Seigniorage: greedy Central Bank of Iraq issuing ALSO the coins - July 9, 2007


On January 2005, the new Iraqi Dinar Coin series in the denominations of 25 and 100 were launched by Central Bank of Iraq. The new currency is one currency for the entire country of Iraq.
It is worth noting that the coins are issued by the Central Bank istead of by the Treasury Ministry. I.e. the coins' seigniorage is withheld from the government. In most western countries the Central Banks leave the metallic seigniorage to the Treasury Ministry, like it happens in the US or Europe. But in Iraq the new Central Bank is so greedy that this is not the case.
We propose to them to issue next coins made of DEPLETED URANIUM.


FRONT:
It is a jagged round shaped coin made of nickel plated steel metal with a diameter of 22 mlm and weighs 4.3 gram contains a circle with the denomination of the coin inside at the top the phrase of central bank of iraq and at the bottom the denomination of the coin in writing


BACK:
shows map of Iraq with two dates Hegira, 1425 and A.d. 2004


FRONT:
It is smooth round shaped coin made of copper plated steel made with a diameter of 17.5 mlm and weight 2 grams it contains a circle with the denomination of the coin inside at the top the phrase of central bank of iraq and at the bottom the denomination of the coin in writing


BACK:
shows map of Iraq with two dates Hegira , 1425 and A.d. 2004



Link to the official Central Bank of Iraq:
http://www.cbiraq.org/cbs5_b.htm