Article: “The Central Bank of Iraq issues a clarification regarding the ‘printing of 25 trillion dinars’ to provide salaries” Quote: “…there is a fundamental and important difference between ‘discounting treasury bills’ and ‘printing currency’…discounting bills provides temporary financial liquidity…and is repaid when the bill matures…with strict adherence to its maturity dates...As for (printing currency), it is the issuance of new money without compensation that is injected directly into the economy, which leads to direct inflation and erosion of the currency’s value. It is not recovered and represents a permanent monetary burden…completely prohibited under the Central Bank of Iraq Law No. (56) of 2004. Therefore, the simplified description…as ‘printing currency’ does not reflect its true technical and financial nature.” :Clare
