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Parliamentary Finance: Print categories of new cash comes in preparation for the deletion of zeros from currency (Dif-Source)
13/5/2015
He said the Parliamentary Finance Committee member Masood Haider said the central bank went to the issuance of new cash and Print categories will be preceded by preparation for the decision to delete the zeros of the currency.
He said in a press statement today that "the central bank decided to print large cash classes in preparation for the application of the decision to delete the zeros of the currency in the coming period."
Haider said that "the parliamentary finance committee discussed with the Governor of the Central Bank on the Keywords subject of printing new categories in the event of cash availability after the rise in oil prices and achieve financial abundance."
"The Central Bank has decided to reprint some of the big denominations to create the application's decision to delete the zeros of the currency in the coming period."
He pointed out that "the decision has undergone extensive study to assess the economic feasibility and to be implemented depending on the timing proposed by the administration to the central bank."
A member of the parliamentary finance committee that "the new denominations will be printed from the category of 50 100 thousand Iraqi dinars".
The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on that early next year will be introduced in 2016 in principle .
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13/5/2015
He said the Parliamentary Finance Committee member Masood Haider said the central bank went to the issuance of new cash and Print categories will be preceded by preparation for the decision to delete the zeros of the currency.
He said in a press statement today that "the central bank decided to print large cash classes in preparation for the application of the decision to delete the zeros of the currency in the coming period."
Haider said that "the parliamentary finance committee discussed with the Governor of the Central Bank on the Keywords subject of printing new categories in the event of cash availability after the rise in oil prices and achieve financial abundance."
"The Central Bank has decided to reprint some of the big denominations to create the application's decision to delete the zeros of the currency in the coming period."
He pointed out that "the decision has undergone extensive study to assess the economic feasibility and to be implemented depending on the timing proposed by the administration to the central bank."
A member of the parliamentary finance committee that "the new denominations will be printed from the category of 50 100 thousand Iraqi dinars".
The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary finance committee and the central bank steps discuss implementation of the resolution at the current session on that early next year will be introduced in 2016 in principle .
[You must be registered and logged in to see this link.]
