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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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Central Bank: Printing the new category will not affect the value of the Iraqi currency

rocky
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Central Bank: Printing the new category will not affect the value of the Iraqi currency Empty Central Bank: Printing the new category will not affect the value of the Iraqi currency

Post by rocky Fri 07 Oct 2022, 5:04 am

[size=46]Central Bank: Printing the new category will not affect the value of the Iraqi currency[/size]
Economie
20:21 - 06-10-2022
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Today, Thursday, the Central Bank of Iraq confirmed that the new twenty thousand category will carry high security marks, and while he pointed out that there is no tendency to print a category higher than 50 thousand, he revealed that the volume of money circulating in Iraq is 84 trillion dinars.
Central Bank Adviser Ihsan Shamran Al-Yasiri said that "the printing of the new 20,000 dinars denomination is part of the normal monetary practices of the Central Bank and within the framework of reconsidering the structure of the national banknote series."
He added, "This category will be an intermediate currency structure and will be enhanced with high security marks from the latest globally, and will provide an addition to smaller denominations such as the five thousand and ten thousand."
He added that "the denomination of twenty thousand will be of the (standard) size under which the denomination of fifty thousand was printed, and it will also bear Iraqi features, as was done in the currencies that preceded it," noting that "there is no current trend to reprint the current currencies with new copies."
In response to a question about the possibility of issuing higher categories, between Al-Yasiri, that "the 50 thousand category is sufficient at the present time for the upper limit of the Iraqi currency, which is a very strong and sober category and can be used for storage, savings and cash transactions."
He pointed out that "the size of the monetary mass circulating in banks and the public currently ranges between 83-84 trillion Iraqi dinars, and the new issuance of the 20,000 denomination will not change much of the volume of circulation because it will enter into the existing liquidity."
He stressed that "the printing of the new category will not affect the value of the Iraqi currency and will not cause inflation, and the issue of inflation is linked to economic policies and has nothing to do with monetary circulation."

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