D. The appearance of Mohammed Saleh: new editions of the coin challenge of fraud
D. The appearance of Mohammed Saleh: new editions of the coin challenge of fraud
4/10/2014 0:00
With ready Central to launch other amounts, including six categories of
Baghdad – the joy of pumice in line with steps taken by major countries to protect their currencies traded in the market, stepping CBI about cemented the national currency, which promised financial expert specialist “new generation” of the coin carries all international standards, assured citizens that there was no negative repercussions for this important step. was the Iraqi Central Bank announced yesterday (Tuesday), re-printed banknotes Iraqi pictures of new and superior protection. currency management financial expert, the appearance of Dr. Mohammed Saleh said “morning”: “The basic functions and routines of the monetary authority (central bank) is issuing cash, and is one of its functions and therefore supervision and follow-up and ensure the efficiency of” managing the currency, “so he decided to issue a new generation (of the same coin returned from the cost effective Other) from the Iraqi currency and a world-class, especially after the passage of 10 years to replace it. ” and indicates the central bank said in a statement received “morning,” a copy of it yesterday, that “the re-print the new series of banknotes of Iraq and the currently circulating pictures of new and superior protection, using a good quality of printing paper, with the inclusion of the two dates Hijri and Gregorian and the signature of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed, with the addition of a number of signs of security, “stressing that” the banknotes current will continue trading with the new will not be pulling rolling them now or in the future. ” global specifications Saleh added that “the existing currency in circulation bear all international standards do not exist any defects, but with the advancement of technology around the world, especially in the printing of denominations and related properties of safety (Safety Features) high quality must keep pace with this development after it was printed currency poor before 2003 are not subject to international standards. include re-printing “categories of the 250, 500 and 1,000 dinars after the addition of the signs of a new security upon which bristles color visible and invisible signs circular for the visually impaired (blind), in addition to coating the banknotes paint shield to protect it from dust, as well as a string ensure width of 1.2 mm with a picture of the Palm and Animations and colors variable different for different denominations of the three, as well as the addition of high mark protection universally known as “Spark.” not to worry and assured the concerned citizen about the new edition and considered the subject of a routine and do not worry about, pointing out that the advancement of technology and the evolution of machines print the currency led to the development of generations Print Currency, as in the experience of the United States a few years ago to change the edition of the dollar in terms of the categories and characteristics of safety, noting that pumping new edition does not lead to inflation, but it is a process to bring the replacement by asking the new currency and the destruction of the corresponding old and gradually over time by the Bank Central, but trading remains constant Batabotain during the current period. also explained that the new editions limit the fraud although uttered in Iraq, which are individual cases and do not pose a threat to the currency market, but caution is required in maintaining the value of the currency and be safe, a strategy important part of the economic security and national levels, he says. payments system and sees the benefit after ten years, is bound to see the Iraqi currency is a quantum leap, especially as the paper currencies, building them short not to exceed 5 years for groups large either small ones do not exceed two years, considering Edition strengthen the efficiency of the new payment system will also see a large receptive by the citizens in the event has been accepted by the institutions of the state. noted that the Iraqi Central Bank was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability The implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.
alsabaah.iq
