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A Deputy Governor of Central Bank of Iraq, Ahmed Ibrihi that "the deletion of zeros from the Iraqi currency has nothing to do at the exchange rate and prices." Ibrihi said in a statement to the Agency all of Iraq on Sunday, said: "Some people imagine that the state wants to influence prices
Or exchange rate (a reduction or waiver) by the deletion of zeros and this is not true. "He added that" the deletion of zeros nothing to do with price and exchange rate and that the addition of larger groups of the currency does not require the deletion of zeros. "
He continued that "it is not expected to convene official in the state to promote a false consciousness about life and the promotion of economic illusions create disorder."
It should be noted that the "plan of deleting three zeros from the Iraqi currency is one of the proposed projects. Emphasizes economists that this project will facilitate cash transactions; because the handling of cash in Iraq is complex; due to the variation in currency exchange between the Iraqi dinar and the U.S. dollar, which could reach the cash transactions to the trillions the require complex calculations to see the results of those transactions in the profit and loss, and others. "
The Central Bank of Iraq has decided to restructure the local currency in order to develop the payment system in the country, and start execution of the strategic long-term, specializes in the restructuring of the local currency for the development of the payments system in Iraq.
The "International Monetary Fund calls Iraq a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq, if Iraq's desire to receive support the International Fund.
In the meantime, he saw the industrial expert Abdul Hassan Shammari that the deletion of zeros from the Iraqi currency is an achievement of the Central Bank will be recorded in the event was implemented, where the Bank announced its readiness to remove zeros from the currency, and added that the step is one of the functions of strategic him.
Al-Shammari said the Agency news on Sunday: the restructuring of the currency will not affect the Industry and Trade of Iraq, but it is a good step from the central bank will add an achievement that has been implemented in the event because it would ease a lot of effort to balance and trade shops.
Shammari said: This topic is very important and was supposed to be implemented some time ago, indicating that we are not the only country that has raised the zeros, Turkey deleted six zeroes from the currency and has become one of the lira.
The central bank had earlier announced its readiness to delete the zeros of the Iraqi currency, as he emphasized that this step is one of the strategic functions of the Bank, and pointed out that the new currency will contain the Kurdish language in addition to Arabic.
The adviser said the Iraqi Central Bank Governor appearance of Mohammed Saleh told Alsumaria News The "zeros added to the Iraqi currency during the last period, formed a cluster of large cash $ 28 trillion and 500 billion Iraqi dinars nearly five trillion paper money," noting that "the Bank prepared the supplies all the to delete the zeros from the currency. "
Saleh added that "the process is one of the strategic functions of the Central Bank of Iraq," adding that "monetary policy of the Bank based on the structure and reduce the volume of currency in a country moving to the stage of the economy."
Salih stressed that "the project to delete the zeros have been completed and will be presented to the management of the Central Bank of Iraq during its next meeting, and then will be submitted to the Council of Ministers to be presented to the House of Representatives for a vote," pointing out that "the mechanisms of switching and changing the currency would gradually be preceded by awareness campaigns to citizens. "
He added that the benefit of "the new currency that will be printed after the deletion of zeros will contain the Kurdish language in addition to Arabic, as well as some pictures that refer to the heritage and civilization of Iraq and symbols of Iraqi scientists and intellectuals."
The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, who held on June 19 now, ready to create all the supplies to replace the Iraqi currency.
In turn, said a member of the Finance Committee, House of Representatives of Iraq, that the committee did not address the issue so far to change the Iraqi currency.
She said Najiba Najib told the Kurdish news agency that he "had not been talking so far in the parliamentary Finance Committee, on the issue of changing the Iraqi currency, having met some time ago the Governor of Central Bank of Iraq and the Minister of Finance, has not had discussions in this regard so far."
She Najiba that "the Iraqi dinar exchange rate compared with the U.S. dollar is stable at the present time, the central bank could maintain the stability of the Iraqi dinar exchange rate against the dollar."
"The currency change would not cause a rise in the value Aldenarabraghi, and there are a number of accounting measures should be taken by the central bank, in order to stabilize the dinar exchange rate, including the buying and selling bonds, and dealing with international banks in various countries."
