Iraq Prepares For The Printing Of 50 000 Dinars Category And Delete The Zeros Deferred Step
The Commission on Economy and Investment parliamentary member of the Charter of Hamdi, yesterday (Monday), the central bank can not delete the zeros due to the unstable economic situation, as pointed out that the bank regarding the treatment of these things will be printed new financial category worth fifty thousand dinars.
She said that Hamdi "Keywords stressed that the process of handling these things, where they will be printed new financial category worth fifty thousand dinars," indicating that "the Bank for printing percent category thousand dinars to a later time."
She Hamidi that "the central bank can not delete the zeros because of the current situation and the unstable Iraqi economy", calling on the central bank to "increase revenue that will be supplied cash and liquidity and difficult process which eases the burden on the citizen."
He said the governor of the bank on the Keywords in 3 of last March, said the project to delete the zeros existing project has been put into practice and we gave the green light to start with, adding that the project needs a period of time may extend to two years or more.
He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed persecuting, blaming those actors responsible for exposing the financial interests of the country at risk.
What was seen as Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge adviser, in (25 August 2011), that the lifting of the zeroes from the currency's biggest process of corruption in Iraq if it was during this period,
and fall under the name of economic tampering, warning of the "mafias currency" is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes.
It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as stability of the economy.
Central Bank, on Friday, its intention to issue coins small categories,
Future / detect the Iraqi Central Bank, on Friday, its intention to issue coins small categories, indicating that those currencies, which may be issued sometime in the next year, will be written in Arabic and Kurdish, confirming the existence of a proposal for the issuance of Banknotes great worth fifty thousand dinars.
The governor of the Central Bank and the Agency Abdel Basset Turki, "The Central Bank is currently working according to the tables and under the supervision of specialized committees to issue new coins with large groups."
And between Turkish that "the largest category of coins now available is the 25 thousand Iraqi dinars and purchasing power have no more than $ 23, so there is more of a proposal by the Central Bank, to put more of the existing currencies, such as issuing currency up to (50) Thousand dinars ".
Turki said that "the Central Bank is also working on a version of small coins, the absence of these categories that facilitate the process of dealing and purchase between the citizen and the Iraqi market, which was dealt with by the central bank," noting that "small coins will be in Arabic and Kurdish."