Experts calling on people to handle small currency
Experts calling on people to handle small currency
Economists called for citizens to address the category of currency and small to support the value of the Iraqi dinar, with the exchange of the citizen and the bank's responsibility not to accept the circulation in the market, while the central bank pledged replace currency damaged. A number of experts, by (the Agency news):
Few of these groups led to the forced some sellers to increase the price of the material sold.
The general director of Bank of Iraq and the Agency Zia Alckheon, according to the Agency (news): The Iraqi banks are full of currencies, small category (250, 500, 1000) dinars, but the lack of demand and wide to it by the citizens and even the staff led to the accumulation, indicating that government departments refuse to receive their salaries, estimated at billions currencies even by a small (5%) of them.
He Alckheon: that the small coins in the Iraqi market is almost missing but are available in banks and dramatically.
He Alckheon: When we spend our salaries (inlaid) currencies are small complaints to us by the citizens and staff, so we have to pay the salaries of major currencies only.
For his part, central bank adviser said the appearance of Mohammed Saleh: that this small change has not been returned from the banks to the Central Bank until Nawwadha currencies new, noting that the banks receive only coins large as the smallest amounts and the costs of counting and sorting easier, that's what led us to that re-structure of the Iraqi currency deleting three zeros from the currency.
Saleh added: We set aside one day a week to receive these currencies from banks and small damaged Nawwadha categories of modern and without any costs, noting that the central bank is ready to provide the banks with any small amount of currency.
He said if we compensated the banks of small groups there is no need to print currency and category with an average (2000.3000) dinars.
He explained: if there were an average currency that does not mean that the Iraqi currency will strengthen, but merely a means to facilitate the payment of coins.
He pointed to the metal if the groups are working to make it easier for us by a lot of things because the old chief extends to more than (15) years.
The Chairman underlined the Economy Bank Hussam Ali Obeid to the need to return the coin, as was the case in the past to strengthen the Iraqi dinar.
Ali said: that the small coins are acceptable in the Iraqi market if it has value, and called to have a plan to make the dinar's value compared to the dollar and this is by printing Coins to strengthen the Iraqi currency.
For his part, said Mohammed Jabbar (retired): Most of us pay the disposal of banks of currencies with small groups and contain a lot of damaged banknotes, so that some can not handle it and refused by the sellers.
As pointed out by 'Ali (Abu Hussam) that the lack of small groups in the local market generates considerable embarrassment when buying any material which results in a forced seller to increase the price of the material sold.
