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Thread: Conscious / Deputy calls for non-exchange of new currency: must print others without the name of the governor

  1. #1
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    Default Conscious / Deputy calls for non-exchange of new currency: must print others without the name of the governor


    Conscious / Deputy calls for non-exchange of new currency: must print others without the name of the governor
    10/8/2018


    MP Ali al-Zein called on Monday not to exchange the new currency bearing the name of the governor of the Central Bank, stressing its isolation and printing another new without the name of the tripartite governor.

    Ali al-Zein said in a statement carried by the Iraqi News Agency Information, conscious that "there is considerable opposition to the name of the governor of the Central Bank on the new currency," noting that "it is not reasonable to put the triple name on a currency will be traded by Iraqis for a long time," calling for " Currency and descent and circulation in the street. "


    He stressed the need to "isolate and print another new without the name of the tripartite governor."

    The Central Bank of Iraq announced on Sunday its second edition of the banknotes of the categories (25000, 10000, 1000, 500 and 250) dinars, stressing that he will continue trading the banknotes currently traded from the above categories with the new categories without any intention to withdraw from circulation.

    The bank said in a statement that "for the categories (25000, 10000, 500, 250) dinars, included the writing of the name of the governor instead of signing in the old version, in line with what is now practiced in other countries, and the dates were amended Hijri and Gregorian dates (1440 H-2018 CE) ".

    http://www.al-iraqnews.com/news/newwss/economic-news/236682-%D9%88%D8%A7%D8%B9-%D9%86%D8%A7%D8%A6%D8%A8-%D9%8A%D8%AF%D8%B9%D9%88-%D8%A7%D9%84%D9%89-%D8%B9%D8%AF%D9%85-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%8A%D8%AC%D8%A8-%D8%B7%D8%A8%D8%B9-%D8%A7%D8%AE%D8%B1%D9%89-%D8%AF%D9%88%D9%86-%D8%A7%D8%B3%D9%85-%D8%A7%D9%84%D9%85%D8%AD%D8%A7%D9%81%D8%B8.html

  2. #2
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    Default Re: Conscious / Deputy calls for non-exchange of new currency: must print others without the name of the governor


    The Central Bank explains why the name of the governor is written on the new currency
    108/2018


    {Baghdad: Euphrates News} explained the Central Bank of Iraq, the reason for mentioning the name of the governor of the bank agency {Ali Alaq] on the second edition of the new Iraqi currency.

    A statement issued by the bank received the agency {Euphrates News} a copy of it that "the basic functions of the work of the Central Bank of Iraq and provided for in Article IV of Law No. 56 of 2004 amending the [issuance of the Iraqi currency and management and as stated in Articles 32 and 33 of the same law) where the Central Bank The Iraqi alone without the right to issue currency currency paper and metal for the purpose of circulation in Iraq. "

    "The CBE also has the right under the regulations to determine the categories of paper and metal currencies, their measurements, forms, material, content, weight, design and other features."

    The statement pointed out that "the banknotes in various countries contain the signature of the Issuing Authority, which is the Governor of the Central Bank. Central banks have always put signatures of their governors on these securities in different forms.

    The name is in the hands of the governor in a form that combines the name with a significant signature for the banknotes, and many central banks use this combination {name of the governor by hand} without signing to document the stage of issuance of the banknote.

    He noted that "the same formula was signed by the Governor of the Central Bank of Iraq in 1964 and followed the approach of the central banks of Egypt, Saudi Arabia, UAE, Lebanon, Turkey and others, so the Central Bank of Iraq decided to include the name of the governor when reprinting or issuing any cash, I found in the signature alone the lack of meaning required by the word {governor} on the banknote.

    He noted that "the currency committee of the Iraqi Central Bank concerned has taken this decision for months in accordance with all legal considerations, organizational, technical and international practices."

    The Central Bank of Iraq recently issued its second edition of the banknotes of the categories {25000, 10000, 1000, 500, 250} dinars, indicating that the variables on the above categories were as follows, for the categories {25000, 10000, 500, 250} , Which included the writing of the name of the governor instead of signing it in the old version, in line with what is now practiced in other countries, and the dates were amended AH and the Gregorian to the dates (1440 H - 2018 AD)

    The currency included the name of the governor of the bank and agency, which belongs to the Islamic Dawa Party Hafeeh Economists and criticism from the House of Representatives who filed a request to stop trading and dealing in currency New.

    The economic expert Louay Khatib, yesterday, the existence of the name and signature of the Governor of the bank on the currency, as "a dangerous precedent and a violation of all contexts universally recognized and Iraqi except dictatorships," calling for "to be the signature of the Iraqi currency by the Minister of Finance by title without mentioning the name, And destroy this new version and correct this grave error. "


    http://alforatnews.com/modules/news/...storyid=176929

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