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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    The strange position of the Central Bank of circulation currency damaged !!

    rocky
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    • Post n°1

    The strange position of the Central Bank of circulation currency damaged !! Empty The strange position of the Central Bank of circulation currency damaged !!

    Post by rocky Mon 21 May 2018, 1:52 am

    [rtl]

    The strange position of the Central Bank of circulation currency damaged !!

    [/rtl]
    [rtl]Release date: 2018/5/21 8:48 • 445 times read[/rtl]
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    [rtl]
    The Iraqi Central Bank announced a position that may seem strange to the citizens' complaints about the circulation of the damaged and damaged currency due to frequent use and the weakness of new pumping instead of new ones.
    The Director General of the Department of Reform and Storage in the Central Bank Agency Abdul Karim Hassan, in a press statement followed by the agency {Euphrates News}, "The bank continues to print and improve banknotes, especially small groups and pumped to compensate for damaged papers," calling at the same time "to preserve the currency and acceptance Whatever its status as a symbol representing the sovereignty of the country and to inform the bank in the case of banks refuse to receive the damaged currency of citizens. 
    He explained that "the bank issued instructions to government and commercial banks to receive damaged banknotes from citizens and replace them without any fines and any quantity," stressing that "banks that violate these instructions will be held accountable in the event of a complaint against her." 
    As for the burning or buried currency, Hassan said that "it is submitted to the Central Bank exclusively to replace them according to certain controls."
    He pointed out that "the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories to pay within the salaries of employees, as well as the screening of papers and the destruction and compensation of new papers." 
    It is noteworthy that the Iraqi citizen may be one of the few citizens in the world, who complain about not accept dealing in national currency torn or damaged by some departments or institutions or shops, which causes him many problems and verbal quarrels may reach sometimes to conflict with the hands on The eyes and ears of the concerned authorities that did not issue a clear and direct order obligates everyone to deal with the currency in any way.
    "At the end of each month, we distribute more than 200,000 dinars of the currency torn apart by the employees of our district," said an employee of the state's payroll distribution committee. "Many problems and verbal quarrels occur between us and the trustees who insist. On the delivery of sums of money smuggled and affixed from both sides, to begin with the suffering of the employee in how to manage this currency rejected by most dealers, ranging from owners of taxis to shop owners. 
    "All this is happening as a result of the absence of a number of measures and measures that the CBI should take to maintain the prestige of the currency and its ease of circulation in the markets," she said.
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    • Post n°2

    The strange position of the Central Bank of circulation currency damaged !! Empty Damaged currency causes great suffering and embarrassment to citizens

    Post by rocky Mon 21 May 2018, 2:13 am

    Damaged currency causes great suffering and embarrassment to citizens

       


    21/5/2018 12:00 am 

    [rtl]Some circles do not accept dealing with them

    Baghdad / Huda al-Azzawi
    The Iraqi citizen may be one of the few citizens in the world, who complain about not accepting the deal in the national currency torn or damaged by some departments or institutions or shops, which causes him many problems and verbal quarrels may reach sometimes to conflict with hands in full view of The concerned authorities that did not issue a clear and direct order obligates everyone to deal with the currency in any way. 
    Currency torn within salaries
    Al-Sabah spoke with more than one official and a citizen in order to shed light on this problem. "At the end of each month, we allocate more than (200) thousand dinars of the currency torn apart equally among the employees of our district," said a member of the committee to receive salaries in a state department. The employee, who did not want to be named, said that «a lot of problems and verbal quarrels occur between us and the trustees of the Fund, who insist on handing over sums of money smuggled and affixed on both sides, beginning with the employee's suffering in how to manage this currency rejected by most dealers, Cabs to shop owners ». She cautioned the employee that all this is happening as a result of the absence of a number of measures and means that the Central Bank of Iraq to take to maintain the prestige of the currency and ease of circulation in the markets. Currency exchange



    As for the burning or buried currency, Hassan pointed out that it is submitted to the Central Bank exclusively to replace them according to certain controls, noting that the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories to pay within the salaries of employees, He pointed out that the bank continues to print and improve the banknotes, especially small groups, and pump them to compensate for the damaged paper, while at the same time preserving the currency and accepting it whatever its status as a symbol representing Aadh country and inform the bank in the case of refusal of banks received the damaged currency of citizens. 


    The suffering of the working class 
    For his part, said the citizen Rafie Abdul Latif MP, that the working classes and poor are the most social groups are vulnerable to deal with damaged currencies, because this segment traded in many of them, in addition to the same currency to factors that lead to damage early, such as moisture and wet and other It is noteworthy that even the gas stations have refused to accept the torn paper currency, Therefore, the government and the concerned parties should enact laws to protect the currency as is the case in a number of foreign countries that have issued legal provisions criminalizing those who refuse to deal with them if they are torn or  
    old. Stamping of coins



    On the re-minting of the coin for small groups and thus salvation from the problem of extinction of the currency currently in circulation, drew Professor of Economics, University of Nahrain Dr. Ngham Hussein Nima, that there were attempts in 2005-2006 to issue a coin of 250 dinars and 100 dinars and 50 dinars and 25 But the loss of the culture of trading in small metal groups among the public forced the Central Bank to stop circulation and convert it into scrap metal and sell it to a trader, so before taking any steps for the introduction of the coin must propagate the culture of trading in small metal categories And this is certainly the responsibility of the Central Bank of Iraq through the dissemination of financial culture among all segments of the society and openness to the public to raise financial awareness among their ranks and to indicate the importance of dealing with metal groups And keep the currency 


