The Central Bank issues a statement about the perforated or burned funds



The Central Bank of Iraq, on Friday, from all banks to comply with the decision taken on dealing with banknotes perforated and burnt from the Iraqi dinar.

The bank said in a statement that "all banks to confiscatethe banknotes damaged damaged perforated discovered within the deposits of customers of the bank and delivered to the Central Bank of Iraq with knowledge of its source from the customer and otherwise the bank bears the legal responsibility resulting from it."

The bank added that "banks also provide damaged banknotes as a result of burning or burial to the Central Bank and its branches exclusively directly from citizens."

The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars. The coins were withdrawn by the bank for non-circulation by the public.