INSTRUCTIONS AND STANDARDS FOR THE CIRCULATION AND EXCHANGE OF BANKNOTES AND COUNTING AND SORTING MECHANISMS BY MNT GOAT, 22 JAN

 INSTRUCTIONS AND STANDARDS FOR THE CIRCULATION AND EXCHANGE OF BANKNOTES AND COUNTING AND SORTING MECHANISMS♦ 

Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms. For more, click here

The manual is very long as it is 11. You can click on the link above to see the entire manual, however it is in Arabic and will need translation. I have translated some of it to get a feel for it. But it is not about the RV. It just lends clarity to the citizens as they are turning in old 3 zero banknotes.   

Date: 1/15/2024

All licensed banks provide instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms

Kind regards…. Later, with our circular No. 2/9/20 dated 1/15/2023 regarding unifying and updating the controls and instructions for the standards for the circulation and replacement of banknotes, we attach to you the principles, standards and instructions that will be adopted in

Counting, sorting, receiving and delivering banknotes, we hope to carry out.

Please review and act accordingly, with appreciation.

Escorts

Instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms.

Mr. Dr. Ammar Hamad Khalaf

Page 1

 Instructions and standards for circulation and exchange of banknotes and counting and sorting mechanisms

The Central Bank of Iraq, in accordance with its amended Law No. 56 of 2004, is responsible for determining the denominations of Iraqi paper and metal currencies, their standards and shapes, printing paper banknotes, and minting coins. It is responsible for destroying and replacing them and identifying defective ones, and it may refuse to replace those paper or metal currencies or They will be confiscated if the conditions described in these instructions are met and that the Iraqi banknotes are homogeneous in their various denominations, have absolute discharge power and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public.

Discriminating between their denominations by imposing a specific denomination on the public or refusing to receive a specific denomination is unlawful. It is acceptable and is considered a violation of the law. We ask all banks to adhere to the instructions and standards for trading banknotes And replace them with counting and sorting mechanisms as shown below: see the entire manual by clicking on the link above.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/