Sunday, March 20, 2011

Cash in small denominations and minds of the public servants


Cash in small denominations and minds of the public servants Iraqi Banknotes

19.03.2011

Become a problem denominations small and one of the vocabulary of the daily suffering of the Iraqi citizen, while the receiving government employees are the largest segment of the workforce in the country, since almost a year of their monthly salaries to these groups, they suffer two to persuade the owners of shops and taxis to accept them.

And refers the citizen Tariq Hadi, a staff of the Ministry of Industry and Minerals in Iraq, to ​​the suffering and his colleagues in this regard, saying, "This will be repeated monthly, and even banking offices, banks, government refuses to receive these categories from us, what should we do note that the percentage of them have up to one third extinct or on the the edge of extinction, will be the fruit of our efforts for a whole month like this? ".

And recognizes the adviser to the CBI the appearance of Mohammed there was a problem categories petty cash some time ago, Yassa infrequently, and the suffering of the citizen juniors, noting that "this suffering associated always and regulations of the cash payment direct to the countries that still support this kind of systems in completing financial transactions."

He acknowledged in favor of Lake Central Bank about the continuing problem of small denominations, which "would be to put a lot worse after a few years if it continued on what it is now."

For his part, the economic expert called on the government to short-Ala Accounting Central Bank of Iraq over the level of abuse with the current suffering of the citizens with small denominations.

He also called for short the central bank and the government to issue legislation to punish anyone who does not accept the receipt of cash in small groups of citizens seriously, because such legislation will ensure the protection of the Iraqi currency.

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