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Iraq plans to issue a new currency in 50 dinars after deletion of zeros

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Iraq plans to issue a new currency in 50 dinars after deletion of zeros Empty Iraq plans to issue a new currency in 50 dinars after deletion of zeros

Post by dineman Wed Nov 23, 2011 2:34 pm

Corrector - Iraq plans to issue a new currency in 50 dinars after deletion of zeros
23/11/2011 15:26


Baghdad,
November 23 (Rn) - Iraq's central bank said it plans to issue a new
currency from the category of 50 dinars after deletion of zeros which is
equivalent to $ 50 thousand dinars at the moment.

Komaki haiti,
Para, Money According to the information published (Rn), two days before
the central bank is working on the version of class 50 thousand Iraqi
Dinars. Category that occurs while the Bank issued in the future is 50 dinars,and this is done after deletion of zeros.

It
examines the Iraqi Central since June last deleting three zeros from
the local currency in an attempt to promote the value of currency in
circulation, external and internal. The Kurdish language will be added
to the new currency as well as Arabic.

The deputy governor of the
Bank in favor of the appearance of the Kurdistan News Agency (Rn) that
"the Central Bank of Iraq is working to issue new paper currency after
deletion of zeros will be the class of 50 dinars which is equivalent to the current 50 thousand dinars."

And
Abdul Hussein Al-Anbuge economic adviser in the Iraqi government has
said (Rn) in September / September The process will delete the zeros of
the phenomenon of money laundering.

The class of 25 thousand
Iraqi dinars largest currency in the country in terms of value. Saleh
said that the purchasing power of the currency does not exceed $ 22.

Saleh added that the Central Bank is also working on re-issue coins to the absence of these categories at the moment.

The Central Bank of Iraq issued after the fall of the former regime, Coins of the categories of 25 and 50 and 100 dinars after a break of more than 15 years.

Saleh
said, "will be the new currency in the Kurdish language in addition to
Arabic. Will include currency symbols reflect the civilization of Iraq
and the diversity of sects."

Economic analysts say that because of the low-lying value of the coins, the central bank had been withdrawn since 2009.

According to Trade Bank of Iraq that the lifting of the zeroes from the currency will not affect the economy.

The
Ministry of Finance of Iraq that the deletion of zeros will liberate
the Iraqi economy from the constraints and enhance the value of the
dinar in the International Monetary Fund.


He
expressed the IMF in August / August, his support for the Iraqi economy
in the event of its number of economic measures, including raising three
zeros from the local currency.

The Iraqi dinar is the official
currency in the country and issued by the Central Bank. The value of one
U.S. dollar is less than 1,200 dinars.

The main tasks of the
Central Bank in managing monetary policy in the country and raise the
level of the value of Iraqi dinar and tackle inflation in the country.

The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul.

[color:51ca=#f00]

dineman
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