Parliamentary finance committee calls for the central bank’s decision to wait to issue currency category (50) thousand dinars

November 26, 2013

in Dinar news

coins
Baghdad (news) ..The parliamentary Finance Committee called, the central bank’s decision to wait to issue a class of Iraqi currency (50) thousand dinars, stressing the importance of issuing coins of small denominations to support the balance of exchange in the country.

Committee member Rep. Adler Capable (of the Agency news): the central bank was first to consult with the government and parliament before making a decision to issue a class of Iraqi currency (50) thousand dinars and small metal categories .

He added that the country does not need to print large-sized coins (50) thousand dinars, but the local market in dire need of currency in small denominations, calling on the central bank to wait for the decision he might disrupt the Iraqi economy and the local market.

He pointed out: that the volume of Iraqi money in circulation in the country amounting to 33 trillion dinars, so the central bank shows that 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 small metal categories early next year.

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http://www.ikhnews.com/index.php?page=article&id=109222

{ 4 comments }

Tennessee firebrand November 26, 2013 at 7:51 pm

I like the last sentence of this article. Especially the last three words.

alemonnation November 27, 2013 at 3:23 am

here comes the train into the station

alemonnation November 27, 2013 at 5:56 pm

where are the nay sayers when iraq says they are going to do it? lol
just because some economists are against the zero plan and speak openly about it, the news that says they are ready to do it is still very much valid.

2COLLECTDINAR November 27, 2013 at 8:59 pm

what should be the proof is how fast standard chartered bank opened this is what i watch what the banks are doing not what iraq is saying! cha-ching is coming so we wait!

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