Shabibi and Maliki discuss patient as the process of switching the currency

07/07/2012



BAGHDAD / JD / .. the face of the central bank official letter to the Iraqi Council of Ministers includes a positive process of switching the currency ..

A member of the Finance Committee and the parliamentary bloc MP for the Liberal Majida al-Tamimi's / JD / "The Central Bank Governor Sinan Shabibi met with Prime Minister Nuri al-Maliki and Tbagesa wait on the process of switching the currency and delete zeros and the money supply" ..

Tamimi said that "the Central Bank of the official letter to the Council of Ministers to ensure the process of switching the pros currency and delete zeros to reduce the money supply and to facilitate business operations and other" ..

And realize the "Council of Ministers but has not yet responded to the book bank" ..

Tamimi explained, "The Finance Committee supports the government's demand to wait because time is not appropriate for the current currency exchange, we are afraid of the emergence of mafias and traffickers of counterfeit currency" ..

The Knesset Finance Committee member and Liberal MP for the block "The process of switching the currency after 2003 witnessed the emergence of economic mafias and counterfeit currency traders admitted in the market, and possibly switch the currency for the time being in addition to the witness that the money supply will grow more" .. The most likely the central bank last week raised new Iraqi currency after deletion of zeros in the first of January.

The governor of the central bank's Shabibi / JD / "The Bank will work to put up the new Iraqi currency after deleting three zeros in the 1/1/2013" .. The central bank governor, "there are many procedures and many misgivings Bank is keen to implement them in order to be the process of replacing the currency safe and easy" .. The Finance Committee, the parliamentary revealed earlier in the contract the central bank with major companies to be currency printing paper of high quality.

"Said a member of the Knesset Finance Magda al-Tamimi that" the cost of the actions dedicated to the currency exchange at 150 million dollars, ".. and pointed out that" the currency exchange and withdrawal be gradual through the process of deposit in banks, "saying," The withdrawal of currency be gradual and not once as in the switch before, ".. and noted Tamimi that" the Finance Committee follow-up to the Central Bank and to share what is going on the process of printing new Iraqi currency . "and quoted a member of the parliamentary finance committee," a talk by the Governor of Central Bank "Shabibi" "The deposit in the banks when you switch the currency would be one place and controlled to protect the currency from counterfeiting."



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