Mohammed Saleh, who is the adviser of the Central Bank of Iraq, said that the Iraqi currency is required to get expanded, and they are working to issue currency Banknote of 100 thousand dinars.
Saleh also expressed in a statement that the Central Bank of Iraq (CBI) looks at the idea of reorganizing the Iraqi currency in terms of specifications and forms, so they will be issuing new banknotes of Iraqi currency, which will have the capability of shortening the large quantity of money papers and he also indicated that continues use of the $100 banknote is really a big proof of importance of issuing a banknote equivalent to it.
CBI is always holding 5 auction sessions per week, for the purchase or sale of foreign currencies, and with a commission of 13 dinars/ dollar for cash selling, and also 13 dinars/ dollar for the sale of remittances outside of Iraq.
Saleh also expressed in a statement that the Central Bank of Iraq (CBI) looks at the idea of reorganizing the Iraqi currency in terms of specifications and forms, so they will be issuing new banknotes of Iraqi currency, which will have the capability of shortening the large quantity of money papers and he also indicated that continues use of the $100 banknote is really a big proof of importance of issuing a banknote equivalent to it.
CBI is always holding 5 auction sessions per week, for the purchase or sale of foreign currencies, and with a commission of 13 dinars/ dollar for cash selling, and also 13 dinars/ dollar for the sale of remittances outside of Iraq.
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