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Central Bank reveals to "NAS" details of the project "Structuring the currency"

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ikea


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https://www.nasnews.com/category/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/


Central Bank reveals to "NAS" details of the project "Structuring the currency"

The objections led to his postponement twice
2 hours ago


https://www.nasnews.com/%d8%a7%d9%84%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2%d9%8a-%d9%8a%d9%83%d8%b4%d9%81-%d9%84%d9%80-%d9%86%d8%a7%d8%b3-%d8%aa%d9%81%d8%a7%d8%b5%d9%8a%d9%84-%d9%85%d8%b4%d8%b1%d9%88/

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https://www.nasnews.com/البنك-المركزي-يكشف-لـ-ناس-تفاصيل-مشرو/


The objections led to his postponement twice

Central Bank reveals to "NAS" details of the project "Structuring the currency"

Monday 19 November 2018

https://www.youtube.com/watch?v=Tzfx2IH9yS4

Baghdad - Nas


The Central Bank of Iraq revealed on Monday details of the project "Structuring the currency", which aims to delete 3 zeros, to facilitate the circulation of currency.

"The currency structuring project, when it was first floated, faced many objections. It was postponed to be launched again in 2014 and started to be implemented," said Abdulkarim Hassan, general manager of the issue and treasury, in an interview with NAS today (November 19, 2018). A new reason to postpone it. "

Hassan explained that "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars." He pointed out that "the project allows the printing of new categories of dinar and half dinars down to deal with the bank."

He stressed that "the idea is integrated and there is a comprehensive study and the project does not need to apply," stressing that "this project must be implemented despite the obstacles that led to the postponement."

Shredd

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Since this is not a redenomination, the rate would need to change for the large notes to be removed from circulation due to the impracticality of their size. IMHO, this is a critical project to watch.


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tlm724

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Shredd wrote:Since this is not a redenomination, the rate would need to change for the large notes to be removed from circulation due to the impracticality of their size. IMHO, this is a critical project to watch.

Thanks Shredders ! And thanks ikea for bringing this in ! I couldn't agree more. Currently 1 dinar is worth 0.0008397 USD so the rate would have to change !!!


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