Central Bank to Tackle Hoarding of Iraqi Dinars

By John Lee.

The Central Bank of Iraq (CBI) has held symposium entitled “Analysis of the phenomenon of Hoarding in Iraq“, addressing the problem of people hoarding Iraqi dinars (IQD), and not making them available to the banking system.

During the seminar, the Governor of the Central Bank, Dr. Ali Mohsen Ismail (pictured), pointed out that cash is not available as planned, and that the CBI is drawing up plans to solve this problem and attract money into the banking system.

According to a CBI statement, the term “hoarding” is used in its economic sense to mean “holding money and imprisoning it from circulation or keeping them in the boxes inside the house and not taking them out to trade in the markets.

(Source: Central Bank of Iraq)

Tags: , , , , , , , , , ,

3 Responses to Central Bank to Tackle Hoarding of Iraqi Dinars

  1. Ronald Parrish 15th September 2017 at 05:34 #

    No one would be holding the Dinar if they would put a ligitimate value on it.

  2. Mike Jackson 28th September 2017 at 06:12 #

    My guess ti instigate reconstruction and promote positive feeling is to offer attractive housing and land designs for purchase by Iraqi citizens. Offer loans to high quality architect/builder companies whom will drive the market.The customers will want to put their hoarded money into property and your economy will take off.

  3. Vickie 16th October 2017 at 00:24 #

    Remove the USD also