CBI sets the criteria for the rejection of banknotes of the dollar and the euro

2019-07-28 06:05
CBI sets the criteria for the rejection of banknotes of the dollar and the euro

The Central Bank of Iraq on the criteria that are relied on in the rejection of banknotes of the dollar and euro in the process of counting and sorting.
The bank pointed out that the most important criteria are:

1 - If it was cut in one of its corners or was oppressed or lost any part of the paper area.

2 - If it has been torn and repaired with a transparent adhesive tape from any side.

3 - If it contains a seal of large size or several small seals to affect their features.

4- If the effects of trading and use appear to be "smug" in order to affect their form or features.

5- If strange substances have been caught and have affected their features such as inks, dyes, glues, crushed, cooked, processed, fat or oils.

6 - if stored in the conditions of storage is incorrect, which leads to break or smell of mold.

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies




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