Calls for the central bank to print a new Iraqi dinar currency
Finance parliamentary calls for the central bank to print a new Iraqi dinar currency with small groups to create a balance in the market
Committee member said Haitham al-Jubouri in an exclusive interview with the agency “News” that “the Commission recorded the existence of shortages of certain categories of the Iraqi dinar currency, particularly small groups because of the speed of circulation and damage among the citizens.”
He Jubouri “on the central bank to head through the next few days to print currency with new categories of small, good quality for the purpose of creating a balance in the domestic market in quantities of dinars in circulation and damaged,” noting that “the survival of health in a number of categories will reflect negatively on the economic reality and financial transactions in a specific country, the fact that Iraq quantities of paper money in circulation in the hands of the Iraqi citizen. ”
The International Monetary Fund (IMF) had announced (23 March 2013) that the preventive funds in the Development Fund for Iraq has risen in the year 2012 to $ 18 billion, and cash reserves of the Central Bank of hard currency to $ 70 billion.
He pointed out that this increase came from the “oil revenues unexpected” and urged the Iraqi government to end the control of banks owned by the state of the banking sector, it stressed the need for Iraq to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues.