Central Bank Denies Cancelling 25000 IDs Note

PUKmedia    13:33   2008/05/01

Central Bank of Iraq denied the news of cancelling the 25000 IDs local note.
An official source in the bank said “some Medias published on their websites that there is an intention to cancel the 25000 IDs note to strength the local currency. The news is incorrect and baseless.”
“Iraqi dinar value was refreshed in front of dollar in the past two years. The operation that the Central Bank carried out proves the success of the fund policy in raising the local currency value. News like this aimed to effect on the local economy situation”, the source added.