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The Central Bank intends to issue a banknote of 20 thousand dinars DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Central Bank intends to issue a banknote of 20 thousand dinars

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The Central Bank intends to issue a banknote of 20 thousand dinars Empty The Central Bank intends to issue a banknote of 20 thousand dinars

Post by RamblerNash Tue Sep 27, 2022 9:19 pm

The Central Bank intends to issue a banknote of 20 thousand dinars 4461
Update 09/28/2022 - 3:24 AM
  
Economy News - Baghdad

The Governor of the Central Bank of Iraq, Mustafa Ghaleb, announced, on Tuesday, the bank’s intention to issue a new denomination of the Iraqi currency with a value of 20 thousand dinars, while referring to the choice of Najaf Governorate to open a branch of the Central Bank to cover the Middle Euphrates region.

Ghaleb said in a speech within the work of the "Al-Rafidain Forum", and followed by "Al-Iqtisad News", that "the banking sector is directly affected by the political and security challenges in Iraq," adding that "the banking sector has a role in moving the wheel of the economy, and we have worked to develop the banking sector and build Arab and International Relations Network.

He added that "there is a previous project submitted by the Central Bank regarding the process of deleting zeros," noting that "this matter needs to legislate a law and this project requires some amendments, and that the pursuit of this law needs to stabilize the situation in the country and the atmosphere must be provided to accept such transactions."

He pointed out that "the Central Bank, within the currency chain, is working to complete a new category of 20 thousand dinars based on comparative study and research with neighboring countries and is working to complete the form of the paper."

The Governor of the Central Bank indicated, "The governor of Najaf chose to open a branch of the Central Bank to cover the Middle Euphrates region."

Regarding the exchange rate, Ghaleb said, "We took the decision to change the exchange rate in agreement with the IMF and the government," noting that "the decision to change the dollar exchange rate saved the government approximately 23.5 trillion dinars in addition to government and oil imports."

And the central bank governor went on to say, "There is no intention to reduce or change the dollar exchange rate."

Ghaleb continued, "We reduced the interest rate on loans provided to finance projects in the initiatives of the Central Bank, and launched the Letter of Guarantee platform, which is an important step for the banking sector."

https://economy-news.net/content.php?id=29922
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