Went to support the parliamentary monetary policy of the Central Bank

Went to support the parliamentary monetary policy of the Central Bank
.: 9 Baghdad / justice - 27/06/2012 - 1:43 | Hits: 9
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.. Moving the legislature to support the central bank policy on the removal of zeros from the currency. .. The central bank says it completed a road map to get rid of three zeros from the currency to reduce the money supply and ease of financial transactions in line with the new situation of the Iraqi economy.

.ة". A member of the Finance Committee parliamentary Najiba Najib said that "there is a tendency by the legislature to support a political central bank re-structuring of the currency and delete zeros at the beginning of next year." She explained that "the subject began to mature day by day for the members of the Finance Committee and the Economic Commission," noting "The preparations of the central bank to implement the project under way, but it is incomplete yet." She drew the answer to that "the project will be implemented over two years by government banks, and will be part of the new currency coins of small denominations as there will be coins large corresponding to $ 180 any 200 000 Iraqi dinars from the current currency. "she said," through discussions extensive with the central bank and what has been providing us with the studies from the World Bank, the project aims to support the Iraqi currency as well as introduction of new categories of currency markets as well as reduce the size of the money supply, as well as the inclusion of Arabic and Kurdish in the currency. "

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