Behavior of Iraqi Citizens About Coins Currency

Iraqi CoinsIraqi Dinar 123 News:– Central bank of Iraq has to spend a huge amount of cash for the issuance of these notes in the market. Contrary to this the coins have longer age than that of paper currency and it can be stored for a longer period of time for the future use.

The people, who are against the issuance of coins, claim that the manufacturing cost of the coins is greater than its face value and this is its biggest drawback.

Several cases are reported in Iraq and in the other countries of the world where coins melted to use for some other purposes due to greater cost value of the coins.

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