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Central Bank of Iraq announced that the deletion of zeros from the currency will equal between the dollar and Iraqi dinar
05/30/2012
Views: 89
Central Bank of Iraq that "the deletion of zeros from the currency of the country will be transferred from the country of billions to trillions, while stressing that the project still needs the approval of parliament and the government."
The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh said that "the project to delete three zeros from the Iraqi currency from Iraq will be moved from numbers 10 to the 12 to 10 to the 9".
Saleh added that "the project is different from the issuance of a new currency which entail not only the deletion of three zeros from the Iraqi currency, but delete the three places a calculation of the Republic of Iraq, which starts from the budget of the family and ending with the general budget of the State", stressing that "the project infrastructure of incomplete Bosasha and concepts of the bank.
Saleh pointed out that "the project is a logical scientific economic importance lies not only reduce the amount of currency, but also reduce the computational reproduction, which would reduce the operational risks because of the large numbers and the large number of errors resulting from it."
To this: the Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar.
The deputy governor of the Bank Mazhar Mohammad Saleh said that "the central bank began to apply the new strategy will emerge where the equation is equal dinar and the dollar if it is available the appropriate atmosphere.
"The new strategy will work to increase the capacity of the dinar as a step in the way of fixing the financial system and stimulate the economy, Iraq and then proceed to delete the zeros of the project out an equation in which the dinar is equal to the dollar."
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05/30/2012
Views: 89
Central Bank of Iraq that "the deletion of zeros from the currency of the country will be transferred from the country of billions to trillions, while stressing that the project still needs the approval of parliament and the government."
The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh said that "the project to delete three zeros from the Iraqi currency from Iraq will be moved from numbers 10 to the 12 to 10 to the 9".
Saleh added that "the project is different from the issuance of a new currency which entail not only the deletion of three zeros from the Iraqi currency, but delete the three places a calculation of the Republic of Iraq, which starts from the budget of the family and ending with the general budget of the State", stressing that "the project infrastructure of incomplete Bosasha and concepts of the bank.
Saleh pointed out that "the project is a logical scientific economic importance lies not only reduce the amount of currency, but also reduce the computational reproduction, which would reduce the operational risks because of the large numbers and the large number of errors resulting from it."
To this: the Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar.
The deputy governor of the Bank Mazhar Mohammad Saleh said that "the central bank began to apply the new strategy will emerge where the equation is equal dinar and the dollar if it is available the appropriate atmosphere.
"The new strategy will work to increase the capacity of the dinar as a step in the way of fixing the financial system and stimulate the economy, Iraq and then proceed to delete the zeros of the project out an equation in which the dinar is equal to the dollar."
[You must be registered and logged in to see this link.]
