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"CBI" IS PREPARING TO RESTRUCTURE THE NATIONAL CURRENCY
Friday, 24 حزيران / يونيو 2011 4:34:59 p.m. GMT
Announced the adviser to the CBI the appearance of Mohammed Saleh, said the bank plans to do a set of economic reforms, notably the restructuring of existing currency in a move to develop a system of cash payments.
Saleh said in a statement to Radio Sawa, the U.S. on Friday that the payments system of the current cash is not commensurate with the development of systems, global monetary , pointing to the existence of a cluster of large cash circulating within the Iraqi market, which has strained the country's economy.
emphasized that the issuance of categories of new cash will not affect the value of cash held by Iraqi citizens, explaining that the purpose of the issuance of these classes is the advancement of the Iraqi economy.
and the required fund IMF in support of Iraq a series of monetary reforms, including lifting the zeros from the currency and to meet local debt and reparations owed by Iraq.
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Last edited by katt on Sat Jun 25, 2011 4:11 pm; edited 2 times in total
