CBI: [Denies] the news is true for the deletion of zeros from the currency in next May

CBI: [Denies] the news is true for the deletion of zeros from the currency in next May   Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the central bank measures to remove zeros from the currency in the month of May next.   He said in a press statement that “what appeared in the media about the start of procedures to delete the zeros in the month of next May, is unfounded,” noting that such a move begins with the beginning of the new fiscal year and not in the middle of it.   Saleh continued, “the central bank will, starting from tomorrow new measures provide for the banks interest rate on the price of foreign currency to the sale of not more than 10 dinars, because the central bank sold dollars to banks at 1179 dinars, and should not be selling them to citizens more than the price of 1189 dinars. “   He noted that banks in case of violation of the new instructions will be the withdrawal of a license to deal in the market, including the central bank auctions of foreign currency.   He stressed that this measure was to prevent the monopoly of the banks that are not consistent with the policies of the Central Bank, which states not to take advantage of citizens to raise interest rates to the degree of influence on the exchange rate of foreign currency in the domestic market.   The news indicated the start of the process of deleting the zeros in the beginning of next May   https://bit.ly/zeRyWa

 

CBI denies deletion of zero from currency value in May

Baghdad/ NINA/– Central Bank denied deletion of zero from currency value in next May .   The deputy governor of the Central Bank said Iin a statement to NINA said what has circulated by some media outlets in this regard is baseless , noting that habitually such procedures conducted in beginning of the financial year not in the middle of it .   The deputy governor went to say : “Central bank will as of tomorrow, will set new measures providing fixing the rate of interest on the sale of foreign currency not exceeding 10 Iraqi dinars, because the central bank sale dollars for the banks by 1179 ID , so should not be sold to citizens more of 1189, ID .”   https://bit.ly/xzC88B