Economy confirms Cancel to delete the zeros and replace it with the currency of 50 thousand dinars category
Parliamentary Commission of Economy confirms Cancel to delete the zeros and replace it with the currency of 50 thousand dinars category
07-05-2015 12:29 PM
Parliamentary sources and others close to the Iraqi Central Bank, said that a government committee competent ended with a decision of new cash paper currency printing of fifty thousand dinars category ($ 42), in light of the challenges facing the Iraqi dinar and strength of the local and global market.
The member of the Committee of Economy in Parliament , Nora Albjara, in a press conference Wednesday, said a specialized committee formed from the central bank, decided to cancel the idea to delete the zeros of the coins from the category of thousand dinars and 10 thousand dinars; as an option taken previously to combat inflation, and the challenges of the Iraqi currency, due to market instability and put the dinar who exposed himself to continuing declines against the dollar.
She Albjara, the Committee decided instead to print a new financial category worth fifty thousand dinars. The highest category of cash in Iraq is twenty-five thousand dinars paper, known red paper.
The suffering Iraqi citizens, private traders, the question of buying and selling, where usually carry three large bags of Iraqi coins to buy a mid-priced car.
and requires the purchase of a TV at a price of half a million dinars carry average bag or possession citizen large enclave, can put your money with them if the amount of class thousand dinars or 250 dinars cash currency.
Albjara confirmed that the ‘Bank for printed hundred thousand dinars category until further notice, until the end of print fifty-class project Thousand dinars’.