50 thousand dinars category will not be accompanied by the withdrawal of any other category
Central Bank: the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trading
11/25/2015 10:04 GMT
Follow-up -oreet – Central Bank of Iraq confirmed Wednesday that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trade, pointing out that the issuance of this class or any other class does not affect the inflation and deflation.
In a statement, the bank said, “The new banknote for a class of 50 thousand dinars will complete the banknote series currently in circulation and will increase its ability to meet the requirements of the public, and that the issuance of this class or any other class will not be accompanied by the withdrawal of any class of trading.”
He said the bank, that “the printed banknote and put it in the trading process (released) are not related to the topic of public spending and not unrelated to state resources or to strengthen their capacity in spending,” adding “there is a link between what is marked by the Central Bank of banknotes, and between the cash version achieved as a result of withdrawals from banks balances has. ”
He continued, “The issuance of this paper or any paper higher or lower value is not connected with nor impact on the economic situation, or in inflation or deflation,” PSC / h
alrayy.com