Iraqi: All Zero Phase In The Currency In The Destruction Of The Economy
| May 30, 2012 | Filled under All Dinar Trade Articles |
Baghdad, Central Bank of Iraq said that every zero in the Iraqi currency is a stage in the destruction of the Iraqi economy, and that the removal of zeros from the currency and a national duty.
The deputy governor of the Bank, the appearance of Mohammed, in a press statement yesterday, said that …
The Iraqi currency re prestige to what it was before the Iran-Iraq war and a national duty, we have to be met through the implementation of the project to delete the zeros.
He stated that Iraq is trading locally four billion banknotes in different categories, regardless of value, offset 34 trillion dinars cash reserves, will double to about 90 trillion dinars in 2017, to increase the national product, and said: This requires us to accelerate the implementation of the project to delete the zeros, before of evil consequences.
He added that the cost of switching the currency is a quarter of its value the truth, they bear a strong cover of 63 billion dollars.
The new benefit of his call to form a committee and the legislation a special law on the consequences and requirements to change the currency, that the Committee shall be the competent authorities, Kdioan financial control, parliamentary committees, and the Federation of Accountants, as well as civil society organizations, and others, to decide the fate of the project.
*
*
*
*
*
Related Iraqi Dinar Articles-
Iraqi Dinar: Scam or God-Send?
Iraq Dinar Value Seems Likely To Significantly Increase
The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation
Buy New Iraqi Dinars and Put Them in a Drawer
Iraqi Dinar Trade – What Next After the Revaluation?
Investing in Iraq- What Investors Have Been Waiting For
Central Bank: Raise Zeros From the Currency Gurenaf
Recent Comments