Alforat News

The CBI responds to the damage of the seven billion

“The incident occurred in Rafidain Bank in 2013 at the time of Abdul Basit Turki as governor of the Central Bank in addition to being the head of the Financial Control Bureau at the time and took what to take in accordance with the law and instructions of the Central Bank And state regulators. ”

He added that “the functions of the Central Bank in accordance with the law is the replacement of damaged and invalid papers and this is done continuously to maintain the sustainability of dealing in local currency and stability.”

The statement pointed out that “the cost of replacing the banknotes is the cost of printing, which is different from the value of the currency much, not loss of 7 billion dinars, and some argue that the currency that was sinking would have been replaced even if it did not sink because the life is over.

He pointed out that “the Central Bank expresses its deep surprise to raise this issue after five years and at this particular time, noting that the subject is settled procedural and legal in its history.”

He called on the Central Bank of Iraq “all the media to be careful and careful in the transfer of data and deal with it because of the impact on the state of financial stability and price achieved by the Central Bank of great efforts and recognition of international organizations during the past years.” Source