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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

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The central bank reveals a new denomination of the currency and is working on issuing a digital one

rocky
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The central bank reveals a new denomination of the currency and is working on issuing a digital one Empty The central bank reveals a new denomination of the currency and is working on issuing a digital one

Post by rocky Tue 27 Sep 2022, 7:22 am

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  • Time: 09/27/2022 

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{Economic: Al Furat News} The naked central bank revealed a new denomination of the Iraqi currency.
In his speech during the Al-Rafidain Forum for Dialogue, the Governor of the Bank, Mustafa Ghaleb, said: "We are working on a new currency, a category of 20 thousand dinars, after studies in order to keep pace with the requirements and to match the neighboring countries."
"We will start announcing the new category after completing its requirements," he added.  
He stressed that "there is no intention to reduce or change the exchange rate of the dollar against the Iraqi dinar."
Ghalib revealed that "the Central Bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world," adding, "But so far, there is no specific orientation, dates and controls for issuing digital currency in the country, and we are working during the coming period on these controls to keep pace with the countries of the region and reduce the practice of dealing." cash by issuing this digital currency.”
Ghaleb pointed out that "deleting zeros from the currency is a previous project submitted by the Central Bank and requires amendments and requires legislation," stressing that "the atmosphere must be provided to accept such transactions."
And he said, "We reduced the interest rate on loans provided to finance projects in the initiatives of the Central Bank, and we worked to implement international standards to combat money laundering."
He explained that "Iraq's exit from the European Union's list of high-risk countries gives [You must be registered and logged in to see this link.] to the movement of the economy and the financial and banking sector."
It is noteworthy that Iraq owns 7 categories of local currency issued by the Central Bank of Iraq are {250 dinars, 500 dinars, 1000 dinars, 5000 dinars, 10,000 dinars, 25000 dinars, and 50,000 dinars).
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