Government calls for the central bank hold off on deleting the zeros and reveal the financial details of the currency in full

Now remember the government started this back in Feb or March of this year, Now they are having meeting with the Central Bank!

Sunday, July 1, 2012 11:55



Twilight News / revealed the Finance Committee in the House, Sunday, for a claim, Prime Minister Nuri al-Maliki, the central bank to wait to remove the zeros from the Iraqi currency, pointing to the presence of many foreign companies are competing for printing the new currency.

A member of the parliamentary Finance Committee Haitham Jubouri for "Twilight News", "Prime Minister Nuri al-Maliki asked the central bank to wait to delete the zeros of the Iraqi currency."

"The Finance Committee met last Wednesday, Deputy Governor of the Central Bank has been discussing a mechanism to delete the zeros and printing the new currency."

He added: "We were afraid that mar the process of handing over money to the banks manipulate or blackmail for the purpose of shortening the time for citizens, but this case has been exceeded after the approval of the central bank to be there for 10 years for the front allowed the delivery of the old Iraqi currency."

He said the "new currency contains 36 cases of fraud, while ensuring the current currency contains only 8 Therefore, it is expected to be the new currency difficult to counterfeit."

He added that the new currency will consist of the categories of paper and metallic paper of which are groups of 200 dinars equivalent to 200 thousand dinars a $ 180 and JD 100, 50 and 25 dinars either metal is JD and a half dinar and a quarter and 100 fils and 50 fils and 25 fils, the smallest coin that is equal to 250 dinars now ".

"I have been taking into account national symbols such as Helicobacter and civilization of Ur and Arbil and entirely on your waterfall and a dam Mosul."

He noted that "there Mnscherkat offers Swiss, Russian and Brazilian compete in terms of price and quality to print this new currency will be subject to these companies offers the discussion by an ad hoc committee at the central bank to determine who qualified for the printing of money."

The Central Bank of Iraq described, earlier, the project to delete the zeros from the currency as "a new infrastructure of the country at least as important as other infrastructure."

The deputy Mhaaft Bank the appearance of Mohammed Saleh, said that speed Anjazhma project reflect the harmony and the ministries and government departments concerned away from the institutional work isolationist, since there is no value for the independence of the central bank if they were not this independence with a high potential for coordination with institutions other economic to build Iraq. "


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