09/03/2013 (23:00 pm)The problem of damaged banknotes dilemma afflicting most low-income earners, and the difficulty lies in the dispensing process, in addition to the embarrassment caused to bondholders, so when reject the seller or the bus driver! Despite confirm officials and the Ministry of Finance as currency printed in the finest presses global, and Orgaha good kind but after years of circulation and use exposed to fraud, damage and disruption.
Posts Tagged ‘Banknote’
Damaged currency problem afflicting low-income earners
Posted: March 10, 2013 in Iraqi Dinar/PoliticsTags: Banknote, Category (mathematics), Central bank, Currency, Iraq, Muhammad Ali, Poverty, Salary
Citizens complain about difficulties trading torn banknotes
Posted: January 6, 2013 in Iraqi Dinar/PoliticsTags: Banknote, Business, Canada, Central bank, Finance, Financial services, Government, Hadi Abbas
05/01/2013
Became circulation banknotes shattered economic and social problem, affecting citizens constantly due to the failure of vendors and stakeholders public to deal with.
Ms. Avia Ali suffers from the exchange bank notes torn, since rejected by shopkeepers and drivers taxis. indicated Nawal Hamid Aboud It Her shop they refuse to deal with these papers, because they can not get rid of them easily, since rejects traders received them. (more…)
Iraqi Central Bank Warns of Counterfeit Money
Posted: October 21, 2012 in Iraqi Dinar/PoliticsTags: Banknote, Central Bank Iraq, Counterfeit, Counterfeit money, Iraq, Iraqi dinar, kurdistan, Syria
21/10/2012 02:54:00By NAWZAD MAHMOOD
SULAIMANI, Kurdistan Region—The head of the Bank of Kurdistan says that the Central Bank of Iraq has warned all branches across the country of the circulation of counterfeit Iraqi banknotes in the market.
“We are always concerned about the spread of counterfeit money in the market,” says Dilshad Abdulmajid, the head of the Sulaimani branch of the Bank of Kurdistan. (more…)
Economic Committee Member: Rush to delete the zeros currency; You must start early 2013
Posted: October 7, 2012 in Iraqi Dinar/PoliticsTags: Banknote, Civilization, Currency, economy, Economy of Iraq, Inflation, Iraq, iraqi
10/07/2012 12:00 am
According to a member of the Economic Commission in the House of Representatives Abdul Hussein Abtan, the need for the Iraqi market, to project the deletion of zeros from the Iraqi currency early 2013 to save the country from increasing rates of economic inflation, stressing that the postponement of the project to 2014 will hurt the country’s economy. (more…)
Fake Vietnam banknotes found in the market
Posted: October 4, 2012 in Asian Currency MarketsTags: bank, Banknote, Counterfeit, Hanoi, Polymer banknote, Reserve Bank of Australia, State Treasury, Vietnam
HA NOI – (VNS) Fake VND200,000 banknotes have been circulating in the market, the State Bank of Viet Nam said in a statement on Tuesday.
The fake banknotes, though meticulously printed, are less durable and elastic than the real polymer notes, so users can still distinguish them by the naked eye and by slightly tearing the notes’ edges.
In addition, the fake notes are also easily distinguished because they are not printed with optically variable ink (OVI). The ink, an anti-counterfeiting measure often used on banknotes, displays two distinct colours. (more…)
Iraqi Coins May Return in 2013
Posted: September 12, 2012 in Iraqi Dinar/PoliticsTags: Banknote, Business and Economy, Central bank, Central Bank Iraq, Iraq, Iraqi dinar, middle east, Politics of Iraq
Some Iraqi economists are less than thrilled with the idea of a new currency being introduced during 2013, but if the financial committee in Iraq’s Parliament has its way not only will there be new bank notes, but coins will once more be seen in circulation.
Read more: http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=25737
Iraq Decides to Redenominate Currency
Posted: July 19, 2012 in Iraqi Dinar/PoliticsTags: Banknote, Central Bank Iraq, Council of Representatives of Iraq, Economy of Iraq, Iraq, iraqi, Iraqi dinar, Politics of Iraq
15/07/2012 02:47
After much deliberation, the Iraqi government announced that, beginning in 2013, they will begin removing three zeros from Iraqi banknotes. The change will take three years to complete. Despite economic experts staying Iraq is not ready to change its banknotes, the Iraqi Parliament and the Finance Committee both support the decision to redenominate the currency. (more…)
Reuters: Iraq halts plans to cut zeros off dinar currency
Posted: April 12, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Banknote, Central bank, Central Bank Iraq, Iraq, Iraqi dinar, reuters, Thursday
BAGHDAD, April 12 (Reuters) – Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said on Thursday.
Read more: http://www.reuters.com/article/2012/04/12/iraq-currency-idUSL3E8FC8G120120412
IBN: More Details of New Iraqi Dinars
Posted: March 27, 2012 in Iraqi Dinar/PoliticsTags: Banknote, Central Bank Iraq, Council of Representatives of Iraq, Currency, English Language, Iraq, Iraqi Central Bank, Iraqi dinar
AKnews reports that Iraq’s new currency will include three languages: Arabic, Kurdish, and English. It will also include archaeological features including those of the Kurdistan Region.
Speaking on behalf of the economic committee in the Iraqi Council of Representatives, Muhama Khalil said that deleting the three zeros, and restructuring the currency will provide significant economic benefits. (more…)
Vietnam having fewer counterfeit banknote cases
Posted: August 7, 2011 in Asian Currency MarketsTags: Banknote, Central bank, International Monetary Fund, State Bank of Vietnam, Vietnam
AUGUST 7, 2011
VietFinanceNews.com – The counterfeit money detected in the bank systems and state treasury in the first half of this year has seen a decline over the previous years, newswire VnExpress reported.
According to the State Bank of Vietnam, the amount of fake bank notes this year has fallen by 24 percent and 60 percent over 2010 and 2009.
Polymer bills account for 97 percent of the fake notes, 44 percent of which is VND50,000 notes while the VND100,000 bills take up 28 percent.
Raising the Curtain on Canada’s New Polymer Notes
Posted: May 29, 2011 in Iraqi Dinar/PoliticsTags: Australia, Bank of Canada, Banknote, Business, Canada, Canadian dollar, Mark Carney, Polymer banknote
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Julie Girard, spokesperson for the Bank of Canada, said the new polymer bills will be out in 2011.
OTTAWA – Canada’s new polymer bank notes will soon be unveiled said a recent report from the Bank of Canada.
The innovative new notes will boast updated designs and security features. The Bank of Canada is responsible for supplying Canadians with bank notes that they can use with confidence and our new polymer notes will be both easy to check and hard to counterfeit.
The $100 and $50 notes will be unveiled on the same day, but the issue dates will be spread out. The $100 will be issued this November and the $50 in March 2012. The remaining denominations—the $20, followed by the $10 and $5 notes—will be issued by the end of 2013.
Read More: http://www.mriguide.com/canada_052811.pdf
Related Article: http://www.cbc.ca/news/business/story/2010/03/06/ott-plastic-money.html
Flashback Feb 26, 2010: Iraq Planning Currency Redenomination
Posted: December 17, 2010 in Iraqi Dinar/PoliticsTags: Baghdad, Banknote, Central Bank of Iraq, Iraq, Iraqi dinar, middle east, Radio Free Iraq, United States
BAGHDAD — The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL’s Radio Free Iraq (RFI) reports.
Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year.
Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.
