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Friday, November 13, 2015

TNT:50,000 dinar note what it means, 13 NOV

Detection picture of the new dinar category 50 000 .. and its effects on the market

Thursday, November 12.2015
 


The day has been detected for the new currency Photo category 50,000 dinars former economist at the Central Bank of Iraq on behalf of Abdul Hadi pointed out that the issuance of this class will not contribute to the stability of the market, stressing that large transactions are covered through the dollar. 

It has a face of the banknote on the schematic picture of a paddle wheel Euphrates and palm trees in the middle and a picture of a Kurdistan Falls. The back of the paper contained a schematic picture of the Iraqi Marshlands include reed house and a number of fishermen and a group of animals (buffaloes and birds) and a picture of a palm Iraq with Tigris and Euphrates rivers planning within the map of Iraq. 


For his part, former economist at the Central Bank of Iraq on behalf of Abdul Hadi, Thursday, that the issuance of 50 000 dinars category will not contribute to the stability of the market, stressing that large transactions are covered through the dollar.
Said Abdul Hadi in an interview with Alsumaria's News, said that 'the issuance of monetary Category 50,000 dinars by the Central Bank will not contribute to the reduction of non-market stability, especially price index of the market and inflation', adding that 'there are changes in the data economies on the ground and contraction Iraqi economic reality '.
He added that Abdul Hadi 'cash this category would raise imposed on a bank in the management of operational costs and currency regulation', explaining that 'there will be no desired results to facilitate transactions'. 


He pointed out that Abdul Hadi 'category currently cash in circulation, amounting to 25 000 dinars are sufficient to deal them through individual and corporate transactions, while the big deals are covered through the dollar. "
The Central Bank of Iraq, 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. LINK

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