Central Bank: the issuance of a class of 50 000 dinars, not accompanied by the withdrawal of any other category of trading

2015-11-25 19:05:33


| (Voice of Iraq) - Baghdad

The Central Bank of Iraq, on Wednesday, that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trade, pointing out that the issuance of this class or any other class does not affect the inflation and deflation.

The bank said in a statement that "the new banknote to the category of 50 thousand dinars will complete the banknote series currently in circulation and will increase its ability to meet the requirements of the public, and that the issuance of this class or any other class will not be accompanied by the withdrawal of any class of trading."

He said the bank, that "the printed banknote and put it in the trading process (released) are not related to the topic of public spending and not unrelated to state resources or to strengthen their capacity in spending," adding "there is a link between what is marked by the Central Bank of banknotes, and between the cash version achieved as a result of withdrawals from banks balances has. "

He continued, "The issuance of this paper or any paper higher or lower value is not connected with nor impact on the economic situation, or in inflation or deflation."

The Central Bank of Iraq, on Wednesday (November 11, 2015) for issuing a new banknote fifty thousand Dinars category, attributing this to the completion of the Iraqi Securities monetary structure and the development of high value in the trading category.


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