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4-28-2014 *American Contractor

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4-28-2014 *American Contractor

Unread postby Vixen » Tue Apr 29, 2014 9:40 am

4-28-2014 *American Contractor ~Another milestone is that the Central Bank of Iraq (CBI) has introduced a banknote with enhanced features. No, this is not the "delete the zeros" type of Iraq currency. That may come in the year 2015 if we’re lucky. The CBI has a huge problem with the criminal gangs counterfeiting the Iraq dinar. Fake Iraq dinars are showing up in the 10k notes and 5k notes being that they are used the most often. The response from the CBI is to increase the security features and enhance the paper that the Iraq currency is printed on. The CBI has added features on the bank notes to assist the blind to help understand the value of the dinar currency. These new bank notes have increased the money supply in Iraq. The CBI mentioned that there would be no removing of any Iraq dinar currency during the time that they are rolling out the new specially enhanced currency. Since 2003, there has not been any Iraq banknotes removed from circulation. The CBI web site shows how the money supply has increased over the years.
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