Central: Print thousand paper of class 25 thousand does not cost $ 60

by **Ponee** Sun May 17, 2015 12:22 pm

Central: Print thousand paper of class 25 thousand does not cost $ 60

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BAGHDAD / Center Brief for the Iraqi Media Network (IMN) said Manager version in the Central Bank Ihsan al-Yasiri, the central Iraqi prints thousand paper of class 25 000 dinars in Arsn international companies at a cost of less than $ 60, noting that the bank will not spend significant financial liquidity for the printing of the new denominations because the cost of a few.

The Yasiri's (IMN) that "the central bank is serious about printing new cash categories that will be one of the two categories of 50 and 100 000 dinars, which is in the process of selecting designs and corporate printer."

He continued that "copyright decision of the powers of the Central Bank exclusively because it is part of the monetary policy, which can not interfere by any party, "stressing that" printed currency project is necessary to modify the Iraqi banknotes structure in preparation for the implementation of the project to delete the zeros. "

He pointed out that "the Iraqi dinar is very strong currency but restructuring banknote weak because the largest coin is a class of 25 dinars, equivalent to $ 22, and this weak structure makes the citizen prefer to deal instead of the dinar to the dollar. "

said Prime Minister for Economic Affairs Adviser appearance of Mohammed Saleh, earlier, that the draft Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country's economy, Mbenaaon Iraq is suffering a contraction in liquidity, whether in dollars or dinars as a monetary bloc in Iraq size of about 40 trillion dinars.
From: Sam Haj, edit: Laith Mohammad Reza