New measures to maintain the value of Iraqi dinar

21/02/2012

The independent Iraqi news agency / Baghdad / s. P ... the Iraqi Central Bank announced new measures to maintain the value of the Iraqi dinar against the dollar.

He said Central Bank Governor Sinan Shabibi moved in a press statement the reporter (and independent Iraqi news agency) that, given the high demand for the dollar's central bank has taken new measures organizational rather than restrictive. Assured that Shabibi Monetary policy in Iraq, fine, because there is high up which is called the cover of the currency, which gives us flexibility in dealing with monetary policy based on the study of the march of the economy, inflation and rising Prices as if prices rose significantly we will resort to tougher measures, but if the pace of increased prices in Less there will be another measure

. The past few days have seen a rise in the exchange rate of the dollar against the Iraqi dinar, prompting concern among some citizens ..

And on the process of deleting the zeroes, said Shabibi That There are a lot of work and continuing in relation to the process of deletion of zeros. The new currency will be launched in 2013 .. But now we have many ideas for the design of the coin and paper to reach a final form for the new currency, but it needs time to the multiplicity of designs and designers, the competition for features included in the currency

. Ruled out the central bank governor affected the market to change the currency, saying the steps well thought out, and all banks will contact the Central Bank in accordance with the regulatory process will withdraw currency from banks and provide them with the Central Bank of new currency will not accompany the process has no effect in relation to the markets and trading will be easy for the new currency. Scheduled that are deleted three zeros from the new currency, ie that the sum of one thousand dinars will become the new currency was IQD one. describes the Central Bank of the currency exchange project, the national supporter of the economy in the country, while expressing the outskirts of governmental and political fears of the project because it will increase the phenomenon of money laundering, also believes that adversely affect the financial trading the stock market.

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