CBI announces employing two companies to maintain currency

CBI announces employing two companies to maintain currency

Are GMT 06:59 2016 Wednesday, April 13 / April

Governor of the Central Bank of Iraq on the Keywords

BAGHDAD - Najla al-Taie

The Governor of the Central Bank of Iraq on the Keywords, on the use of two companies Germanies to keep the banknote, and expressed his eagerness to prevent the forgery of Iraqi currency through the use of signs "complex", as expressed surprise at the salary payments to the dollar as an encroachment on the sovereignty of calls and assured the German ambassador in Baghdad , Eckhard Preveza, that Iraq has a lot of ports that help him to cross the financial crisis.

he revealed on the Keywords in a speech during a workshop with my company (SPM) and (G YAG), the two Germanys hoc wanted to put signs on the leaves cash to protect them from fraud, and said that the central bank aspires and strives to maintain the banknote through the use of the latest mechanisms and instruments adopted in the countries of the world , "stressing that the cooperation with the two companies is the best proof of how keen Iraq on banknote fact that these two known instances companies globally .

Keywords and added that the bank will put a lot of tools in the Iraqi currency , which we are keen and strongly not to forge cooperation with friends in the specialized companies , "adding that the central bank 's tasks is to organize and progress monetary policy and that Iraq exceeded a lot of crises in this file.

he Keywords for surprised at the calls from some people , including politicians to use the dollar as the currency of a foreign traded between citizens mainly through the payment of salaries, they returned to it , "exceeded the sovereignty", and stressed that the bank is working to keep the national currency , which is the Iraqi dinar, pointing out that it is abnormal neglect or cornerstone, stressing the need to "support and strength," said the central bank 's cooperation with the company (LG YAG) closely featuring put security tags for a number of Iraqi currency ten thousand dinars as a class. "

Keywords" the company itself put signs and indications of security outweigh the located in the euro currency signs , "pointing out that" the Iraqi dinar put those signs that are difficult to counterfeit being very complicated before they are placed on the euro , "stressing at the same time," We monitor continuously the Iraqi currency and Maatro them again . " .

and announced the issuance of banknotes category (50) thousand dinars, and as pointed out that the new category is dominated by light brown with included a number of security and technical marks, stressing that the paper included photographs planning to paddle wheel of the Euphrates and the marshes of Iraq.

gave the German ambassador in Iraq , Eckhard Preveza in a speech during the conference, thanks to Iraq to confidence in German companies, pointing out that Germany seeks to support Iraq by urging specialized companies to work in Iraq, especially in the financial sector as has long sold the work, and expressed the hope that the improved economic situation in the the world, stressing that Iraq has a lot of ports that help him cross the financial crisis. it is

noteworthy that the central bank governor on the Keywords, announced earlier, the launch of the Central Bank for the years strategy 2016 - 2020, and stressed that the strategy was launched in accordance with a clear vision and guaranteed adopts control and follow - up real financial situation of Iraq, as revealed by the Central Bank 's intention to sell bonds to the public $ 7 trillion dinars during this year, while directed cell crisis , the Ministry of Finance and the Central Bank to issue bonds and national treatment benefits companies Contractors, the document noted that the annual interest rate for these bonds amounting to 5 %, while a source familiar said that the value of bonds of up to about one billion and 500 million dollars.

She explained the document, the crisis cell and during its seventh meeting chaired by Prime Minister Haider al - Abadi and directed the Ministry of Finance and the Central Bank to issue national bonds in Iraqi dinars to tackle entitlements Contractors companies annual interest rate of 5 % have maturity period of two years after the date of issue, the document added, that these bonds are tradable and can be used as collateral to get loans from banks, pointing out that the crisis cell set interest rates for those bonds trading by 8% during the year , "indicating that the value of those bonds may reach about one billion and 500 million dollars.