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Sunday 21 September 2014
Focused properties that have been developed in the paper on the two main axes; security and technical, and it is intended to increase the efficiency of the currency and add specifications of high security protection, as well as add-ons formality to avoid what she referred to the Securities cod Notes
Asked the CBI weeks before its currency category 10 thousand dinars new look, a measure came to a range of reasons that clarified the bank said in a statement he had issued on 09.09.2014 and published on its official website.
Focused properties that have been developed in the paper on the two main axes; security and technical, and it is intended to increase the efficiency of the currency and add specifications of high security protection, as well as add-ons formality to avoid what she referred Notes on old leaves.
The most important of these additions are the replacement image world of optics-Hasan Ibn al-Haytham erect Freedom of the late Jawad Salim, and update dates Islamic and Gregorian (2014 -1435 e) in addition to the security tags Kalhabr magnetic variable color (it changes color when the note is tilted) and transparent window (picture appears minaret when placed on a light background and No. Al10000 when placed on a dark background) as well as prominent signs blind.
According to our point of view, it is a good thing, that the process of replacing the currency with another more efficient and safer, especially if ten years have passed since the issuance of the currency edition of the old, long enough to issue a coin copy of the other, which is what seems to be available in the new currency, and in light of The presence of imaging techniques high accuracy in printing banknotes (banknotes), especially given that there are forgeries were exposed this category in addition to the category of 25 thousand dinars; two more categories that exposed to the counterfeiting, because they are bigger than the rest of the categories, so as to increase the difference between the price printed currency and purchasing power, especially if the work is being pumped into the counterfeit market at prices less than their value in the habit.
With this reservation, that counterfeiting operations witnessed by the Iraqi market, were not large, clear, and did not affect much on the decline in confidence currency, contrast, there is more than one note can Taakhz currency printed edition of the current, first: The currency category 25 000 dinars, which is the largest , and Mntiqa was more beneficial in terms of economic efficiency and the fight against counterfeiting and reduce the effects that are to start on replacing the attributes of a safer and not the category of 10 thousand dinars, unless I want to start this currency because they are less risky, or that the counterfeiting operations that took place was the largest.
Secondly, has been replaced by the signing of (conservative) signed the (conservative agency) and this is a retreat and reminds us, because he will remain registered in the new currency for at least ten years to come, which is a very long time, and it was worthwhile to postpone the procedure to be installed governor authentic.
Thirdly, it was hoped that the issue of the new currency bilingual; Arabic and Kurdish, which is stipulated in the Constitution, and to our knowledge, the project raise zeros (the former) and categories of currency, which was supposed to be issued Duh; at the time of Dr. Sinan Cpie and his deputy, the appearance of Mohammed Saleh,designed to be issued in Arabic and Kurdish, not in one language, that it poses more of a question to be answered (I do not own now), such as, who is responsible for the accountability of the central bank (the parliament or the government) Will was checked or taking their consent! What is the position of the Kurds on this matter! Or that he is not a pal was passed under the most serious problems facing the country!
Fourth: the Tracker, the shape of the currency of the new class of (10) thousand dinars, and most of the signs and security additions such as replacing an image Haytham pitched sound, were present among the proposals of the categories of the currency within the (draft lifting of the zeroes) arises at the time of al-Shabibi and Saleh(the beginnings of the formulation of the project in , 2005, and approvals by Parliament in 2010 and intended to be implemented in 2014), but the project raise zeros was suspended for the existence of objections by the government in a timely manner, despite the foot of the arguments in favor of it was to restructure the currency and address the problem of inflation and reduce the cost of cash transactions and facilitating transactions in addition to its effects psychological positive.
Fifth, there is an intention to complete the replacement of the rest of the denomination as large (25000.5000) dinars, and small groups (1000, 500 250) dinars, in the stage near future, and the addition of signs, security, technical, and most of these amendments agreed a long time ago, and in the Under the project raise zeros itself, but these amendments; their importance, will be carried out without the original project.
In the latter, we hope that the project will be carried at one time, in the sense that is pushing the project raise zeros enriched by the additions and modifications security and technical categories currency so that the project becomes integrated and ensures efficiency and decrease counterfeiting in addition to the virtues of the project raise zeros that we have mentioned, but it seems that the intention gone to stop the project and benefit from part of it.
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