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The restructuring of the Iraqi currency
Friday, 24 June 2011 14: 45
The Central Bank of Iraq was completed a new strategy for the restructuring of the local currency, having formed the mainstay of the monetary policy of the country's economy over the past eight years, through to maintaining the stability of the dinar against other currencies.
The Central Bank adviser says the appearance of Mohamed Saleh, the Bank is preparing to launch new strategy commensurate with the Iraqi currency strength and the positive developments in the Iraqi economy awaits.
According to data of the Central Bank of Iraq is deliberated about 29 trillion dinars over five trillion paper cash, cash describes valid block too big, noting that the implementation of the strategy need the approval of the Government and Parliament because they relate to crucial national command.
The new strategy includes several steps in favour of a big cash categories up to the equivalent of 100 dollars, and other small including coins.
For its part says the Chairman of the Finance Committee in the former House of Alaa Al-saadun, the current situation of the Iraqi currency and its stability is geared to conduct restructuring.
But saadun indicates that this measure alone is not enough to push the Iraqi economy, but must move the wheel overall national development, particularly with regard to activate the role of the private sector
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Friday, 24 June 2011 14: 45
The Central Bank of Iraq was completed a new strategy for the restructuring of the local currency, having formed the mainstay of the monetary policy of the country's economy over the past eight years, through to maintaining the stability of the dinar against other currencies.
The Central Bank adviser says the appearance of Mohamed Saleh, the Bank is preparing to launch new strategy commensurate with the Iraqi currency strength and the positive developments in the Iraqi economy awaits.
According to data of the Central Bank of Iraq is deliberated about 29 trillion dinars over five trillion paper cash, cash describes valid block too big, noting that the implementation of the strategy need the approval of the Government and Parliament because they relate to crucial national command.
The new strategy includes several steps in favour of a big cash categories up to the equivalent of 100 dollars, and other small including coins.
For its part says the Chairman of the Finance Committee in the former House of Alaa Al-saadun, the current situation of the Iraqi currency and its stability is geared to conduct restructuring.
But saadun indicates that this measure alone is not enough to push the Iraqi economy, but must move the wheel overall national development, particularly with regard to activate the role of the private sector
[You must be registered and logged in to see this link.]
