CBI: we have from the reserve currency, so as to cover the process of deleting the zeros

Baghdad / justice – 23/07/2012 – Said Central Bank Governor Sinan Shabibi for the selection of a British company and the other a German for the printing of the new process to delete the zeros after it.

The Shabibi during a meeting with members of the Finance Committee, the parliamentary according to a statement of the Commission that the central bank chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan about 75% of the currencies in the world. He noted that the central bank has reserves of the coin so that they can in the process of deletion of zeros and coverage significantly. He Shabibi the main reason in the process of deleting the zeros due to the economic stability experienced by the country and the ability of the large cash with the Central Bank.

and on the currency auction between Shabibi the operation as a window to enter the foreign currency and raise the value of the dinar Iraq. The parliamentary delegation included Deputy Hussain Yasiri, and MP Ibrahim al-Mutlaq, MP Magda al-Tamimi.

During the meeting, they discussed the latest developments reached by the Central Bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process.

The meeting discussed the issue of controls adopted in the auction currency and the volume of the money supply