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CBI delays Iraq currency restructure and redenomination   DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

CBI delays Iraq currency restructure and redenomination

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CBI delays Iraq currency restructure and redenomination   Empty CBI delays Iraq currency restructure and redenomination

Post by IQD4US on Thu Oct 11, 2012 1:10 am

08-10-2012 - 07:00






CBI delays Iraq currency restructure and redenomination   ArrowSelected The Central Bank of Iraq decided on Sunday to delay the implementation of Iraqi currency restructuring and redenomination which consists of removing three zeroes from the currency.

The new currency should be put in market at the beginning of the year of implementation and not during the year, the Bank noted.

CBI was informed about the delay to apply Iraqi currency restructure and redenomination. The necessity to fully coordinate with the executive and legislative authorities requires delaying this project, CBI said in a statement which Alsumaria received a copy of.

“This project bears within a vital importance for our country, economy and community”, CBI stated.

The Central Bank of Iraq stressed the necessity to put the new Iraqi currency in market at the beginning of the year of implementation and not during the year, it concluded.


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CBI delays Iraq currency restructure and redenomination   Empty Re: CBI delays Iraq currency restructure and redenomination

Post by Guest on Thu Oct 11, 2012 1:35 am




Haitham al-Jubouri called "central" to raise the value of the Iraqi dinar against the dollar
Special Reports

Baghdad and agencies

Wednesday, October 10 / October 2012 10:10:11 GMT
A member of a coalition of state law, MP Haitham al-Jubouri that the Iraqi currency recent بالآونة witnessed great volatility represented in the low price of the Iraqi dinar against the U.S. dollar and this dire economic damaging of all citizens calling on the central bank to work on raising the value of the Iraqi dinar against the U.S. dollar exchange rate.

Jubouri said the central bank should take its role in this issue as the issue price of the dinar based on supply and demand and therefore must move toward maintaining the value of the Iraqi dinar and the equivalence in U.S. dollars.

Jubouri said it is necessary to do no harm Iraqi dinar and the national economy as a whole. Before the adoption of the budget in 2012 in order to budget properly determined. Adding that currency volatility prices borne by the central bank and traders.


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