Confirm the presence of five to seven models for the new currency contains three languages

Finance parliamentary confirm the presence of five to seven models for the new currency contains three languages

Author: MK Editor: SS | BS Thursday 26 تموز 2012 09:00 GMT

MP Haider al-Abadi
Sumerian News / Baghdad
Head of the Finance Committee in the House of Representatives Haider al-Abadi, Thursday, for the presence of five to seven models for the new currency has provided the central bank, pointing out that the addition of three languages by pointing out the existence of six categories of paper, six categories of metal. Ebadi said in interview for “Alsumaria News”, “five to seven companies made models for the new currency to the Central Bank, which will choose in turn one,” explaining that “the models contained the cultural sites of Iraq, and three languages: Arabic, Kurdish and English.” said Abadi, that “the form of Currency new not far from the image of the dinar familiar with the people, “explaining that” the paper currency would be the categories of five dinars, ten dinars, and twenty five dinars, hundred dinars, as well as a proposal to add a class two hundred dinars. ” Ebadi pointed out that “the coin will be the category of fiftieth penny, and one hundred fils, and five hundred fils, and a quarter dinars, one dinar, and two dinars, “stressing that” put into consideration the speed of the distinction between different groups. ” The head of the Finance Committee in the House of Representatives, that “there will be a new technology in the new currency to prevent forgery and the unemployment age of the currency, and not to damage quickly. ” The Finance Committee of the House of Representatives, expressed in (July 13th of this month), support for the replacement of the existing currency, while the required readiness of the central bank to move, confirmed that the bank needs another year to begin the process of replacement. and announced by Finance Committee, the parliamentary Najiba Najib in (the third of July, current), that the budget next year 2013 will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros. hosted the Finance Committee, the parliamentary , in (26 June), Deputy Governor of the Central Bank of the appearance of Mohammed Saleh to discuss the mechanism that will be followed by the bank in the process of removing the zeros, and how long this process and changes that will occur on the exchange of currency. The member of the Finance Committee Haitham Jubouri on 15 May 2012, that the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012 the direct printing of new currency in different categories. The central bank was accused, in (12 September 2011), government bodies obstructing the monetary reform and vowed persecuting blaming those agencies responsible for endangering the interests of country’s financial risk. what was seen as an adviser to Prime Minister for Economic Affairs (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of “mafias currency” is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes. It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
Source: alsumarianews