The Central Bank Denies “Information” Issuing A New Category Of Local Currency
October 16 14:18 Information / Baghdad.. The Central Bank of Iraq denied, today, Monday, that the bank has any intention to issue a new currency or a small or large denomination during the current period.
A member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, said in a statement to “Al-Ma’louma” that “talk about issuing a new currency by the Central Bank of Iraq is not true at the present time.” Berihi added, “If a new denomination of currency is issued, whether small or large, it will not affect the exchange rate of the dollar against the dinar, but rather it will only serve and facilitate transactions in the simple market.”
A member of the Board of Directors of the Central Bank of Iraq pointed out that
"the Iraqi currency is stable and the existing denominations are sufficient."
A member of the Parliamentary Finance Committee, Representative Nermin Maarouf, announced in press statements that
the committee will discuss with the Governor of the Central Bank the feasibility and motives behind taking the decision to issue the 20,000 dinars denomination, the
financial value of this denomination and other details related to its expected issuance. Ended / 25 AD
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