Central Bank: The law allows us to define the form of the banknote

aljournal October 10, 2018
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October 10, 2018

Baghdad - Journal News
A senior official of the Central Bank of Iraq, on Wednesday, that the bank's law allows to determine the form of the banknote.

The Director General of the Department of Issuance and Treasury Agency Abdul Karim Hassan Shannon in a press statement, "Article 33 of the Bank's law on the printing of paper currency and currency coins, the Bank under the regulations and regulations set the categories of currency and paper coins and metals and their forms, material, content, weight and design, etc. Of other features, and therefore the bank is responsible for their content and forms. "

He added that "during the edition of 2015, which called the window and was signed by the bank's governor Ali Alalak increased counterfeiting and therefore a Central Bank Committee examined the situation for non-repetition and suggested that the name of the relationship on these categories as a security mark next to the existing signs, which was in the form of drawing in these categories Printed and not as a name as it exists in official memos. "

"The name of the governor is present even in the old Iraqi currency coins under the monarchy," he said. "Most countries started to name governors such as Saudi Arabia, the UAE, Lebanon, Egypt, Iran, Nigeria, Malaysia and some of the UK's special currency groups."

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