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Central Bank of Iraq: Iraq's new currency will be in three languages, including Kurdish groups, including the metal
10:58:10 / 10/2011
Khandan - Ali Naji
Explain the details of the Central Bank of Iraq Iraq's new currency which will be issued within three or four years to come, which will be in three languages, including Kurdish, including categories of mineral dinars.
The bank adviser said the appearance of Mohammed Saleh told the site (Khandan): The idea of changing the Iraqi currency began to mature gradually, although referral to the Economic Committee in the Federal Council of Ministers since (2007), indicating that the existing currency will go through two stages; first: Delete the zeros. The second restructuring, and launches the new currency for trading in the markets during the three or four years.
And the benefit of: The new currency will be in three languages (Arabic, Kurdish, English), as well as there are groups of small metal, indicating that the experience of changing the currency took place in many countries and have been successful, as in Turkey, Germany and Russia.
And delete the zeros, said the central bank adviser: The category Iraqi monetary deleted, including three zeros, ie, (1.000) "A thousand dinars," become "one dinar" only, as well as to the others, and we will exchange large and small k (50) "Fifty dinars "or (100)" a hundred dinars, "equivalent to (50,000)" Fifty thousand "or (100,000)" a hundred thousand dinars, "at the present time, emphasizing change the currency does not affect the obligations with the States, or deal with it internally.
The committees and civic organizations and government figures and economists, have expressed their fear of change the currency, because of expectations that it will see a wide range of corruption after the introduction of the altered and forged new.
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10:58:10 / 10/2011
Khandan - Ali Naji
Explain the details of the Central Bank of Iraq Iraq's new currency which will be issued within three or four years to come, which will be in three languages, including Kurdish, including categories of mineral dinars.
The bank adviser said the appearance of Mohammed Saleh told the site (Khandan): The idea of changing the Iraqi currency began to mature gradually, although referral to the Economic Committee in the Federal Council of Ministers since (2007), indicating that the existing currency will go through two stages; first: Delete the zeros. The second restructuring, and launches the new currency for trading in the markets during the three or four years.
And the benefit of: The new currency will be in three languages (Arabic, Kurdish, English), as well as there are groups of small metal, indicating that the experience of changing the currency took place in many countries and have been successful, as in Turkey, Germany and Russia.
And delete the zeros, said the central bank adviser: The category Iraqi monetary deleted, including three zeros, ie, (1.000) "A thousand dinars," become "one dinar" only, as well as to the others, and we will exchange large and small k (50) "Fifty dinars "or (100)" a hundred dinars, "equivalent to (50,000)" Fifty thousand "or (100,000)" a hundred thousand dinars, "at the present time, emphasizing change the currency does not affect the obligations with the States, or deal with it internally.
The committees and civic organizations and government figures and economists, have expressed their fear of change the currency, because of expectations that it will see a wide range of corruption after the introduction of the altered and forged new.
[You must be registered and logged in to see this link.]
