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Iraq Central Bank announced last week for printing new bank notes contain signs of additional security make it difficult to counterfeit or tampered with.
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Content • Introduction • What does Iraqi bank note with security specification provide • Features of Iraqi bank notes with Security Specifications • Aim of Iraqi bank notes with Security Specification • Working Principle Of Iraqi bank notes with Security Specifications • Conclusion
Introduction • Iraq Central Bank announced last week for printing new bank notes contain signs of additional security make it difficult to counterfeit or tampered with. • The Age of the supposed global currency paper between three to five years, and the Iraqi currency currently in place extends life for about 10 years and has become a lot of categories, particularly small and old outdated.
What does it provide • The Director of Treasury at the Central Bank IhsanShomran Yasiri to my home that the CBI re-printed paper currencies of small denominations (250, 500 and 1000) dinars, and also large groups (5, 10 and 25) thousand dinars. • The new currency, which started offering small ones for trading not much different from the currency currently in circulation among the citizens in terms of shape, but it provided the technical specifications more efficient and safer as contained signs of security and properties of many technical make currency a longer lifetime and are difficult or impossible to falsify.”
Features of Security Specifications • These include security tags added security thread, a colourful stripe width of one millimetre small cash currencies and four millimetres of large, colourful filaments are visible and the other does not see only through the use of detection devices. • Add to sign a sophisticated, high-quality know Balspark in place in several countries of the world, according to Yasiri.
Aim of Security Specification • These features will contribute to enhancing the protection of Iraqi funds from counterfeiters and manipulators. • According to Yasiri to enable citizens blind and visually impaired circulation of the new currency and excellence, it contained a prominent signs or protrusions. It was also repainted and a protective material to prevent damage due to continuous trading them.
Working Principle Of Security Specification A GRADUAL PROCESS OF REPLACING • Yasiri said that the total value of banknotes will be printed at around five trillion dinars (4.3 billion dollars) will be pumped circulation categories used instead of gradually. He pointed out that “put the new currency will not eliminate the cash currently rolling paper, where work groups will be created alongside the old.” • Antoine explained that there are a lot of techniques and modern labels that have been introduced in recent years in the world to fortify the currency of fraud and manipulation. He believed that it is necessary to increase awareness of the characteristics and specifications of the new categories of cash and the statement of the importance of re-printing the currency and encourage circulation.
Conclusion • The procedure will give the Iraqi dinar a large force in front of the rest of the other world currencies, as well as the ease of carrying and trading groups yellowed cash in banking transactions and the buying and selling and monetary exchange. Thank You