Special / Parliamentary Commission of Economy: Central Bank of the process of Coins of the seven categories
Special / Parliamentary Commission of Economy: Central Bank of the process of Coins of the seven categories
November 6 2014
Committee revealed the economy and investment in the Iraqi Council of Representatives, on Thursday, said that “the central bank completed its preparations for the issuance of metal coins of seven small groups.”
Said committee member Rep., Nora my neighbor, L / Iraq Press / that “the Central Bank and in conjunction with the implementation of the project to delete the three zeroes from the paper currency currently in circulation, will issue metal coins from multiple categories to overcome the economic crisis, which may get a peer process of deletion of zeros,” adding that “the launch of coins project will take between four to five years and will be the launch of which categories of small coins gradually.”
She Albjara that “the purpose of which purports behind the launch of the Central Bank of coins comes to reducing the rate of inflation, especially since the 3% of the value of inflation in Iraq due to the presence of a large amount of cash,” said Rep. A ended. H
iraqpressagency.com
