Finance Committee: Describes new currency
Finance Committee: deposit in the banks when you switch the currency would be one place
BAGHDAD / JD / .. revealed the Finance Committee parliamentary certain categories of the new currency by the central bank to the process of removing three zeros from small groups to be metal and large paper, referring to the deposit in the banks when you switch the currency would be one place.
Said committee member Magda Al-Tamimi L / JD / “The groups that comprise the new currency will be the small ones metal after deletion of zeros and large groups will be (50)” Fifty dinars “and (100)” a hundred dinars, “equivalent to (50,000)” Fifty thousands “or ( 100,000) “one hundred thousand dinars,” at the present time. explained Tamimi, “The small groups are more widely used resorted Bank to be metal so as not to be prone to damage.”
He said, “The categories of paper characterized by small size so that there will be no difficulty in circulation and size of wallets. “She Tamimi,” The central bank has contracted with major companies to be currency printing paper of high quality. “and named Tamimi,” the cost of the actions dedicated to the currency exchange at 150 million dollars. “and noted that the” currency exchange and withdrawal be gradual through the process of filing in banks, “saying,”
The withdrawal of currency be gradual and not once as in the switch before. “noted Al-Tamimi that” the Finance Committee follow-up to the Central Bank and to share what is going on the process of printing new Iraqi currency. “and quoted a member of the Knesset Finance” for an interview Governor of Central Bank “Shabibi” “The deposit in the banks when you switch the currency would be one place and controlled to protect the currency from counterfeiting.”