Member of Economic Committee says old currency likely to continue until they are replaced

Published on Wed, July 11 يوليو

BAGHDAD / With: The Economic Commission representative on the continuation of the work the old currency for the largest possible period in the event of replacement early next year, indicating that the banks will pull all the old currency from the market and inject new currency Bdelha .

MP said the Commission Abdul Hussein Resan in an interview with the correspondent of news agency the future today, Wednesday, that “the central bank-developed plan according to the strategy prepared in advance to replace the currency in coordination with the Financial and Economic Committee and the relevant authorities both in the legislature or executive,” which include the withdrawal of the old currency over the almost two years and handed over to the banks which in turn will deliver the currency to the Central Bank over the ten years to destroy . “

He stressed that: “The new currency will go to market in early 2013 as well as on the presence of old currency that will be implemented over ten years ago, and after two years of the new currency will be available in local markets after the end of the value of old currency.”