08/07/2012
Confirmed member of the Finance Committee MP Najiba Najib Ibrahim, that the central bank has taken several measures to replace the Iraqi currency in coordination with the Finance Committee.
Said Najib said in an interview carried by (Iraqi News Agency, Independent) The Central Bank and in coordination with the Finance Committee has taken many measures to replace the Iraqi currency include the withdrawal of old currency over the years and handed over to the banks which in turn will deliver the currency to the Central Bank over the ten years to destroy.
She said at the beginning of 2013, will pump in the currency markets as well as the old currency, indicating that the procedures for withdrawal of currency will continue for two years, and several banks will take over the old currency in all parts of Iraq.
She noted that two years after the new currency will be available in local markets after the end of the value of old currency.
Said Najib said in an interview carried by (Iraqi News Agency, Independent) The Central Bank and in coordination with the Finance Committee has taken many measures to replace the Iraqi currency include the withdrawal of old currency over the years and handed over to the banks which in turn will deliver the currency to the Central Bank over the ten years to destroy.
She said at the beginning of 2013, will pump in the currency markets as well as the old currency, indicating that the procedures for withdrawal of currency will continue for two years, and several banks will take over the old currency in all parts of Iraq.
She noted that two years after the new currency will be available in local markets after the end of the value of old currency.