Dinar Iraq News
CBI: trillions of Iraqi currency comparable to the U.S.
Posted: September 5, 2011
Twilight News / The Central Bank, on Monday, he sought to reform the
Iraqi currency, which suffer from inflation in the monetary mass,
indicating that the size of several trillion and reached a size
comparable to U.S. monetary bloc.
The deputy governor of the Central Bank of the appearance of Mohammed
in an interview with ” Twilight News “that” the Iraqi currency to
suffer from inflation of several trillions and trillions of comparable
size in the U.S. monetary bloc. “
It is said that the Iraqi Central Bank
revealed, earlier, that the new Iraqi currency will increase [decrease]
by three zeros, indicating that he had conducted an extensive study
concluded that the lifting of the zeroes will strengthen the value of
the Iraqi currency.
Saleh explained that “the mass of U.S. monetary inflation because of
the strength of the U.S. economy, but inflation, the Iraqi currency was
due to the deterioration of the Iraqi economy.”
Economists and shows that the process of deleting three zeros from
the Iraqi currency will lead to increased value and to increase the
purchasing power of citizens, pointing to the need to follow the
policies of peaceful citizens and to persuade them to get used for a
period not exceeding two years.
The Deputy Governor of the Central Bank, “the Bank seeks to reform
the Iraqi currency by deleting the zeros and the issuance of coins of
small and large are not exposed to damage quickly.”
The Central Bank of Iraq began to discuss amending the dinar
categories last year, and is still a large part of the payments are in
cash because of the evolution of the banking system.
And between the head of the Iraqi Securities Commission, earlier,
that the deletion of zeros from the Iraqi currency will not affect
trading in the Iraqi Stock Exchange and its shares
<< Back