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Currency damaged problem experienced by the citizen
Baghdad / Ghazanfar defect
Kia car stopped midway forced all passengers to disembark after scuffles, the amount of 1,000 dinars was enough to ignite a sharp disagreement between the driver and one passenger car after the last payment of 1,000 dinars ripped refusing to change pretext that most of the currency is damaged.
This problem is repeated with all citizens in every time and place, the employee Mayada Mohamed says in her "long" "Take the four cars in the day when you go back from my work and the problem of money damaged repeated every day.
And wondering, "Why not exchanged between each period and another. Especially small groups because they are more widely used.
Inflation and currency damaged
For his part, member of the Association of Iraqi private banks Anwar Mustafa in his speech for the "long" that "inflation is an essential part in the problem of the damaged currency, explaining that" the damaged composed because of currency and an enormous mass of money circulating in the market. "
Adding that "the mechanics replaced a great burden on the central bank and the government and private banks, suggesting" replaced coin instead of paper and remove the zeros to that amount of cash will be in the market lower.
Explaining that "package mechanisms to solve this problem linked multiple third-governmental and not responsible for them a particular sector and those responsible for the currency and movement are banks, borders and economic environment, control and audit."
Noting that "the mechanics of changing the currency almost agreed a matter of time after placing control mechanisms so as not to spill the converted currency by the Central Bank"
Small currency more susceptible to damage
Economic Raad al-Janabi told the "term" that "small currency is more susceptible to damage, such as class 250 and 1000 dinars .. The more value be less susceptible to damage and paper currency, while up to a certain stage of the damage should be replaced."
He stressed that "the currency represent Iraq as a state and the people and the civilization it is shameful to find papers torn and collage and appearance offends the feelings and affects the aesthetic concept of things."
Specifications currency good
Professor of economics at the University of Mustansiriya Maytham Ismail al-Tamimi said the "long" specifications currency good, adding that "the Iraqi currency current made of paper is tamper-proof and can not be easily damaged and light transport and trading and easily distinguish between different categories in terms of color and size," noting that "These specifications rather than monetary value."
He said Tamimi, "The currency exposed to damage in general and in all countries of the world, even if we compare the current currency Balti was used prior to 2003, we find that the currency currently holds the international standards of good, because the old was printed Bmtaba local and colors were not authentic and the nature of the paper was not based not with international standards ".
He explained that "the proportion of currency damaged Iraq today are few and even they are damaged they are powerful Ibraa legal and remain valuable even if Ttaul economy. Stressing that" the monetary authority should accept this currency without differences and when replaced in the bank must replace the same amount of material and without paying any difference because it is issued by a state which is a legal entity. "
Illegality
The Tamimi said that "refusal to deal currency damaged is legal error and is not permissible, pointing out that" the rejection of banks currency exchange damaged illegality. "And said the" replacement does not mean issuing currency or print a new currency does not affect the economy and the market anything. "The CBI announced last month signed a contract with a British company to replace the currency damaged with new ones, stressing that the replacement process will be the beginning of the month of November, as pointed out that these currencies are only 1% of the currency in circulation in the market. said bank vice governor Central appearance of Mohammed Saleh in an interview, "The Bank has contracted with a British company specialized printing currency to print in small denominations which the 250 dinars and the JD 1000, for the purpose of replacing damaged with new ones," noting that "this company is one of the large companies, which are printed nearly than 60 % of currencies of the world. "Saleh added that" the month of November will start replacing currency damaged with new ones from the small groups, "adding that" all these currencies damaged constitute only 1% of the currency in circulation, which are many but the value of a few . "and citizens suffer from the difficulty of purchasing groups of small markets because of damage and rupture most especially the categories of the 250 and 1000 dinars. carried the CBI, on the tenth of April 2011, bank management responsibility currency traded damaged in the markets, warning of fines on banks uncooperative up to some extent off, as he emphasized that what is being replaced by the damaged currency in the bank does not exceed 30% of the actual damaged.
