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 01 AUG 12 Next week ... The Finance Committee with central new currency designs

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IQD4US
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PostSubject: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 3:35 am

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.baghdad-news.com%2Fhome.asp%3Fmode%3Dmore%26NewsID%3D46787%26catID%3D10%26writerID%3D0

Last updated: 2012/8/1



Looking parliamentary Finance Committee next week with an interview with representatives of Central Bank of several axes within the Bank highlighted the new currency designs and categories.

The Iraqi Central Bank works to switch currency and contribute to the Finance Committee in its work by choosing designs and currency many actions as regulatory authority owns.

She is a member of the Committee and MP for the Liberal block Magda El-Tamimi: "the Committee will meet with Central Bank Governor Sinan Al-Shabibi" to complement the themes raised them most.

Tamimi said "that the Committee addressed the currency changeover procedures, design and category and the safety factor, and discuss measures to control the currency switch.

According to the parliamentary Finance Committee member, MP for the Liberal block "that the Committee will visit the Central Bank next week the value of the dinar against the dollar and so on".

The Central Bank is continuing his steps to delete the three zeros from the currency and demanded the Government wait switch currency at the time, the Bank had earlier noted its intention to put the new currency beginning in 2013
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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 3:39 am


Member of the Syrian economy and excludes the impact of crises to the dollar compared to dinars



Baghdad-follow-up

Member of the Committee ruled out the economy and investment Deputy/Iraqi/coalition Qusay Fri, increased demand for dollar when continuing political crisis in Syria and Iran, that trade will be between Iraq and those States.

Juma said that: the crisis in Syria and the economic sanctions imposed on Iran will not affect Iraqi currency in terms of increase or reduction of the unstable situation in these countries has made trade between them and Iraq.

He added: that Iran and Syria received the hard currency of Iraq through the business processes of any import and export goods or through Exchange, illegal operations are limited to the Central Bank imposes control on the sale of the dollar in the domestic market.

He noted: the political and security conditions in unstable Iraq pushed Iran to ease commercial exchanges with them, what makes the demand for the dollar will diminish in the coming period and provides an opportunity for the Central Bank to implement its policy to reduce the value of the dollar against the Iraqi dinar.

And both Iran and Syria of political and economic crises, as Iran would impose international economic sanctions by the UN Security Council over its nuclear programme, while Syria in crisis.
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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 3:48 am

cashingIn
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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 10:59 am

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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 11:15 am

abby ann wrote:

did i miss it
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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 1:59 pm

punisher wrote:

I do that too, punisher. Unfortunately, it's with Monopoly money for now. Just practicing for when its real US greenbacks.

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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 2:02 pm

Treasury notes will be better-Wink
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PostSubject: Re: 01 AUG 12 Next week ... The Finance Committee with central new currency designs   Wed Aug 01, 2012 2:03 pm

terbo56 wrote:
Treasury notes will be better-Wink

Oops....my bad. You are so right, Terbo! Razz

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