The central bank issued a statement on the parliamentary and currency: the issuance of local currency bonds will improve the value of the Iraqi dinar

Admin Mon Nov 18, 2013 8:49 am

Date: Monday 11/18/2013 04:34 am

He denied the CBI, what some of the media, about the timing of direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such a time is Matrouh and that this project is in coordination with the Government and relevant institutions.

According to a statement of the Central Bank on Sunday: picked up by some media statements a direct deputies about the timing of the restructuring project of the Iraqi currency and deleting three zeros of them in 2014.

The statement added: that the CBI would like to emphasize that such timing is Matrouh currently, and that such a project is in coordination with the Iraqi government and related institutions, as well as we are accustomed audience cream on his note of any proceedings related to the scope of responsibility of the Central Bank including this important topic.

The statement called on officials contact the central bank to obtaining accurate information before putting things like this on the public Quran.

And confirmed a member of the Finance Committee MP Najiba Najib, that the new central bank measures to issue bonds in dinars within the Bank to improve the political value of the Iraqi currency against other currencies.

Najib said in a press statement on Sunday, the central bank bonds previously unknown in foreign currency, so the bank to issue bonds not to restrict Dinars his other currencies. "

It added that the bank will increase the order of five-year bonds and the central bank hopes to issue the first tranche before the end of the year, despite that the decision on this will be made with the participation of the Ministry of Finance.

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