World Arab Union of Bankers posts article: The Central Bank of Iraq revealing details of his new Iraq
Posted: September 1, 2011
Detection of the Iraqi Central Bank, announced that the new Iraqi currency be lifted by three zeroes, stating that he had conducted an exhaustive study concluded that lifting the Iraqi currency would strengthen the zeros.
Deputy Governor Central Bank of Iraq the appearance of Mohamed Saleh, “the Central Bank is determined to raise three zeros from the new Iraqi currency, the Government introduced its House, and is awaiting the decision of the Government and the House”.
Economists, shows that the process of deleting the three zeros from the Iraqi currency will raise its value and increased purchasing power of citizens, pointing to the need to pursue policies to persuade citizens and get calm for a period not exceeding two years.
And the “draft three zeros from the currency lifted by the Government five years ago to the Central Bank, and throughout this period to have undergone extensive study resulted in the need to strengthen the currency lifted zeros.”
“Delete zeros strengthened Iraqi currency and reduce the cost of cash handling and currency current estimated today, dinars by trillions make monetization process with a high cost.”
The Central Bank of Iraq had begun consideration of an amendment last year dinar categories. A large part of the payments still being cash because the evolution of the banking system.
The head of the Iraq Securities Commission, emphasized earlier, that the deletion of the zeros of Iraqi currency in circulation will not affect the Bourse (trading) and its shares.
http://bit.ly/oz7KOU
Posted: September 1, 2011
Detection of the Iraqi Central Bank, announced that the new Iraqi currency be lifted by three zeroes, stating that he had conducted an exhaustive study concluded that lifting the Iraqi currency would strengthen the zeros.
Deputy Governor Central Bank of Iraq the appearance of Mohamed Saleh, “the Central Bank is determined to raise three zeros from the new Iraqi currency, the Government introduced its House, and is awaiting the decision of the Government and the House”.
Economists, shows that the process of deleting the three zeros from the Iraqi currency will raise its value and increased purchasing power of citizens, pointing to the need to pursue policies to persuade citizens and get calm for a period not exceeding two years.
And the “draft three zeros from the currency lifted by the Government five years ago to the Central Bank, and throughout this period to have undergone extensive study resulted in the need to strengthen the currency lifted zeros.”
“Delete zeros strengthened Iraqi currency and reduce the cost of cash handling and currency current estimated today, dinars by trillions make monetization process with a high cost.”
The Central Bank of Iraq had begun consideration of an amendment last year dinar categories. A large part of the payments still being cash because the evolution of the banking system.
The head of the Iraq Securities Commission, emphasized earlier, that the deletion of the zeros of Iraqi currency in circulation will not affect the Bourse (trading) and its shares.
http://bit.ly/oz7KOU