FROM 2011 -- CBI denies issuing currency in 50 thousand Iraqi dinars

CBI denies issuing currency in 50 thousand Iraqi dinars
23/11/2011 12:15



Baghdad,
November 23 (Rn) - denied the Iraqi Central Bank, Wednesday, his work
on the currency issue a new category of 50 thousand dinars.

Sums
of money The deputy governor of the Central Bank of the appearance of
Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank
of Iraq did not decide to issue a new currency in 50 thousand dinars."

"The
Central Bank continues to organize the purchasing power of the country
and support the value of the Iraqi dinar against the U.S. dollar and the
value added any new currency are not taken until after the Iraqi
Council of Representatives approved a project to restructure the
currency and delete zeros from them."

The Agency (Rn) has
published a story Monday on the tongue of the benefit that the central
bank is working to issue currency in 50 thousand dinars.

The main
tasks of the Iraqi Central Bank to maintain price stability, and the
implementation of monetary policy, including exchange rate policies, and
management of reserves of foreign currency, and the issuance of
currency management, as well as to regulate the banking sector.

The
Central Bank of Iraq announced in June 22 last he decided to
restructure the local currency in order to develop the payment system in
the country.

And the International Monetary Fund expressed
support for the Iraqi economy in the event of his a number of economic
measures, including the privatization of banks and lifting the three
zeroes from the local currency and honoring debt and compensation is the
responsibility of Iraq.

The Iraqi government has denied any change in the local currency this year in order to reduce inflation.

The
local currency of Iraq has gone through several changes in its history,
most recently in 2004 when the former Governing Council replaced the
previous currency, which was a symbol of the former regime

(the
value added any new currency are not taken until after the Iraqi
Council of Representatives approved a project to restructure the
currency and delete zeros from them.")

Adding a new value to the Dinar plus removing he zeros needs approval from the Iraqi Council of Representatives. (anyone know of any Iraqi law stating Shabibi can override ICR and just push the trigger?) ...





So is it fair to say that if any changes had taken place regarding the dinar in house, in country, it would of been stated within the article...