Ministers exclude cancel the zeros from the currency and seek to raise the value of the Iraqi dinar

General Secretariat of the Council of Ministers exclude cancel the zeros from the currency and seek to raise the value of the Iraqi dinar

Date: 02/04/2013 10:50:11 Monday

Baghdad (news) .. ruled the General Secretariat of the Council of Ministers replacement currency or cancellation of three zeros, in addition to seeking to raise the value of the dinar against the dollar.
A statement from the secretariat received Agency (news) copy of it: that the project replace currency and the abolition of three zeros discussed during the last term in the Council of Ministers, and that the Council stressed that this project is not a priority for the government at the moment there is no real problem in this area.

He pointed: that the currency exchange process requires large adjustments, as there are still issues with this side after the fall of the dictatorial regime, where the mass of currency in circulation is limited, but it has doubled now than it was at the time, hence the process of withdrawing this block is a difficult task The big>

He: Some have sinner E impression implies that the deletion of zeros will reduce the volume of cash in circulation Kkamih.

He pointed: that the Iraqi dinar candidate because rising price against the dollar, and there is economic and financial viability enables dinar to be stronger than Huallah now, and chances high value available, especially with the growing backlog at the central bank, which exceeded (65) billion dollars and rising steadily along with high economic growth in Iraq.

He noted: that the government is seeking to have that exchange rate 1000 dinars to the dollar in the sense that the price of the currency class hundred dollars a hundred thousand Iraqi dinars and that any improvement in the political situation could contribute to make this happen faster. / End / b. / PVC

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