Directive from the Central Bank regarding the 5,000 dinar banknotes
The Central Bank stressed, on Monday, that Iraqi banknotes are homogeneous in all their denominations and are accepted by all its branches, and that the delivery of one denomination and the rejection of another by certain banks is a violation of the law, requesting a list of the names of these banks.
text of document: Date 1/16/2025
Federation of Iraqi Chambers of Commerce / President's Office
m/damaged currency
Greetings.
Your letter No. 1 dated 1/5/2025 regarding banks that refuse to receive small denomination banknotes and the (5,000) dinar denomination.
We would like to inform you that the instructions of this bank stipulate that Iraqi banknotes are homogeneous in their various categories, have absolute legal tender and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public. Discrimination between their categories by imposing a certain category on the public or refusing to receive a certain category is unacceptable and is considered a violation of the law.
We hope you will provide us with the names of the violating banks that refused to receive banknotes. With appreciation. link
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