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Hue Mi
10-24-2013, 09:42 PM
Expert: lack of currency of the class small due to the unwillingness of banks to deal (http://www.ikhnews.com/index.php?page=article&id=105392)

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24-10-2013 10:30 AM

Baghdad (newsletter). See financial expert Ahmed ibraihi, because of the scarcity of currency of small class in the Iraqi market, to the unwillingness of banks to deal with and do not receive from the Central Bank.

Said ibraihi (News Agency): most banks don't receive the paper currency of small category (250, 500 and 1000), the Central Bank and to go ahead, led by either in the Iraqi market.

Called ibraihi: Iraqi banks that received large numbers of small class of the currency the Central Bank put on the market to satisfy his need, indicating that this procedure will allow the Bank to know the market need of currency and printed.

He added that the scarcity has led to corruption since being traded, noting that citizens can replace damaged currency has another new banks treatment easy and legal.

The Finance Committee has confirmed that the cause of the scarcity of currency with small groups to perishability, prompting the Central Bank printed new ones and pull the damaged ones to balance the quantity of categories in the Iraqi market. /finished/5 l. Eng.