Two British and German Ttavan new Iraqi currency
Announced the Iraqi Central Bank Governor, Sinan Shabibi, the bank chose a British company and the other German, among many international companies, to complete the process of printing the new currency.
Shabibi said, in a meeting with the Finance Committee, House of Representatives, the central bank chose the two companies for being Tqoman (responsible for) print about 75% of the currencies in the countries of the world, pointing out that the central bank has reserves of currency what it takes to process the deletion of zeros and coverage significantly.
For his part, announced the Information Office of the House of Representatives, in a press statement, that the parliamentary finance committee discussed the latest developments with Shabibi reached by the Central Bank on the subject of the deletion of zeros and replacing the national currency and the policy of the completion of this process.
The statement added that the meeting discuss the issue of controls adopted in the currency auction, and the size of the money supply in circulation.
The Shabibi: that the main reason for 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 Shabibi said: The process is like a window to enter the foreign currency and raise the value of Iraqi dinar.