_Today's article_
Snip ~ The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place in the 19 of June 2011, ready to create all the supplies to replace the Iraqi currency .. (links at end of post)
Thursday, 25 August 2011
Economic adviser to Maliki demanded not to change the currency, and warns of a "mafia" is preparing to exploit
Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge called for an adviser to Prime Minister for Economic Affairs, on Thursday, the Iraqi Central Bank to stop the action to change the currency, warned of "mafias currency" is preparing to rig the trillions of dinars exploited to change the currency, he stressed that it will result in a mass of cash huge hard face. said Abdul-Hussein Anbuge in an interview for "Alsumaria News".
"Central Bank of Iraq if they insisted on continuing to raise zeros and change the currency, it will make a big mistake in light of economic conditions is stable in Iraq, which will leave a negative impact on the economy", calling on him to "stop and not to raise the zeros at the moment."
He Anbuge "Raising the zeros is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic," warning "mafias currency is preparing to rig the trillion Iraqi dinars to change in light of anticipated changes ".
Continues ..
The Iraqi Central Bank announced on 23 June, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.
Suggested Anbuge, that "is change the currency after ten years at least, and after settling the state's institutions and the economic situation, and improve people's living standards, and controls the quality of issued currency and mechanisms, as well as curbing corruption, "pointing out that" in the lost current conditions, this procedure would leave a significant impact, He graduated from our block cash are enormous and will face money laundering and fraud and corruption chief can not control. " stressed Anbuge that "the Iraqi markets have started to work expectations pessimistic and optimistic work through the affected levels of supply demand, as they influenced the behavior of producers, consumers and all economic variables, by extension, in time Iraq needs economic stability more."
The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place in the 19 of June 2011, ready to create all the supplies to replace the Iraqi currency. The Central Bank of Iraq, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, which was established as a bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, in addition to regulate the banking sector.
http://www.alsumarianews.com/ar/3/26988/news-details-.html
Iraq’s Central Bank to delete zeros from Iraqi currency ...
Central Bank declares its readiness to start deleting zeros from the Iraqi currency ...