Deputy: Class 50 thousand dinars facilitate the deal and do not cause inflation in the market

November 14, 2015 09:03


BAGHDAD / WAP / MP for the Kurdistan Alliance Majid Chenkali, Saturday, issuing bank 50 thousand dinars category does not cause inflation or reduces handle small currencies, the existence of financial cover of hard currency equivalent to twice what exists of the local currency in the market.

Said Chenkali News Agency Baghdad International / WAP / "The Iraqi Central Bank announce the coin of the category of issuance (50) thousand dinars a good step and it has many benefits in the event of the development of appropriate mechanisms have to ensure that no inflation or the collapse of the local currency." .

He added that "large cash categories will contribute to the facilitation of transport operations and cash swap in cases of sales of things that need to be large sums such as the sale of homes or large business deals."

He explained Chenkali, that "the financial situation of the cover of hard currency or gold to any local cash flow is an important issue for not reducing the value of the currency which is located to Iraq, where we have a financial cover of hard currency equivalent to twice the local currency in the market, and there are no fears of For inflation caused by printing new currency. "

The Iraqi Central Bank announced on Wednesday (November 11, 2015) for the issuance of new banknote fifty thousand Dinars category, attributing this to the completion of the Iraqi Securities monetary structure and the development of high-class value in circulation, as he emphasized that they contain structures against attempts at counterfeiting Balastantsak. / finish


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