CBI: We will not print a currency higher than 50 thousand

Baghdad-INA 

The Central Bank of Iraq confirmed, today, Thursday, that the new twenty thousand category will carry high security marks, and while he pointed out that there is no tendency to print a category higher than 50 thousand, he revealed that the volume of cash circulating in Iraq amounts to 84 trillion dinars.

Central Bank Adviser Ihsan Shamran Al-Yasiri said to the laboratory program broadcast by Al-Iraqiya Al-Akhbariya and followed by the Iraqi News Agency (INA), that "the printing of the new 20 thousand dinars denomination falls within the field of normal monetary practices of the Central Bank and within the framework of reconsidering the structure of the national banknote series.".

He added, "This category will be an intermediate currency structure and will be enhanced with high security marks from the latest globally and will provide an addition to smaller denominations such as the five thousand and ten thousand.".

He added that "the denomination of twenty thousand will be of the (standard) size under which the denomination of fifty thousand was printed, and it will also bear Iraqi features, as was done in the currencies that preceded it," noting that "there is no current trend to reprint the current currencies with new copies.".

In response to a question about the possibility of issuing higher categories, between Al-Yasiri, that "the 50 thousand category is sufficient at the present time for the upper limit of the Iraqi currency, which is a very strong and sober category and can be used for storage, savings and cash transactions.".

He pointed out that "the size of the monetary mass circulating in banks and the public currently ranges between 83-84 trillion Iraqi dinars, and the new issuance of the 20,000 denomination will not change much of the volume of circulation because it will enter into the existing liquidity."
He stressed that "