Central Bank denies the issuance of currency in 50 thousand dinars
20/12/2011 04:20 PM
Baghdad _ people denied his work on the central bank to issue a new currency in 50 thousand dinars. The deputy governor of the Central Bank of the appearance of Mohammed Saleh (people) that "the central bank decides not to issue a new currency in 50 thousand dinars."
"The Central Bank continues to organize the purchasing power of the country and support the value of the dinar against the U.S. dollar and that the addition of any new currency are not taken until after the House of Representatives to approve the draft restructuring of the currency and delete zeros from them."
The main functions of the central bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
The central bank announced on June 22 last he decided to restructure the local currency in order to develop the payment system in the country.