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Governor of the Central Bank, "...the Iraqi Dinar is not in danger of weakening..." and, "...the delete the zero’s is deferred."
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Governor of the Central Bank, "...the Iraqi Dinar is not in danger of weakening..." and, "...the delete the zero’s is deferred."
Another translation of this article...dated Jan 15, 2017
News now, “The CBI emphasized that the [situation surrounding the] Iraqi Dinar is fully under control. [Further] revealing that the [project of the] deletion of zeros from the currency is deferred for the time being.”
A few key notes from a press statement from the governor of the bank: he said, “The rumors surrounding the Iraqi dinar being at risk or prone to weakening and decline in comparison to such other currencies as the dollar, are not true.” adding that, “The dinar [situation] is fully under control and that [it is currently] being worked on.”
He went on to say that the Bank operates in accordance with the monetary and fiscal policies [of] which are managed accurately and meticulously and that the issue [regarding the] preservation of the Iraqi dinar is of his main concern and that it's at the heart of his work."
He also commented on the implementation of the process of deleting the zeros from the Iraqi currency:
A few key notes from that, he said, "…the Central Bank of Iraq did not specify a date for the deletion of the zeros from the dinar currency," noting that [the implementation thereof is] "…reliant upon the right conditions being met, of which the general stability within the country is included.
The central bank governor stressed about the need of being, “...certain about the guaranteed success of the program of deleting the zeros thereupon the implementation before ever starting out. The central bank will therefore continue its specialized preparations [in deferment] to provide for the best chances of success for when the deletion is implemented.”
So there we have it from a reliable source... it is going to happen. And it will happen when all check-boxes are marked and not a moment sooner.
CarniLvr79- Active Member
- Posts : 87
Join date : 2017-01-20
Age : 44
Re: Governor of the Central Bank, "...the Iraqi Dinar is not in danger of weakening..." and, "...the delete the zero’s is deferred."
Thank you for sharing ! And, welcome to Dinar Daily !
Ponee- Admin
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Join date : 2011-08-09
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