************ XXXXXXXXXX Central Bank announces the withdrawal of 50 dinars a class of trading

Thursday February 26, 2015 14:35






Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months.

The bank said in a statement received " Alsumaria News ", a copy of it, he was" given to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote from trading on the basis of the powers vested in Article 36 of the Bank Act No. 56 of 2004 ".

The bank added that "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will be deposited at the bank and its branches for the purpose of being the equivalent value in the accounts we have."

He noted the bank that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "the end of the period of replacement will be banknote void and have no discharge power will not be accepted in Iraq."

It is noteworthy that the Iraqi Central Bank issued after 2003 and banknotes from the category of 50 dinars, but he is not traded due to the high prices of the products offered in the market.


http://www.alsumaria.tv/news/126132/البنك-المركزي-يعلن-عن-سحب-فئة-50-دينار-م/ar

Iraq pulls smaller paper currency from circulation

   Thu, February 26, 2015 16:12



Twilight News / Iraqi Central Bank announced on Thursday, about 50 dinars withdraw currency from circulation category due to the low value and stop the audience from the circulation.


 The category of 50 dinars are smaller process paper of paper within the categories that also include 250 dinars and 500 dinars and a thousand dinars and 5 thousand dinars and 10 thousand dinars and 25 thousand dinars. Iraq issued a new currency in 2003 in the wake of dropping the former regime.

The bank said in a statement reported for "Twilight News" that "Due to stop the public from trading cash paper category 50 dinars, he decided to withdraw this banknote from trading on the basis of the powers vested in Article 36 of the Bank Act No. 56 of 2004".



"The banks and their branches will start replacing these banknotes presented to it and without fee or commission," noting that "banks will be deposited at the bank and its branches for the purpose of being the equivalent value in the accounts we have."

Bank pointed out that "the term that will replace these banknotes will begin on the first of March to 30 of April next," stressing that "as soon as the end of the period for the replacement of the banknote will be null and void and will not be accepted in Iraq."



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(Press release) due to stop the public from trading cash paper category JD (50)


http://www.cbi.iq/documents/press%20for%2025-2-2015.pdf

Central Bank pulls the coin 50 dinars class of trading


2/28/2015 0:00

BAGHDAD - morning
The CBI has decided to withdraw a paper currency and prevent the circulation in Alarac.waodh Bank said in a statement received "morning," a copy of the bank decided to "pull the banknote from a class of 50 dinars from circulation," he said, adding that this was due to stop the public from trading them and based on the validity of the authorized Article 36 of the Central Bank Law No. 56 of 2004, adding, "The duration of the replacement category above two months, starting from 01/03/2015 up to 30/04/2015." adding that he and "after the end of the replacement for the banknote becomes void and has no force discharge will not be accepted in the Republic of Iraq, "the central .odaa" banks and branches into banknotes presented to it without a fee or commission a replacement, and the banks deposit with the central bank and its branches for the purpose of being the equivalent value in the accounts we have. "


http://www.alsabaah.iq/ArticleShow.aspx?ID=87756