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Baghdad / Ghazanfar defect
Kia car stopped midway forced all passengers to disembark after scuffles, the amount of 1,000 dinars was enough to ignite a sharp disagreement between the driver and one passenger car after the last payment of 1,000 dinars ripped refusing to change pretext that most of the currency is damaged.
This problem is repeated with all citizens in every time and place, the employee Mayada Mohamed says in her "long" "Take the four cars in the day when you go back from my work and the problem of money damaged repeated every day.
And wondering, "Why not exchanged between each period and another. Especially small groups because they are more widely used.
Inflation and currency damaged
For his part, member of the Association of Iraqi private banks Anwar Mustafa in his speech for the "long" that "inflation is an essential part in the problem of the damaged currency, explaining that" the damaged composed because of currency and an enormous mass of money circulating in the market. "
Adding that "the mechanics replaced a great burden on the central bank and the government and private banks, suggesting" replaced coin instead of paper and remove the zeros to that amount of cash will be in the market lower.
Explaining that "package mechanisms to solve this problem linked multiple third-governmental and not responsible for them a particular sector and those responsible for the currency and movement are banks, borders and economic environment, control and audit."
Noting that "the mechanics of changing the currency almost agreed a matter of time after placing control mechanisms so as not to spill the converted currency by the Central Bank"
Small currency more susceptible to damage
Economic Raad al-Janabi told the "term" that "small currency is more susceptible to damage, such as class 250 and 1000 dinars .. The more value be less susceptible to damage and paper currency, while up to a certain stage of the damage should be replaced."
He stressed that "the currency represent Iraq as a state and the people and the civilization it is shameful to find papers torn and collage and appearance offends the feelings and affects the aesthetic concept of things."
Specifications currency good
Professor of economics at the University of Mustansiriya Maytham Ismail al-Tamimi said the "long" specifications currency good, adding that "the Iraqi currency current made of paper is tamper-proof and can not be easily damaged and light transport and trading and easily distinguish between different categories in terms of color and size," noting that "These specifications rather than monetary value."
He said Tamimi, "The currency exposed to damage in general and in all countries of the world, even if we compare the current currency Balti was used prior to 2003, we find that the currency currently holds the international standards of good, because the old was printed Bmtaba local and colors were not authentic and the nature of the paper was not based not with international standards ".
He explained that "the proportion of currency damaged Iraq today are few and even they are damaged they are powerful Ibraa legal and remain valuable even if Ttaul economy. Stressing that" the monetary authority should accept this currency without differences and when replaced in the bank must replace the same amount of material and without paying any difference because it is issued by a state which is a legal entity. "
Illegality
The Tamimi said that "refusal to deal currency damaged is legal error and is not permissible, pointing out that" the rejection of banks currency exchange damaged illegality. "And said the" replacement does not mean issuing currency or print a new currency does not affect the economy and the market anything. "The CBI announced last month signed a contract with a British company to replace the currency damaged with new ones, stressing that the replacement process will be the beginning of the month of November, as pointed out that these currencies are only 1% of the currency in circulation in the market. said bank vice governor Central appearance of Mohammed Saleh in an interview, "The Bank has contracted with a British company specialized printing currency to print in small denominations which the 250 dinars and the JD 1000, for the purpose of replacing damaged with new ones," noting that "this company is one of the large companies, which are printed nearly than 60 % of currencies of the world. "Saleh added that" the month of November will start replacing currency damaged with new ones from the small groups, "adding that" all these currencies damaged constitute only 1% of the currency in circulation, which are many but the value of a few . "and citizens suffer from the difficulty of purchasing groups of small markets because of damage and rupture most especially the categories of the 250 and 1000 dinars. carried the CBI, on the tenth of April 2011, bank management responsibility currency traded damaged in the markets, warning of fines on banks uncooperative up to some extent off, as he emphasized that what is being replaced by the damaged currency in the bank does not exceed 30% of the actual damaged.
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