Home
Iraq introduces a coin 50 thousand dinars category
Baghdad Arab New
May 6, 2015
Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee concluded that a competent decision new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and the strength of local and global market.
She said a member of the Committee of Economy in Parliament, Nora Albjara, in a press conference, said on Wednesday that a specialized committee formed from the central bank, decided to cancel the idea to delete the zeros of the coins from the category of thousand dinars and 10 thousand dinars; as an option taken previously to combat inflation, and the challenges of the Iraqi currency, due to market instability and put the dinar himself that is constantly declines against the dollar.
She Albjara, the Committee decided instead to print a new financial category worth fifty thousand dinars. The highest category of cash in Iraq is twenty-five thousand dinars paper, known red paper.
And suffering Iraqi citizens, private traders, the question of buying and selling, where usually carry three large bags of Iraqi currency cash to buy a mid-priced car.
And requires the purchase of a TV at a price of half a million dinars tote bag or an average citizen to own a large enclave, he can put the money from him if the amount of class thousand dinars or 250 dinars cash currency.
Albjara confirmed that "the bank in order to print one hundred thousand dinars category until further notice, until the end of print the fifty thousand dinars class project."
In another context, a source at the Central Bank said the "new Arab:" The government has started negotiations with the World Bank for a loan worth $ 800 million to fill the shortfall in the general budget of the state for the current year; and the resulting drop in oil prices.
The source, who asked not to be named, said: "The World Bank is reluctant subject, but we will provide various guarantees to them." Read also: Iraq denies decline in its foreign exchange reserves
- See more at: [You must be registered and logged in to see this link.]
Baghdad Arab New
May 6, 2015
Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee concluded that a competent decision new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and the strength of local and global market.
She said a member of the Committee of Economy in Parliament, Nora Albjara, in a press conference, said on Wednesday that a specialized committee formed from the central bank, decided to cancel the idea to delete the zeros of the coins from the category of thousand dinars and 10 thousand dinars; as an option taken previously to combat inflation, and the challenges of the Iraqi currency, due to market instability and put the dinar himself that is constantly declines against the dollar.
She Albjara, the Committee decided instead to print a new financial category worth fifty thousand dinars. The highest category of cash in Iraq is twenty-five thousand dinars paper, known red paper.
And suffering Iraqi citizens, private traders, the question of buying and selling, where usually carry three large bags of Iraqi currency cash to buy a mid-priced car.
And requires the purchase of a TV at a price of half a million dinars tote bag or an average citizen to own a large enclave, he can put the money from him if the amount of class thousand dinars or 250 dinars cash currency.
Albjara confirmed that "the bank in order to print one hundred thousand dinars category until further notice, until the end of print the fifty thousand dinars class project."
In another context, a source at the Central Bank said the "new Arab:" The government has started negotiations with the World Bank for a loan worth $ 800 million to fill the shortfall in the general budget of the state for the current year; and the resulting drop in oil prices.
The source, who asked not to be named, said: "The World Bank is reluctant subject, but we will provide various guarantees to them." Read also: Iraq denies decline in its foreign exchange reserves
- See more at: [You must be registered and logged in to see this link.]
