************ Central: Print thousand paper of class 25 thousand does not cost $ 60

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[ltr] May 16, 2015


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BAGHDAD / Center Brief for the Iraqi Media Network (IMN) said Manager version in the Central Bank Ihsan al-Yasiri, the central Iraqi prints thousand paper of class 25 000 dinars in Arsn international companies at a cost of less than $ 60, noting that the bank will not spend significant financial liquidity for the printing of the new denominations because the cost of a few.

The Yasiri's (IMN) that "the central bank is serious about printing new cash, which will be categories from 50 categories and 100 000 dinars, which is in the process of selecting designs and printer companies."

He continued that "the decision Copyright Central Bank's authority exclusively to that part of the monetary policy, which can not interfere by any party," stressing that "printed currency project is necessary to modify the structure of the Iraqi banknotes in preparation for the implementation of the project to delete the zeros."

He pointed out that "the Iraqi dinar is very strong currency but restructuring banknote weak currency because the biggest category is 25 dinars, equivalent to $ 22, and this structure makes the weak citizens prefer to deal dinar instead of the dollar."

He said Prime Minister for Economic Affairs Adviser appearance of Mohammed Saleh, earlier, that the draft Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country's economy, Mbenaaon Iraq is suffering a contraction in liquidity both in dinars or in dollars as a cash cluster size in Iraq about 40 trillion dinars.


http://center-imn.net/1/?p=8083