Home
19 GMT Member Attorney Haitham Al-Juburi of the Finance Committee Alsumaria news/Baghdad
The parliamentary Finance Committee revealed, Tuesday, that the deletion of zeros and replace the Iraqi currency would be early January 2013, indicated it will start printing the new currency in various categories.
Finance Committee Member said in an interview for al-Haitham "Sumerian news" January next year will delete the three zeros 2013 and replacement of currency, "he said, adding that" starting from September 2012, will next direct printing new currency by various categories. "
Jaburi said that "the process of replacing the old currency will continue year old should be withdrawn in full during the first six months of the year 2014", stating that "delete the three zeros and replace would preserve stability in Iraqi currency and reducing the demand for hard currency.
He Al-Juburi said Iraqi Central Bank allayed all fears concerning money-laundering and forgery during the process of replacing the old with the new currency, "he" possesses a special body to combat money laundering. "
Jaburi said that "reform of currency management system into the work of the Central Bank and to delete zeros is a strategic functions," the Finance Committee in Parliament supports the policy of the Central Bank of Iraq in that direction ".
Issued by the Secretariat of the Council of Ministers on 12 April 2012, a decision to wait in the application deleting zeros from the currency and requiring all the procedures relating to stop the process until further notice.
Some economists believe that Iraq is not initialized at this time to delete the zeros of the Iraqi dinar, pointing out that this step requires political stability and security, along with economic stability.
The Iraqi Central Bank, announced in January 2012, intended to put three large segments of the Iraqi dinar include 200, 100 and 50 dinars after deleting three zeros from the currency, he said the process of replacing the currency take two years.
And the foundations of the Central Bank of Iraq as an independent bank under its law of 6 March 2004, as an independent body and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and currency issuance and management, in addition to banking sector regulation to promote competitive and independent financial system.
[You must be registered and logged in to see this link.]
The parliamentary Finance Committee revealed, Tuesday, that the deletion of zeros and replace the Iraqi currency would be early January 2013, indicated it will start printing the new currency in various categories.
Finance Committee Member said in an interview for al-Haitham "Sumerian news" January next year will delete the three zeros 2013 and replacement of currency, "he said, adding that" starting from September 2012, will next direct printing new currency by various categories. "
Jaburi said that "the process of replacing the old currency will continue year old should be withdrawn in full during the first six months of the year 2014", stating that "delete the three zeros and replace would preserve stability in Iraqi currency and reducing the demand for hard currency.
He Al-Juburi said Iraqi Central Bank allayed all fears concerning money-laundering and forgery during the process of replacing the old with the new currency, "he" possesses a special body to combat money laundering. "
Jaburi said that "reform of currency management system into the work of the Central Bank and to delete zeros is a strategic functions," the Finance Committee in Parliament supports the policy of the Central Bank of Iraq in that direction ".
Issued by the Secretariat of the Council of Ministers on 12 April 2012, a decision to wait in the application deleting zeros from the currency and requiring all the procedures relating to stop the process until further notice.
Some economists believe that Iraq is not initialized at this time to delete the zeros of the Iraqi dinar, pointing out that this step requires political stability and security, along with economic stability.
The Iraqi Central Bank, announced in January 2012, intended to put three large segments of the Iraqi dinar include 200, 100 and 50 dinars after deleting three zeros from the currency, he said the process of replacing the currency take two years.
And the foundations of the Central Bank of Iraq as an independent bank under its law of 6 March 2004, as an independent body and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and currency issuance and management, in addition to banking sector regulation to promote competitive and independent financial system.
[You must be registered and logged in to see this link.]
