Financial representative to discuss with the Governor of the CBI the latest developments reached by the subject to delete the zeros

July 24th, 2012 08:32 am

Baghdad / WAP / A delegation from the Parliamentary Finance Committee, with the Governor of the Central Bank of developments that have reached the central bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process. “

A statement from the House of Representatives received the news agency reported Baghdad International / WAP / copy of it on Monday: “The Sub-Committee which includes members of the Finance Committee (MP Abdul-Hussein al-Yasiri and MP Ibrahim al-Mutlaq, MP Magda al-Tamimi) met with Central Bank Governor Sinan Shabibi During the meeting, they discussed the latest developments reached by the Central Bank in the subject to delete the zeros and replacing the national currency and the policy of the completion of this process. “

He added: “It has been also discuss the issue of controls adopted in the auction currency and the volume of the money supply.”

For his part, said Shabibi “The main reason for the process to delete the zeros due to the economic stability experienced by the country and large cash capacity in the Central Bank.”

And on the currency auction Shabibi said: “The operation as a window to enter the foreign currency and raise the value of Iraqi dinar.”

He stressed: “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.”


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