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Issuance of currency in 50 thousand dinars and Coins
22/11/2011
BAGHDAD - Al Sabah
Central Bank revealed that he is working on issuing a new currency in 50 thousand dinars Coins and small in both Arabic and Kurdish. The appearance of Dr. Saleh, Vice Chairman of the Bank, was quoted by the agency (AKnews): The Central Bank of Iraq is working to issue a new currency, a large class (50) thousand dinars, because there are no coins, large in the country, pointing out that the largest currency in the country now are ( 25) thousand dinars, and the purchasing power it does not exceed (23) dollars. He added that the central bank is also working on issuing coins of small non-existence of these groups that facilitate the process of dealing transactions between the citizen and the markets that need to return to the currency with small metal had some dealings with the Central Bank. He stressed that Iraq needs to support its economy and its currency by issuing coins large, similar to foreign currencies, including the category (100) dollars. He cautioned that the Iraqi banks do not accept deposits, sometimes because of the problems of counting and account for such large amounts of money. and more in favor of the Iraq was seeking to reduce the money supply of (25) trillion dinars (15) billion dinars, indicating that the central bank fixes the payments system in the country and the policy of the monetary authority and that this will soon be through the issuance of new currency and the elimination of three zeros from the new currency . "He stressed that this procedure is an important part of the reform process will facilitate the management of currency and payment system and the elimination of the vestiges of past inflation through the mass of strong cash handling and easy.
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22/11/2011
BAGHDAD - Al Sabah
Central Bank revealed that he is working on issuing a new currency in 50 thousand dinars Coins and small in both Arabic and Kurdish. The appearance of Dr. Saleh, Vice Chairman of the Bank, was quoted by the agency (AKnews): The Central Bank of Iraq is working to issue a new currency, a large class (50) thousand dinars, because there are no coins, large in the country, pointing out that the largest currency in the country now are ( 25) thousand dinars, and the purchasing power it does not exceed (23) dollars. He added that the central bank is also working on issuing coins of small non-existence of these groups that facilitate the process of dealing transactions between the citizen and the markets that need to return to the currency with small metal had some dealings with the Central Bank. He stressed that Iraq needs to support its economy and its currency by issuing coins large, similar to foreign currencies, including the category (100) dollars. He cautioned that the Iraqi banks do not accept deposits, sometimes because of the problems of counting and account for such large amounts of money. and more in favor of the Iraq was seeking to reduce the money supply of (25) trillion dinars (15) billion dinars, indicating that the central bank fixes the payments system in the country and the policy of the monetary authority and that this will soon be through the issuance of new currency and the elimination of three zeros from the new currency . "He stressed that this procedure is an important part of the reform process will facilitate the management of currency and payment system and the elimination of the vestiges of past inflation through the mass of strong cash handling and easy.
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