Iraq issues new Banknote Designs

By John Lee.

The Central Bank of Iraq (CBI) has released a series of new banknote designs, which will enter circulation next week.

According to a report from Rudaw, the notes are intended to modernise the currency and better reflect the nation’s heritage and diversity.

It adds that the CBI does not plan to recall old banknotes.

(Sources: CBI, Rudaw, Xinhua)

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One Response to Iraq issues new Banknote Designs

  1. Terry Wahrer 14th October 2018 at 16:54 #

    will these co-exist with the “old” 5-10 and 25k notes? Also, if these are lower denominations is the government planning on raising the rate, otherwise why spend the money printing new, lower denomination currency. Just asking… THANK YOU!!

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