hour by mail
And the amount of their deposits and cash withdrawals so that coordination with the security control to allow the entry of the bank's authorized
C- Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches,
And promoting the circulation of small denomination banknotes.
Bank Center: Al-Rasheed Street, Baghdad, Iraq
CBI Head Office: - Al-Rasheed St, Baghdad Iraq..
D) Banks shall deposit damaged banknotes received from their customers or from the general public for any quantity whatsoever
It was a single banknote, to be well sorted and actually damaged, and sent with books showing their status and amounts in accordance with
A delivery schedule to be determined by the issuing department, and if there are negotiable banknotes in your deposits
Damaged and in large quantities, this is a bank violation to be held accountable by the bank, and in order to stimulate banks to establish
Damaged banknotes from citizens This bank will not charge the counting and counting officers for these deposits.
(G) Identification of the names of the trustees at the level of the bags, to be filled on the basis of one Treasurer
Your nominee is nominated to review this bank / issuing department and cabinets according to the attached nomination form.
The correspondence with this bank shall be signed by the Director General of the Government Banks and the Director-General for the Banks
The Director and the Regional Director for the foreign branch or his representative in the event of his absence, provided that the signature is alive
Official books are received if received otherwise.
5 - mechanism of counting and sorting the banknotes in the Central Bank of Iraq
A) The establishment of a special place in the building of the Central Bank for the presence of the authorized banks to review the issuing department and the cabinets
If there are any comments or objections to the results of Ashwal
The sorting allows the bank's users to view the video recording
Which is done through the surveillance cameras to open the bags of the bank and within a week from the date of notification
B - The fines imposed on the differences discovered in your deposits of Iraqi banknotes shall be calculated as follows:
First: Confiscating the excess discovered in the deposits and promising them to the Central Bank of Iraq.
Second, the deficiency discovered in the bank deposits shall be recorded on its current account and a fine shall be imposed in the manner specified by it
Bank of the value of banknotes (350
The percentage of the fine is currently set at a percentage of the value of the paper
Cash with shortfall compensation.
Thirdly, the counterfeit amounts discovered in the deposits of the bank record a shortage on its current account, and the rate of the fine is recorded
In the manner determined by the Bank, has set a fine rate of 700%
Currently at a percentage of the value of counterfeit banknotes
Discovered with shortfall compensation.
Non-Iraqi banknotes discovered in the bank's deposits shall be recorded as a deficit and shall be regarded as revenue for the public treasury.
Without imposing a fine shortfall.
Fifth: When the Iraqi banknotes appear to be a violation of the authorized banknotes, their number is recorded as a deficit without imposition
The fine is shortfall, and the securities (different category) are recorded as revenues of the CBI.
The results of counting, sorting and copies of the identification papers of the Fund's trustees will be sent and your answers and books will be received
E-mail to the Banking Follow-up Section (iss
.)followupinfo @ will be destroyed
In a maximum period of one week, and the bank is not entitled to claim them.
A - Amounts shall be collected on bank deposits as a result of the counting and sorting operations carried out by the Bank in the manner specified by it
three hundred fifty
Currently, the amount is set at JD (1) per bundle.
The official time of the hour) will not allow any wheels or
The receipt of deposits shall be within 19 hours
Persons of banks outside these times, provided that such deposits are transferred and received by the wheel
And a single payment for delivery to this bank (deposits are not received otherwise, in case of delay
Your deposits for the above-mentioned times are justified by the management of this bank and its branches may receive such deposits
As secretariat for a period of not more than one working day under the secretariat deposit form, provided that the amounts received are
Sealed and stamped by the bank so as to ensure that it can not be opened except in the presence of his representative on the morning of the following working day
Purpose: Withdrawal and initial examination of the Secretariat.
D) Deposits of banks shall not be received if the amount paid is not identical to the details of the deposit sent byE-mail.
This bank follows a certain mechanism for receiving foreign currency notes (dollar, euro) where it is counted and checked for confirmation
Of the count and originality as follows:
First: counting and sorting the foreign banknotes deposited by the trustees of the Fund and in the presence of two of the Bank's authorized persons
If a shortage and damaged papers are discovered, they are compensated by the authorized persons, and the forged papers are confiscated
And make up the shortfall.
