Central Bank eliminates fine interpolation to replace damaged currency
Central Bank eliminates fine interpolation to replace damaged currency
28/10/2014 13:22
BAGHDAD / obelisk: CBI decided, on Tuesday, met the abolition of the fine on the money for the purpose of damaged replace them with new ones.
The bank said in a statement: “obelisk” I got a copy of it, he “decided to cancel the cancellation of the fine imposed on the damaged currency securities are met, in order to encourage banks and financial institutions on the securities and cash received damaged and damaged and burnt from the public.”
“As the banks were reluctant received from the public, claiming to impose a fine.”
The bank confirmed that he is trying to “clean up the trading of banknotes damaged and burnt and damaged in the markets.”
Paper currency in Iraq and exposed to damage, because of the quality of the paper used in the industry, according to specialists in printing, so that they assert that those responsible for the Iraqi currency printing process to not possess expertise in this area.
almasalah.com
