Sunday, June 26, 2011

Financial representative denies mentioning the issue of changing the Iraqi currency


Sulaimaniya, June 26 (Rn) – A member of the Finance Committee in the House of Representatives of Iraq, that the committee did not address the issue until now to change the Iraqi currency.
She said Najiba Najib told the Kurdish news agency (Rn) that he “had not been talking so far in the Finance Committee representative on the issue of changing the Iraqi currency, having met some time ago the Governor of Central Bank of Iraq and the Minister of Finance, has not had discussions in this regard so far.”
She Najiba that “the Iraqi dinar exchange rate compared with the U.S. dollar is stable at the present time, the central bank could maintain the stability of the Iraqi dinar exchange rate against the dollar.”
“The currency change would not cause a rise in the value Aldenarabraghi, and there are a number of accounting measures should be taken by the central bank, in order to stabilize the dinar exchange rate, including the buying and selling bonds, and dealing with international banks in various countries.”
In order to obtain additional information on this subject, tried (Rn) Contact agent of the Ministry of Finance of Iraq, but Almmhaullac failed to connect.
And we are talking some time ago in the Iraqi media regarding the change of currency, and issuing a new currency, and is noted that there are changes will occur in the form of new Iraqi currency, including the removal of zeros, and the inclusion of the Kurdish language to the Arabic language in the currencies.
He was adviser to the CBI the appearance of Mohammed Saleh, said in an earlier statement (Rn) that “the central bank decided to Aelchora the execution of the strategic and long-term, in order to reorganize the Iraqi currency and the currency system in the development of the country.”
“The central bank began to raise the value of the Iraqi dinar, the currency and the issuance of a large class of equivalent value (100) the American dollar is likely to contribute to bridging the economic gap in the financial system in the country.” Noting that “the project in progress, and needs to support the government and the parliament.”
He expressed the IMF in August / August, during the implementation of a number of economic measures, support for the Iraqi economy, in the privatization of banks, and the removal of zeros from the Iraqi currency, and the granting of loans and compensation.
There has been several changes to the Iraqi currency, was most recently in 2004, after it was rejected by the currency back to the reign of the former regime.