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A new strategy to restructure the Iraqi currency
Categories of the Iraqi currency
23.06.2011
Hassan Rashid
Iraqi Central Bank has a new strategy to restructure the local currency after its monetary policy formed the backbone of the country's economy over the past eight years through to enable them to maintain the stability of the Iraqi dinar exchange rate against other currencies.
The consultant said the Central Bank of the appearance of Mohammed in an interview with Radio Free Iraq that the Bank is preparing to start applying the new strategy commensurate with the strength of the Iraqi currency and the positive developments of the Iraqi economy in the waiting stage.
According to data from the Central Bank of Iraq is currently trading about 29 trillion Iraqi dinars through five trillions of paper money, the monetary mass prescribed in favor of very considerable ability, indicating that the application of the strategy need to be approved by the government and parliament as it relates to a national very important.
The strategy includes new according to the benefit of the most prominent of several steps of the issuance of substantial monetary equivalent of up to one hundred U.S. dollars, and small, including coins.
For its part, says Chairman of the Finance Committee in the House of Representatives last Alaa al-Sadoun that the current situation of the Iraqi currency and enjoys the stability of the set for a restructuring.
Sadoun, but suggest that this measure alone is not enough to improve the Iraqi economy, but we must move the wheel of national development in general, especially with regard to activating the role of the private sector.
More details in the audio file:
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Categories of the Iraqi currency
23.06.2011
Hassan Rashid
Iraqi Central Bank has a new strategy to restructure the local currency after its monetary policy formed the backbone of the country's economy over the past eight years through to enable them to maintain the stability of the Iraqi dinar exchange rate against other currencies.
The consultant said the Central Bank of the appearance of Mohammed in an interview with Radio Free Iraq that the Bank is preparing to start applying the new strategy commensurate with the strength of the Iraqi currency and the positive developments of the Iraqi economy in the waiting stage.
According to data from the Central Bank of Iraq is currently trading about 29 trillion Iraqi dinars through five trillions of paper money, the monetary mass prescribed in favor of very considerable ability, indicating that the application of the strategy need to be approved by the government and parliament as it relates to a national very important.
The strategy includes new according to the benefit of the most prominent of several steps of the issuance of substantial monetary equivalent of up to one hundred U.S. dollars, and small, including coins.
For its part, says Chairman of the Finance Committee in the House of Representatives last Alaa al-Sadoun that the current situation of the Iraqi currency and enjoys the stability of the set for a restructuring.
Sadoun, but suggest that this measure alone is not enough to improve the Iraqi economy, but we must move the wheel of national development in general, especially with regard to activating the role of the private sector.
More details in the audio file:
[You must be registered and logged in to see this link.]
