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Iraq has been facing a growing problem: banks, shops, and
link to My FX Buddies Blog
money exchangers refusing small denominations like 250, 500, and 1,000 dinar notes. This has caused huge piles of small bills to accumulate in people’s homes — and it’s now affecting salary payments and market liquidity.
The Central Bank of Iraq has finally stepped in with new guidelines forcing all banks, private institutions, and currency dealers to accept every type of Iraqi dinar — even old, torn, or worn-out notes.
If you'd like to Support the channel: https://cash.app/$tishwash... https://paypal.me/tishwash... a FREE transcript at: https://rss.com/podcasts/myfxbuddies....
Many banks and shops reject small bills under 10,000 IQD
Citizens have been holding on to large amounts of low-value notes
The Central Bank confirmed there is a cash imbalance between denominations
Iraq spends 7 trillion IQD every month on salaries
But 15 trillion IQD is being held by the public and not circulating
This blocks money from returning to the banking system
And causes shortages during salary cycles
All banks must accept all types of dinar bills
Currency dealers must accept every denomination
Bills must be accepted even if worn, old, or slightly damaged
Government offices must stop making excuses when handling small notes
Shop owners are urged to cooperate with the new rules
The Central Bank aims to eliminate discrimination between denominations
Economists say the Central Bank wants to solve the cash shortage that keeps causing:
Market instability
Salary delays
Hoarding of small notes
People being forced to exchange small bills at a loss
With the new guidelines, every dinar is equal — and Iraq aims to restore proper circulation of currency across the market.
🔥 What’s Going On?🔥 What the New CBI Guidelines Require:🔥 Why It Matters:
With the new guidelines, every dinar is equal — and Iraq aims to restore proper circulation of currency across the market.✨ Reset Naturally — Grab the Holiday Helper Plan 🎁https://buymeacoffee.com/tishwash/e/479454
By Tish WashingtonIraq has been facing a growing problem: banks, shops, and
link to My FX Buddies Blog
money exchangers refusing small denominations like 250, 500, and 1,000 dinar notes. This has caused huge piles of small bills to accumulate in people’s homes — and it’s now affecting salary payments and market liquidity.
The Central Bank of Iraq has finally stepped in with new guidelines forcing all banks, private institutions, and currency dealers to accept every type of Iraqi dinar — even old, torn, or worn-out notes.
If you'd like to Support the channel: https://cash.app/$tishwash... https://paypal.me/tishwash... a FREE transcript at: https://rss.com/podcasts/myfxbuddies....
Many banks and shops reject small bills under 10,000 IQD
Citizens have been holding on to large amounts of low-value notes
The Central Bank confirmed there is a cash imbalance between denominations
Iraq spends 7 trillion IQD every month on salaries
But 15 trillion IQD is being held by the public and not circulating
This blocks money from returning to the banking system
And causes shortages during salary cycles
All banks must accept all types of dinar bills
Currency dealers must accept every denomination
Bills must be accepted even if worn, old, or slightly damaged
Government offices must stop making excuses when handling small notes
Shop owners are urged to cooperate with the new rules
The Central Bank aims to eliminate discrimination between denominations
Economists say the Central Bank wants to solve the cash shortage that keeps causing:
Market instability
Salary delays
Hoarding of small notes
People being forced to exchange small bills at a loss
With the new guidelines, every dinar is equal — and Iraq aims to restore proper circulation of currency across the market.
🔥 What’s Going On?🔥 What the New CBI Guidelines Require:🔥 Why It Matters:
With the new guidelines, every dinar is equal — and Iraq aims to restore proper circulation of currency across the market.✨ Reset Naturally — Grab the Holiday Helper Plan 🎁https://buymeacoffee.com/tishwash/e/479454