The Central Bank issues a decision to cover the market need of small monetary categories
Economy News _ Baghdad – The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.
“In order to cover the market need of new banknotes for small cash denominations” 250, 500 and 1000, “it was decided to cancel the shortage that may appear in bank deposits of small cash denominations for a limited period,” the bank said in a statement received by the Economy News. , Indicating that “it comes to achieve the desired goal of withdrawing the damaged cash currency in circulation.”
He added that “the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines.”