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Adivsor to Maliki says don't change currency
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Adivsor to Maliki says don't change currency
Found this out there today. It's hard to imagine having an RV yesterday with this kind of stuff floating around today.
Invited Advisor to the Prime Minister for Economic Affairs, Thursday, the Central Bank of Iraq to stop the procedures for changing currency, warning of "maviat" preparing for counterfeiting trillions of exploiting dinars change currency, stressed that it would result in enormous cash block are difficult to face.
Abd al-Husayn al-anbaki said in an interview for "Sumerian news", "the Central Bank of Iraq if he insisted on continuing to raise the zeros and change the currency, it will commit a mistake under unstable economic conditions in Iraq, which would have a negative impact on the economy", calling on him to "stop and lift the zeros in the moment".
He added Al-Anbuge to "lift zeros biggest corruption in Iraq if it was during this period, under the name absurd economic," maviat done gears of counterfeiting trillions of Iraqi dinars for the change in light of the upcoming changes.
The Central Bank of Iraq was declared on 23 June last, ready to delete the zeros of Iraqi currency, and stressed that this step is the Bank's strategic posts, he noted that the new currency with the Kurdish language in addition to Arabic.
He suggested Al-Anbuge "currency is not changed after ten years at least after that stabilize State institutions and the economic situation, and improve the standard of living of the people, and adjusts the quality exporting currency and mechanisms, as well as curbing corruption", pointing out that "in the current situation, this stray procedure will have a significant impact, and we block huge cash graduated and will face money laundering and counterfeiting operations and corruption of large uncontrollable."
Al-anbaki stressed that "the Iraqi market began operating pessimistic and optimistic work through vulnerability to supply levels, it also influenced the behaviour of producers and consumers and on all economic dependency variables in Iraq needs to more economic stability."
The Iraqi Central Bank Governor Sinan Al-Shabibi said during a meeting of independent bodies with Prime Minister Nouri al-Maliki and held, in the 19 June 2011, ready to initialize all items to replace the Iraqi currency.
The Central Bank of Iraq, has four branches in Basrah, Sulaymaniyah, Erbil, Mosul, where a separate Iraqi bank was established under the Central Bank of Iraq Act of 6 March 2004, and is responsible for maintaining price stability and the implementation of monetary policy including exchange rate policies and management of foreign reserves and currency management version, in addition to regulating the banking sector.
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