Central reveals the reasons for the issuance of 50 thousand dinars category
Central reveals the reasons for the issuance of 50 thousand dinars category
16-11-2015 04:59 PM
Iraq today
Iraqi Central Bank yesterday confirmed that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the
currency, said a member of the board of directors at the bank Ahsan Yasiri ‘issuance of 50 thousand dinars category and think about the issuance of 100 thousand dinars category is a project that is not fortuitous, but put up since 2007,’ attributing issued to ‘be a problem in banknotes sequence as the highest category of cash 25 thousand dinars, equal to $ 22 and therefore are inadequate for transactions’. The Yasiri that ‘the issuance of the new currency will facilitate a lot of transactions, and will contribute to reducing the demand for the dollar, at least in transactions’ stressing that ‘no income for the government to issue category and not to project any connection with the financial crisis or deflation and inflation’. Yasiri pointed out that ‘the issuance of 50 thousand dinars category and we think the issuance of 100 thousand dinars category is one of the preliminary steps for the project to delete the zeros’ pointing out that’ the project to delete the zeros needs action extends for more than a year ‘.
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