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Alsumaria news/Basrah
In Basra, residents expressed Monday, the unease of the resurgence of damage and rupture of small groups of Fiat currency, with the retailers complained of this phenomenon, the Central Bank announced a plan to pull the damaged banknotes and replace them with new ones.
Ali Riaz, said Abbas, a taxi driver, in an interview for "alsumaria news", that "the problem of corruption and tearing banknotes of 250, 500, 1000 dinar have worsened markedly in the past few months", stating that "most of the banknotes in circulation from these groups in Basra damaged and torn and causing us to hunting and sometimes problems."
In turn, said Ghassan Abdul Rahman, owner of a shop selling food in the market, "said Ashar torn currency spread in abundance last recently, we are the most affected," this phenomenon does not affect the work of traders who deal in dollars and cash large Iraqi groups, nor does it affect administrators who get paid large cash categories. "
The associate said the Iraqi Central Bank Governor Zuhair Ali Akbar in an interview for "alsumaria news", "State-owned banks in the provinces did not stop pulling damaged currency from circulation, however we have developed an ambitious plan to print categories of alternative techniques of high quality," adding that "categories that will replace the damaged print on paper the best of paper used to print banknotes for neighboring countries."
Banking expert stressed that he was Director of the Central Bank branch in Basra, "the Central Bank is determined to end this phenomenon."
The banknotes in circulation in the United Kingdom in Iraq by a British company, acquired all of the current paper money much better specifications from specifications that traded until 2004, it was printed during the 1990s in China and Iraq on a lousy paper specifications easy forgery, even though the prevalence of torn and damaged banknotes before 2003, many Iraqis avoid the objection to accept torn banknotes during daily business dealings that previous currency All categories include pictures of the former regime of Saddam Hussein.
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