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A Deputy Governor of Central Bank of Iraq, Ahmed Ibrihi that "the deletion of zeros from the Iraqi currency has nothing to do at the exchange rate and prices." Ibrihi said in a statement to the Agency all of Iraq on Sunday, said: "Some people imagine that the state wants to influence prices
Or exchange rate (a reduction or waiver) by the deletion of zeros and this is not true. "He added that" the deletion of zeros nothing to do with price and exchange rate and that the addition of larger groups of the currency does not require the deletion of zeros. "
He continued that "it is not expected to convene official in the state to promote a false consciousness about life and the promotion of economic illusions create disorder."
It should be noted that the "plan of deleting three zeros from the Iraqi currency is one of the proposed projects. Emphasizes economists that this project will facilitate cash transactions; because the handling of cash in Iraq is complex; due to the variation in currency exchange between the Iraqi dinar and the U.S. dollar, which could reach the cash transactions to the trillions the require complex calculations to see the results of those transactions in the profit and loss, and others. "
The Central Bank of Iraq has decided to restructure the local currency in order to develop the payment system in the country, and start execution of the strategic long-term, specializes in the restructuring of the local currency for the development of the payments system in Iraq.
The "International Monetary Fund calls Iraq a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq, if Iraq's desire to receive support the International Fund.
In the meantime, he saw the industrial expert Abdul Hassan Shammari that the deletion of zeros from the Iraqi currency is an achievement of the Central Bank will be recorded in the event was implemented, where the Bank announced its readiness to remove zeros from the currency, and added that the step is one of the functions of strategic him.
Al-Shammari said the Agency news on Sunday: the restructuring of the currency will not affect the Industry and Trade of Iraq, but it is a good step from the central bank will add an achievement that has been implemented in the event because it would ease a lot of effort to balance and trade shops.
Shammari said: This topic is very important and was supposed to be implemented some time ago, indicating that we are not the only country that has raised the zeros, Turkey deleted six zeroes from the currency and has become one of the lira.
The central bank had earlier announced its readiness to delete the zeros of the Iraqi currency, as he emphasized that this step is one of the strategic functions of the Bank, and pointed out that the new currency will contain the Kurdish language in addition to Arabic.
The adviser said the Iraqi Central Bank Governor appearance of Mohammed Saleh told Alsumaria News The "zeros added to the Iraqi currency during the last period, formed a cluster of large cash $ 28 trillion and 500 billion Iraqi dinars nearly five trillion paper money," noting that "the Bank prepared the supplies all the to delete the zeros from the currency. "
Saleh added that "the process is one of the strategic functions of the Central Bank of Iraq," adding that "monetary policy of the Bank based on the structure and reduce the volume of currency in a country moving to the stage of the economy."
Salih stressed that "the project to delete the zeros have been completed and will be presented to the management of the Central Bank of Iraq during its next meeting, and then will be submitted to the Council of Ministers to be presented to the House of Representatives for a vote," pointing out that "the mechanisms of switching and changing the currency would gradually be preceded by awareness campaigns to citizens. "
He added that the benefit of "the new currency that will be printed after the deletion of zeros will contain the Kurdish language in addition to Arabic, as well as some pictures that refer to the heritage and civilization of Iraq and symbols of Iraqi scientists and intellectuals."
The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, who held on June 19 now, ready to create all the supplies to replace the Iraqi currency.
In turn, said a member of the Finance Committee, House of Representatives of Iraq, that the committee did not address the issue so far to change the Iraqi currency.
She said Najiba Najib told the Kurdish news agency that he "had not been talking so far in the parliamentary Finance Committee, on the issue of changing the Iraqi currency, having met some time ago the Governor of Central Bank of Iraq and the Minister of Finance, has not had discussions in this regard so far."
She Najiba that "the Iraqi dinar exchange rate compared with the U.S. dollar is stable at the present time, the central bank could maintain the stability of the Iraqi dinar exchange rate against the dollar."
"The currency change would not cause a rise in the value Aldenarabraghi, and there are a number of accounting measures should be taken by the central bank, in order to stabilize the dinar exchange rate, including the buying and selling bonds, and dealing with international banks in various countries."
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