Shabibi expected delays to be put on new currency but continues to ask for Jan 1, 2013 despite GOI requests

Baghdad/JD/…The CBI predicted delays in putting the new currency early next year and to developments and discussions with the Government.

Prime Minister Nuri al-Maliki demanded earlier with the Bank to wait with his work and put it in the currency changeover from January of 2013.

Central Bank Governor Sinan Al-Shabibi/JD/: “put the currency early next year is uncertain because of the recent discussions and debates with the Government”.

Al-Shabibi said “it would be in the process of cooperation with the Government.”

Central Bank Governor noted that the continuing currency switch, and the previous dates for remaining but developments have delayed.

The Bank confirmed the earlier l/JD/: “ask the new currency would be 1/1/2013, despite Government demands a wait operation”.

The World Bank official letter to Cabinet explaining pros switch currency market and money supply and exchange rate increase and other issues