    Measures to protect the currency 
    to that said economic researcher Hassan Jamg, said the currency 's strength will be in a positive state with the power of the state, the larger the strong and stable state and the economy in the active state, the same presence and effectiveness in the transactions of internal and external of this currency, and no secret that most communities and nations take A number of measures and means to preserve this currency and to attempt to secure its material and moral status from any external influences that may be natural or by an effective act, such as the case of currency fraud or smuggling abroad, it may be among the solutions to emphasize the need to respect National currency and dealing Regardless of their condition, and in the case that the currency is very tired or in poor condition, such as torn or semi-damaged, the obligation of government agencies to facilitate the taking or retrieval, and then delivery to banks or the competent banking authorities to destroy them and issue a new currency instead of that damaged.[/rtl]


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    • Post n°3

    The strange position of the Central Bank of circulation currency damaged !! Empty The central bank announces take several actions to deal with damaged banknotes

    Post by rocky Mon 21 May 2018, 2:54 am


    The central bank announces take several actions to deal with damaged banknotes

    08:52 - 21/05/2018
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    Information / Baghdad ..
    The Director General of the Department of Repair and Storage at the Central Bank Agency Abdul Karim Hassan, on Monday, the bank took several actions on banknotes damaged, pointing out that the bank issued instructions to government and commercial banks to receive damaged banknotes from citizens and replace them without any fines.
    "The bank has issued instructions to the government and commercial banks to receive the damaged banknotes from the citizens and replace them without any fines and any quantity," Hassan said in a statement published by the official newspaper "Al Sabah". In case of a complaint against her. With regard to the burning or buried currency. "
    He added that "it is submitted to the Central Bank exclusively in order to replace them according to certain controls, noting that the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories to pay within the salaries of employees, as well as the screening of securities and destruction and compensation papers New".
    "The bank continues to print banknotes and improve them, especially small groups, and pump them to compensate for the damaged papers," he said, calling for "preserving the currency and accepting it, whatever its status as a symbol of the sovereignty of the country and informing the bank if banks refuse to receive the damaged currency" . Ending / 25

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    • Post n°4

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by Lobo Mon 21 May 2018, 11:05 am

    Thanks Rocky, sounds like it's time for the CBI to RV and get the old notes out and replace them with the NEW LOWER DENOMS.
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    • Post n°5

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by wciappetta Mon 21 May 2018, 2:58 pm

    noting that the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories


    On the re-minting of the coin for small groups and thus salvation from the problem of extinction of the currency currently in circulation, drew Professor of Economics, University of Nahrain Dr. Ngham Hussein Nima, that there were attempts in 2005-2006 to issue a coin of 250 dinars and 100 dinars and 50 dinars and 25 But the loss of the culture of trading in small metal groups among the public forced the Central Bank to stop circulation and convert it into scrap metal and sell it to a trader, so before taking any steps for the introduction of the coin must propagate the culture of trading in small metal categories And this is certainly the responsibility of the Central Bank of Iraq through the dissemination of financial culture among all segments of the society and openness to the public to raise financial awareness among their ranks and to indicate the importance of dealing with metal groups And keep the currency 

    Without a new improved value these comments make no sense. small categories and coins...Never a happier word read in a dinar forum.


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    • Post n°6

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by zimi31 Mon 21 May 2018, 4:08 pm

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    • Post n°7

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by Proven Mon 21 May 2018, 5:08 pm

    wciappetta wrote:
    noting that the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories


    On the re-minting of the coin for small groups and thus salvation from the problem of extinction of the currency currently in circulation, drew Professor of Economics, University of Nahrain Dr. Ngham Hussein Nima, that there were attempts in 2005-2006 to issue a coin of 250 dinars and 100 dinars and 50 dinars and 25 But the loss of the culture of trading in small metal groups among the public forced the Central Bank to stop circulation and convert it into scrap metal and sell it to a trader, so before taking any steps for the introduction of the coin must propagate the culture of trading in small metal categories And this is certainly the responsibility of the Central Bank of Iraq through the dissemination of financial culture among all segments of the society and openness to the public to raise financial awareness among their ranks and to indicate the importance of dealing with metal groups And keep the currency 

    Without a new improved value these comments make no sense. small categories and coins...Never a happier word read in a dinar forum.

    Good point Ward. I can't see it any other way either.  
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    • Post n°8

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by weslin3 Mon 21 May 2018, 5:28 pm

    Great news!!! Thanks rocky for finding this awesome article.  yes Dance Dance
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    • Post n°9

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by Screwball Tue 22 May 2018, 12:25 am

    wciappetta wrote:
    noting that the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories


    On the re-minting of the coin for small groups and thus salvation from the problem of extinction of the currency currently in circulation, drew Professor of Economics, University of Nahrain Dr. Ngham Hussein Nima, that there were attempts in 2005-2006 to issue a coin of 250 dinars and 100 dinars and 50 dinars and 25 But the loss of the culture of trading in small metal groups among the public forced the Central Bank to stop circulation and convert it into scrap metal and sell it to a trader, so before taking any steps for the introduction of the coin must propagate the culture of trading in small metal categories And this is certainly the responsibility of the Central Bank of Iraq through the dissemination of financial culture among all segments of the society and openness to the public to raise financial awareness among their ranks and to indicate the importance of dealing with metal groups And keep the currency 

    Without a new improved value these comments make no sense. small categories and coins...Never a happier word read in a dinar forum.
    Excellent
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    • Post n°10

    The strange position of the Central Bank of circulation currency damaged !! Empty Re: The strange position of the Central Bank of circulation currency damaged !!

    Post by Screwball Tue 22 May 2018, 12:37 am

    Thanks for all you do rocky!
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