Advisor Central Bank ~ introducing the mobile phone recharge cards will enhance the value of the dinar local currency
2010-04-01
BAGHDAD (Iba) ..
Description of the Central Bank of Iraq adviser to the decision to sell recharge cards (Rtat) Iraqi dinar instead of the dollar from the first day of April. Expected to contribute to enhance the value of local currency against the dollar.
Dr. appearance of Mohammed Saleh told the independent press (Iba) Thursday said the move was one of the programs adopted by the Bank's monetary policy in the fight against so-called "dollarization" any use of the currency of a foreign country Baltdaullac cash and filling the payment of Interior in foreign currency, which sets a monetary policy before the duplication great.
He said monetary policy has worked to make the Iraqi dinar currency attractive for the payment of accounts receivable transactions and discharge activity and support the policy.
Indicating that the dollarization (Dollarisation) is the country's citizens are using the foreign currency to the side or a substitute for the national currency.
Saleh expressed his hope that all payments are domestic local currency and not foreign that can be used to bridge the external payments and not internal.
Noting that the Bank's plans is seeking to become the Republic of Iraq Dinar is the only currency used for the discharge of receivables transactions.
The mobile phone companies operating in Iraq will begin offering scratch cards (Rtat) Iraqi dinar instead of the dollar from the first day of April.
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