RayRen98

  In RAYREN98

Article: “The Central Bank of Iraq decided, and based on the minutes of the Currency Affairs Committee meeting No. (6) for the year 2020 held on 9/23/2020”  Quote:  “Re-impose a shortage fine on the small denominations ( 1000 , 500 , 250 ), starting from the date of 1/10/2020 and according to the instructions of the standards for circulation and replacement of banknotes, and the mechanisms of counting and sorting.”  Reportedly, Iraqi banks are receiving new 250, 500 and 1,000 dinar notes and are using advertising to encourage hoarders to deposit their money with added emphasis on reading the “Special Instructions”.