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ECONOMIST: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS       DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

ECONOMIST: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS

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Post by Ponee Tue Oct 06, 2015 10:58 am

ECONOMIST: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS      

Special - scales News

Stressed the economic expert Abdul Hassan al-Shammari, Sunday, that the life span of banknotes 3 months and Mineral currency 25-year-old.

Al-Shammari said L / scales News / "The life span of coin for a class of 250, 500 and 1,000 dinars is 25 years, and this long-term will save the state huge amounts of paper currency printing costs as those paper categories fast trading and consume every 3 months and will save the state 250 million dollars per year and this number is very large."

He said economic expert, that "the process of removing zeros from the currency will provide a great time of employee hours and be the largest in the daily and final accounts accuracy", adding that "on the executive Council of Ministers to re-submit this law to the House of Representatives, and accelerates and Parliament by approving the provision of such amounts huge budget. "

The "Iraq used coin in the sixties and seventies of the last century, and even the demise of the market traded in the Iran-Iraq war," .anthy 29 n /

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