CBI decides to postpone issuing (50) thousand dinar notes
Posted on November 26, 2013
11-26-13 Baghdad (news) .. Called the parliamentary Finance Committee, the central bank to wait the decision of issuing Iraqi currency class (50) thousand dinars, stressing the importance of issuing coins of small denominations to support the balance of exchange in the country. said committee member Rep. Dler capable (of the Agency news): He was the first Central Bank consultation with the government and the parliament before making a decision to issue coins Iraqi category (50) thousand dinars and categories of small metal. added: that the country does not need a printed currencies large size (50) thousand dinars, but the local market in dire need of currencies with small groups, calling on the Bank Central to wait the decision because it might disrupt the Iraqi economy and the local market. pointed to: that the volume of Iraqi money in circulation in the country amounting to 33 trillion dinars, so the central bank that illustrates the process of release of proportion to the size of the money, to avoid the possibility of rising inflation in the country. The central bank announced its intention to issue currency category (50) thousand dinars and categories of small metal early next year.