Finance Committee: CBI to pump small class dinars (250,500,1000) into markets

Posted: September 21, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-09-21 at 10.35.05 AMFinance Committee: rapid damage of small groups dinars behind either in the domestic market

21-09-2013 10:40 AM

Baghdad (newsletter). The parliamentary Finance Committee attributed the reasons for the dearth (scarcity) of small groups in dinars, [in] the local market [due] to perishability, prompting the Central Bank to print new currency and drag the damaged ones to balance the quantity of categories in the Iraqi market.

The Vice-Chairman of the Committee, said attorney Ahmed Hassan (News Agency): most of the citizens and shopkeepers and city buses with a scarcity of small groups especially dinars (250) (1,000) dinars because of perishability.

He added that the Central Bank is printing new currencies with small classes, good quality and [will] replace damaged categories for the purpose of creating a balance in the local market with quantities traded dinars.

This and a number of citizens have complained about the lack of currency of small groups (250, 500, 1000), demanding the Central Bank pumped more quantities on the domestic market.

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