Economist calls for Iraqi banks to deal with small class currency to satisfy the need of the market

Posted by on Oct 29, 2013 | Leave a Comment

October 24, 2013
Economist calls for Iraqi banks to deal with small class currency to satisfy the need of the market
BAGHDAD – ((eighth day))

Economic expert called Ahmed, today, Iraqi banks to deal in the same category currency from the central bank to satisfy the need of the market, stressing the need to receive large numbers of the central bank and put it on the market.

The said that “most of the banks do not receive a paper currency with a small class (250, 500 and 1000) dinars, the central bank and to go ahead deal out, Maady to scarcity in the Iraqi market.

reason for the scarcity of small-class currency in the Iraqi market, to the unwillingness of banks to deal and do not receive from the central bank.

He added: The scarcity of this category resulting in damage to trade, noting that the citizen can replace damaged currency has new ones through banks an easy and legal treatment.

The Finance Committee confirmed that the reasons for the scarcity of the currency with small groups to speed damaged, prompt the central bank to print new ones and pull the damaged them to create a balance amount in the Iraqi market categories.

 

==Alternate Article===

Expert: the scarcity of small-class currency due to the unwillingness of banks to deal with the
24-10-2013 10:30 AM

Baghdad (news) .. Attributed the financial expert Ahmed ابريهي, the reason for the scarcity of currency with a small category in the Iraqi market, to the unwillingness of banks to deal and do not receive from the central bank.

said ابريهي (of the Agency news): Most banks do not receive paper currency small, category (250, 500 and 1000 ) dinars, from the central bank and to go ahead to deal with, Maady to scarcity in the Iraqi market.

called ابريهي: Iraqi banks that receive large numbers of currency with a small category of the central bank and posed in the market to satisfy the needs, noting that the move will allow the bank to know the market need currency and increase printed.

added: The scarcity of this group led to the damage ماموجود trading, indicating that the citizen can replace the currency damaged has a new one through banks treatment easy and legal.

noted that the Finance Committee confirmed that the reasons for the scarcity of currency with small groups to speed damage , prompt the central bank to print new ones damaged and pull them to create a balance amount in the Iraqi market categories.

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