The Central Bank eliminates the fine shortage of deposits of small categories of bank
The Central Bank eliminates the fine shortage of deposits of small categories of banks
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September 23, 2019
The Central Bank eliminates the fine shortage of deposits of small categories of banks
In its endeavor to cover the market need of new banknotes for small cash categories (250, 500, 1000), the Central Bank of Iraq decided to cancel the fine that may appear in the deposits of banks licensed by this bank of small cash categories and for a limited period, in order to achieve the desired purpose of withdrawing the currency Damaged in circulation
The bank would also like to show that the counting of banknotes damaged for these categories requires time and effort from the competent staff for the difficulty of counting in the counting machines.