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


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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


    Central Bank: The process of exchange of banknotes takes place daily

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Central Bank: The process of exchange of banknotes takes place daily Empty Central Bank: The process of exchange of banknotes takes place daily

    Post by Rocky Thu 15 Nov 2018, 2:07 pm

    [You must be registered and logged in to see this image.]  Central Bank: The process of exchange of banknotes takes place daily


    The Central Bank of Iraq revealed on Thursday the reasons that led to the replacement of damaged banknotes in 2013, stressing that all procedures related to the replacement of those securities "took place according to the law instructions and controls ," noting that the process of exchange of banknotes is a daily process.
    "The cash exchange process is a daily function, and if we assume that the central bank did not receive the banknotes (the damaged banknotes in 2013) or the last receipt, the banknotes will cause more problems," said Ihsan al-Yasiri, director general of the central bank, in a press conference. Rot, and will constitute damage to the treasury of Rafidain Bank, and will pass the loss to the owner of the bank, which is the Ministry of Finance so the central bank received and conducted the process of replacement .
    For his part, said the Director General of the Legal Department in the bank, Mustafa Ghaleb, "Article 33 and Article 34 of the law of the Central Bank of Iraq No. 56 of 2004 was clear on the replacement of paper currency and cash damaged and is considered one of the core duties and functions of the Central Bank of Iraq based on the law " .
    He added that "this process is carried out by the mechanism and controls and instructions issued by the issuance department and the treasury in the bank, which has implemented instructions on the subject in question," noting that "all procedures related to the replacement of currency in a timely manner in 2013 took place in accordance with the law and instructions and controls ."

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    Rocky
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    Posts : 280906
    Join date : 2012-12-21
    • Post n°2

    Central Bank: The process of exchange of banknotes takes place daily Empty Central Bank confirms that the process of replacing damaged funds "legal and according to the contro

    Post by Rocky Thu 15 Nov 2018, 2:46 pm

    Central Bank confirms that the process of replacing damaged funds "legal and according to the controls"


    Thursday 15 November


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    revealed the Iraqi Central Bank , on Thursday, for the reasons that prompted him to replace banknotes damaged in 2013, confirming that all procedures relating to the replacement of those securities "took place in accordance with the instructions and rules of law." 

    "The cash exchange process is a daily function, and if we assume that the central bank did not receive the banknotes (the damaged banknotes in 2013) or the last receipt, the banknotes will cause more problems of rot," said Ihsan al-Yasiri, director general of the central bank, And will constitute damage to the treasury of Rafidain Bank, and will pass the loss to the owner of the bank, which is the Ministry of Finance so the central bank received and conducted the process of replacement.

    For his part, the Director General of the Legal Department in the bank that "Article 33 and Article 34 of the Iraqi Central Bank No. 56 of 2004 was clear on the replacement of currency and cash damaged, which is considered the core duties and functions of the Central Bank of Iraq based on the law. 

    He added that "this process is carried out by the mechanism and controls and instructions issued by the issuance department and the treasury in the bank, which has implemented instructions on the subject in question," noting that "all procedures related to the replacement of currency in a timely manner in 2013 took place in accordance with the law and instructions and controls."



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