Recording the serial numbers of foreign banknotes and storing them in electronic memory in addition to the book of the bank
And the deposit form.
(100) A tape containing the serial numbers of the papers
- Attach with paper) foreign, in case of non-conformity
The numbers on the electronic memory with the total amount and tape on the bakheet, the amount is refunded
IV. The Bank shall be provided with a supporting link in the event that the accounting record can not be made and may be received by the Secretariat
The conditions set forth in paragraph (e) (c) above.
D) The responsibility of the Central Bank of Iraq and any bank or treasurer or any person is at the point where it is graduated
Money from possession and object not to leave the receipt of banknotes receipt point before confirming the amount may be received
The bank notes from this bank may request to carry out counting operations by him and whoever he wishes from the employees of his department and under supervision
Central Bank staff including providing and configuring all enumeration requirements of counting and binding machines, and after completing the process
The bank becomes responsible for the banknotes it pays, even if it bears the identification cardReceived from them.
- In the event that the bank finds a mistake in its deposits (increase or decrease) it must inform the issuing department and the cabinets at the end
On the day of deposit or at the beginning of the next day and prior to the process of counting and sorting of such deposits by sending him an official letter
In which the amount of error and type of category is determined accurately, and after the counting and sorting of those deposits, it is ascertained that the amount of the amount is matched
The difference to what is stated in the book of the bank and make up for the shortage of the bank without imposing a fine or handing over the increase without
Confiscated and under official record.
In the event that a bank keeps or includes the identification cards of the Central Bank or another bank
Deposits and payment to trade in such manner is considered an offense for which the Bank is liable.
Cash Transfer Mechanism
A. All banks shall use the secured vehicles belonging to them or to competent authorities to transfer funds for the purpose of transport
Cash deposits to and from this bank and between banks and provide us with the types and numbers of the armored cars or the entity
Responsible for transportation.
B- To provide the Central Bank with the names of workers employed by the Bank to transfer cash deposits to this bank
And their addresses and their holdings, to carry the identification files of the bank
Otherwise, the bank bears responsibility
Oh.* Adhere to the instructions described above
In the event that the banks do not comply with the applicable regulations and repeat the banking violations, the Issuing Department shall recommend the assignment
The bank violating the Committee to determine the penalties imposed on banks according to the law of the Central Bank of Iraq.
The instructions in question shall take effect from the date of the publication of the book and replace all of our previous books and circulars
This is the case
21% 11:35 AM
file-152379158771873 - Read-only
Read Only - You cant save changes to this f.
I. Authorized information
The triple name of the author
Do you have a relationship with an employee name
TaHusband's na me
If the answer is yes, mention a name
Date of Birth
The name of the author is written in his handwriting
Current residence address
The closest point is a function
Authorized Signature (in blue)
The phone number of the first class
With the name and kinship
Fingerprint of the left thumb
Date of appointment at the bank
Previous work place
II. Information concerning the Bank
1. The Bank shall determine the functions of the author of one of the following paragraphs:
Withdrawal and deposit of Iraqi work
Follow-up screening procedures
Pull the dollar
- Time period for authorization of // 301
until301 13 Specify /
3. The Bank undertakes to correct the information contained in the form by signing the authorized director or the equivalent of the foreign branches.
4. The Bank shall submit a candidate within (3) working days from the date of notifying him of the rejection of such candidate
5 - The bank is obliged to send the support of the participation of the authorized courses
And the discovery of counterfeit papers
Public relations and occupational safety
- Color copies of the following documents of the author
The Bank shall abide by the conditions
Civil Housing Card
And a certificate of nationality (or a common card). - Passport - Food card
Authentication of the legal department of the bank
Authorized Administrator Authentication
Walkingstick: Quote: “And promoting the circulation of small denomination banknotes. (9-5)”
Well done JJ ... thanks
Frank26: JJ ............WALKINGSTICK AND ALL TEAMS SAY ................ YOU DID DAMN GOOD SIR !!!
BeKind: Oh Wow! Wow! Wow!
And promoting the circulation of small banknotes. Here we go!