***** Finance parliamentary calls for the central bank's decision to wait to issue currency category (50) thousand dinars

26-11-2013 10:25 AM

Baghdad (news) .. Called the parliamentary Finance Committee, the central bank's decision to wait to issue a class of Iraqi currency (50) thousand dinars, stressing the importance of issuing coins of small denominations to support the balance of exchange in the country.

Said committee member Rep. Dler capable (of the Agency news): He was the first central bank to consult with the government and parliament before making a decision to issue a class of Iraqi currency (50) thousand dinars and categories of small metal.

He added that the country does not need to print large-sized coins (50) thousand dinars, but the local market in dire need of currency in small denominations, calling on the central bank to wait for the decision he might disrupt the Iraqi economy and the local market.

He pointed out: that the volume of Iraqi money in circulation in the country amounting to 33 trillion dinars, so the central bank shows that the process of release of proportion to the size of the money, to avoid the possibility of rising inflation in the country.

The central bank announced its intention to issue currency category (50) thousand dinars and categories of small metal early next year.


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