Central Bank plans to change the current currency

Posted by on Apr 22, 2014 | Leave a Comment

onfirmed the parliamentary Finance Committee approved the proposal of the Central Bank in order to reprint a new series of banknotes and change the images, while the central bank began to re-print the banknotes in Iraq.

Said committee member Hassan al-Bayati (time) yesterday that the (bank’s management had submitted a proposal to the Parliamentary Committee requests by the need to reprint banknotes and change the images and replace the images of characters and historical putting pictures reflect the features of a civilized and the Committee agreed to the proposal of the bank)
He added that the (proposed bank is of great significance because it is in the light of technological developments, it reached the world and to preserve the currency from counterfeiting, we need to develop the process of currency in terms of design and features Hvazaaliha of forgery and reprinted again and according to international standards).
For its part, the bank announced intimacy with him to re-print the pictures of new banknotes and protect more At the time indicated that the currency will continue to be traded now, confirmed that the new currency will help the blind to see the value of these categories.
The bank said in a statement yesterday that the (re-print the new series of banknotes of Iraq and the currently circulating pictures of new and superior protection, using a good quality of printing paper, with the inclusion of the two dates Hijri and Gregorian and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition after security tags) .
He added that the (banknotes current will continue trading with the new will not be pulling rolling them now or in the future and that the categories of the 250, 500 and 1,000 dinars has been added to signs of a new security which bristles color visible and invisible signs circular for the visually impaired blind in addition to coating the banknotes paint shield to protect it of dust, as well as ensure the thread width 1.2 mm)
The statement noted that he (has been added to the IPL colorful visual and non-visual classes 5000 and 10,000 and 25,000 dinars, and signs for the visually impaired and coating to protect it from dust and thread bar for protection with a picture of the Palm and Animations and colors changing different for different denominations of the three was to add a high protection known globally Bspark).
He explained that he (was change the image of the Arab world, al-Hasan ibn al-Haytham in the paper category of 10 000 dinars to the image of the Freedom Monument in Baghdad artist Jawad Salim, in addition to modify the image of agriculture and the field in the category of 25 000 dinars, which will be charged farming pitcher of water appears behind a tractor plowing new land ).
To announce that the Industrial Bank of the Ministry of Finance continue to grant loans to citizens, amounting to 15 million dinars.
The general director of the Industrial Bank Mohamed Abdel Wahab said in a statement yesterday that the (bank granted during the months of January and February two 544 loans to citizens and merchants industrialists through bank branches scattered in Baghdad, adding that the total amount of these loans amounted to 18 billion and 849 million and 100 000 dinars ).
He noted that the (bank’s ongoing grant loans to all segments covered by the grant in accordance with the mechanisms and controls established by taking into account the bank thus reducing red tape through the stages of the progress of the transaction through bank branches down to the General Administration). 

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