The central bank issues a decision to cover the market need of small cash categories

The central bank issues a decision to cover the market need of small cash categories

2019-09-23

The central bank issues a decision to cover the market need of small cash categoriesThe Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new securities for small cash categories.

The bank said in a statement that “in order to cover the market need of new notes for small cash categories” 250, 500, 1000 “it was decided to cancel the fine shortage that may appear in the deposits of banks licensed small cash categories for a limited period,” indicating that “this comes to achieve the end To withdraw the damaged currency in circulation. ”

He added that “the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines.”

It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate.

burathanews.com