Shabibi 4 months ago ~ Revaluing the Iraqi Dinar ~ Delete the zeros from the currency will raise the value and limits the inflation of the cash block
Monday, April 18, 2011
Central Bank Iraqi study how to raise the value of the dinar
BAGHDAD - Adel Mahdi Iraqi Central Bank announced that it is currently working on the preparation of a law regulating mechanism for the cancellation of three zeros from the Iraqi currency, and the valuation of the currency in circulation economic, external and internal, but he stressed that the House of Representatives is the owner of the final decision.
The adviser said the Central Bank of Iraq the appearance of Mohammed Saleh in a statement to Life:
Central Bank of Iraq has to submit a law to regulate the process of removing three zeros from the Iraqi currency, sending it to the Council of Ministers, and then to the House of Representatives, to decide ..
Then whether there is a need to take such decision. This is important and complex », stressing that« the central deal with this issue very carefully, because they may cause economic problems in the case of impulsive or perform any move that could disrupt the economic situation in the country.
The Iraqi Ministry of Finance announced in February (February) the past, that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund...
.. while the CBI believes that this process is complex and in need of a thorough study.
Also showed the International Monetary Fund in August (August) past support for the Iraqi economy in the event of his number of economic measures, including the allocation of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.
http://international.daralhayat.com/internationalarticle/256567
