Central Bank: we have from the reserve currency, so as to cover the process of deleting the zeros

Baghdad / justice - 23/07/2012 - 2:05

Said Central Bank Governor Sinan Shabibi for the selection of a British company and the other a German for the printing of the new process to delete the zeros after it.

The Shabibi during a meeting with members of the Finance Committee, the parliamentary according to a statement of the Commission that the central bank chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan about 75% of the currencies in the world.

He noted that the central bank has reserves of the coin so that they can in the process of deletion of zeros and coverage significantly.

Shabibi said that the main reason in the process of deleting the zeros due to the economic stability experienced by the country and large cash capacity in the Central Bank.

And on the currency auction between Shabibi the operation as a window to enter the foreign currency and raise the value of Iraqi dinar.

The parliamentary delegation included Deputy Abdul-Hussein al-Yasiri, and MP Ibrahim al-Mutlaq, MP Magda al-Tamimi.

During the meeting, they discussed the latest developments reached by the Central Bank on the subject of the deletion of zeros and replacement of the national currency and the policy of the completion of this process. the meeting also discussed the issue of controls adopted in the auction currency and the volume of the money supply


http://translate.googleusercontent.com/translate_c?hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.aladalanews.net/index.php%3Fshow%3Dnews%26action%3Darticle%26id%3D100192&usg=ALkJrhhbpncSDE-04Qx5Y9aTrK45r4cRTA