Article: : “The Central Bank of Iraq issues a clarification regarding the ‘printing of 25 trillion dinars’ to provide salaries” There is a fundamental and significant distinction between “printing currency” and “discounting treasury bills.” Printing currency is the issuance of new money without compensation that is injected directly into the economy, causing direct inflation and erosion of the currency’s value. Discounting bills, on the other hand, provides temporary financial liquidity and is repaid when the bill matures, with strict adherence to its maturity dates. According to Central Bank of Iraq Law No. (56) of 2004, it is totally forbidden and constitutes a permanent financial burden. As a result, its real technical and financial character is not reflected in the oversimplified statement of “printing currency.”
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