Parliamentary Finance: Central Bank did not Esicarna on the subject of the issuance of new categories of the coin did not call for the deletion of zeros

Parliamentary Finance: Central Bank did not Esicarna on the subject of the issuance of new categories of the coin did not call for the deletion of zeros



5/24/2015


Baghdad / Baghdad Uz..cdt the parliamentary finance committee, said on Saturday that the Iraqi Central Bank has not consulted that the subject of the issuance of new categories of the coin, denying its claim to the bank to delete the zeros of the currency.
The committee member said Sarhan Ahmed Sarhan in an interview with / Baghdadi News / "The Central Bank is looking forward to the issuance of new categories (50 and 100) thousand dinars, but the bank so far has not consult our committee," noting that "a resolution printing new categories needs to be a thorough study , to know the possible dangers on the Iraqi economy in the event of the issuance of this currency and its impact on the auction sale of the dollar. "

"The Finance Committee did not discuss the bank's decisions to issue new categories for not being invited, but the same time ask the study of any decision taken by the Central Bank of special currency", adding that "the committee did not ask the Bank formally deletion of zeros from the currency."

Sarhan said that "the deletion of zeros from the currency a major operation and can not be approved in a short period."

The central bank announced earlier that it will issue the categories (50 and 100) thousand new currency, while specialists warned of the impact on the Iraqi economy and the auction sale of the dollar. It ended 21 / d

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The committee member said Sarhan Ahmed Sarhan in an interview with / Baghdadi News / "The Central Bank is looking forward to the issuance of new categories (50 and 100) thousand dinars, but the bank so far has not consult our committee," noting that "a resolution printing new categories needs to be a thorough study , to know the possible dangers on the Iraqi economy in the event of the issuance of this currency and its impact on the auction sale of the dollar. "

ok, I see... 

But my point about the CBI press release is.. 

 If the CBI is gonna put out additional currency categories and (yes the CBI has the right to issue new categories). But if they're gonna follow the "rules" they must give at a minimum 30 days notice to the public via a press release just like the discontinuation of the 50 note.

Here is the press release from the CBI about the discounting of the 50 note. 60 plus days notice 

 
(press release ) due to stop the public from trading cash paper category ( 50 ) dinars 25/02/2015

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