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Central Bank submit a proposal for the formation of a committee to delete the zeros of the local currency
24 May, 2012 06:56:00
The Central Bank has provided a proposal to form a joint committee shall study the decision to delete the zeros from the currency comprising representatives of the Central Bank of Iraq and the Council of Ministers and Vice specialists from Parliament.
The Deputy Governor of the Bank Mazhar Mohammad Saleh said that the process of removing zeros from the currency is to restructure the currency, and reduce the amount of circulation, and throwing the mean and reduces the number of securities traded, explaining that the issuance of a new currency must be commensurate with the new phase in which it operates Iraq to overcome the conflicts and wars, to the central bank announced a reduction of the difference in value of the dinar exchange rate to 4% after it was 7%, while assuring that the process of raising its value in the Iraqi market and make the dollar worth 1000 dinars.
In the name of Akram intruder
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24 May, 2012 06:56:00
The Central Bank has provided a proposal to form a joint committee shall study the decision to delete the zeros from the currency comprising representatives of the Central Bank of Iraq and the Council of Ministers and Vice specialists from Parliament.
The Deputy Governor of the Bank Mazhar Mohammad Saleh said that the process of removing zeros from the currency is to restructure the currency, and reduce the amount of circulation, and throwing the mean and reduces the number of securities traded, explaining that the issuance of a new currency must be commensurate with the new phase in which it operates Iraq to overcome the conflicts and wars, to the central bank announced a reduction of the difference in value of the dinar exchange rate to 4% after it was 7%, while assuring that the process of raising its value in the Iraqi market and make the dollar worth 1000 dinars.
In the name of Akram intruder
[You must be registered and logged in to see this link.]
