Thursday June 23, 2011Central Bank of Iraq to restructure the Iraqi currency
Iraqi Central Bank announced that it has decided to restructure the local currency in order to develop the payment system in the country.
A source familiar with the Bank in a press statement that "the Iraqi Central Bank has decided to start implementing a project specializes in long-term strategic restructuring of the local currency for the development of the payments system in Iraq."
He added that "the central bank will raise the level of local currency and the currencies of developing new approaches to reach U.S. $ 100 and that would address the economic gap in the financial payments system in the country."
He continued that "the project of restructuring the local currency, which started gradually need to support the government and parliament that will organize the purchasing power compared Palmdjulat economy."
He expressed the IMF in August / August, his support of the Iraqi economy in the event of his a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.
The Iraqi government has denied making any change to the local currency this year to reduce inflation.
The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was the symbol of the deposed regime.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector
http://alrayy.com/25156.htm
June 22, 2011
The Central Bank of Iraq that monetary policy is able to reduce the persistence of high inflation in the country.
The adviser said the central bank for the appearance of Mohammed in a press statement that monetary policy and through the Central Bank of Iraq has a legal and financial tools to meet the continuing high inflation in the country.
He added that the current annual inflation still under control because it did not exceed one decimal place, which is Tabaaa is real and there is a tendency to reduce it.
He said the continued high rate of inflation in the country because of lack of diversification of imports of the Iraqi economy and the decline of the private sector in the ability to meet the capital goods imported.
http://alrayy.com/Newpaper/Issue/143/3
The Central Bank of Iraq that monetary policy is able to reduce the persistence of high inflation in the country.
The adviser said the central bank for the appearance of Mohammed in a press statement that monetary policy and through the Central Bank of Iraq has a legal and financial tools to meet the continuing high inflation in the country.
He added that the current annual inflation still under control because it did not exceed one decimal place, which is Tabaaa is real and there is a tendency to reduce it.
He said the continued high rate of inflation in the country because of lack of diversification of imports of the Iraqi economy and the decline of the private sector in the ability to meet the capital goods imported.
http://alrayy.com/Newpaper/Issue/143/3
