Central Bank: We will not receive the old currency after you delete the zeros of the citizens only by banks

Central Bank: We will not receive the old currency after you delete the zeros of the citizens only by banks

Sunday June 24, 2012

BAGHDAD – and babysit – said the CBI to hand over money when you switch the currency will be exclusively from banks to prevent the entry of counterfeit currency.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a press statement: “The project currency exchange will continue for ten years, but indirectly, to enable the citizens to take an adequate opportunity for anyone who is in the special circumstance of them,” he said, adding that refrain from receipt of the money directly from the citizens is one of the effective means to prevent the entry of counterfeit currency to the bank.

He continued: “There is a question about the possibility of the Central Bank and institutions Chirfah over control of the entry of counterfeit currency during the process of switching the currency after you delete the zeros of which, the answer is that the central bank adopted the technology to check the money in addition to other measures / not mentioned /”.

Saleh explained that: “Under Article 37 of the Central Bank of Iraq Law No. 56 of 2004, the bank-oriented and experienced in the field of work, which is producing a public good called money and maintain stability in the market in addition to monitoring and supervision.”
Source” alrayy