Finance: Print new monetary categories in preparation for the deletion of zeros from currency
Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency
13/05/2015 10:01 GMT
BAGHDAD – and babysit – said the Parliamentary Finance Committee member Masood Haider, that directed the central bank to issue and print new cash categories will be preceded by the preparation of the decision to delete the zeros of the currency.
Haider said, that “the central bank decided to print large cash classes in preparation for the application of the decision to delete the zeros of the currency in the coming period.”
He added that “the parliamentary Finance Committee discussed with the Governor of the Central Bank on the Keywords subject of printing new categories in the event of cash availability after the rise in oil prices and achieve financial abundance.”
The member of the Finance Committee, said that “the Central Bank has decided to reprint some of the larger denominations to prepare the application of the decision to delete the zeros of the currency in the coming period.”
He pointed out that “the decision has undergone extensive study to assess the economic feasibility and to be implemented depending on the timing proposed by the administration to the central bank.”
Haider said that “the new denominations to be printed will be of category 50 100 thousand Iraqi dinars.”
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