The Central Bank issues a decision regarding the possibility of printing a denomination of 20 thousand dinars during the coming days
The Central Bank issues a decision regarding the possibility of printing a denomination of 20 thousand dinars during the coming days
AM:11:37:29/03/2023
Today, Wednesday, the Central Bank issued a decision regarding the possibility of printing a denomination of 20,000 dinars, expecting a decrease in the difference between the official and parallel exchange rates during the coming period.
The assistant general manager of the investment department in the bank, Muhammad Mounir, said in a press statement followed by NRT Arabia: “The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate,” expecting “a decrease in the difference between the official and parallel exchange rates in the coming period from During the first, second and third packages of the Central Bank, as well as the government’s continuous support.
Mounir added, “The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and the extent of its response and impact on the market is measured, and what are its pros and cons, if any.”
Regarding printing new cash denominations, he indicated that “the Central Bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting,” noting that “the Department of Issuance and Treasurys is working to study the possibility of printing a cash denomination of 20,000 dinars, and in the coming days it will take the decision to print it or not printed.”
Regarding the Central Bank building, he stressed that “work is in full swing and 24 hours to complete it.”
On the other hand, he pointed out, “The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams that are responsible for monitoring the work and performance of banks.”
And he stressed, “The doors and phones of the Central Bank are open to any complaint submitted by the citizen to the banks or one of the financial institutions or merchants, and the complaint is met and urgent action is taken in its regard.”
nrttv.com
