23/06/2011
Restructuring of rates for the development of the payments system
بغداد ـ الصباح Baghdad morning
Central Bank has decided, on Wednesday, the restructuring of the local currency in order to develop the payment system in the country.
The adviser said the Bank of the appearance of Mohammed Saleh said that "the Iraqi Central Bank has decided to start the execution of the strategic long-term, specializes in the restructuring of the local currency for the development of the payments system of Iraq," explaining that "the bank will raise the level of the local currency and the development of new currencies of up to $100, which that will address the economic gap in the system of financial payments."
The news agency quoted the "Rn" Saleh as saying that "this project, which started its work gradually, need to support the government and Parliament, especially that it will hold purchasing power compared Palmdjulat economy."
And demands that the International Monetary Fund Iraq 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, if Iraq's desire to receive support the International Fund.
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