Surprised at the appearance of the central bank adviser Mohammed Saleh, "deciding to delay a project to change the currency of Iraq by the executive and legislative branches," stressing that "the project will come out of economic problems and conflicts in Iraq."
He attributed the benefit of "reasons to change the Iraqi currency was the result of inflation happening in Iraq as well as to improve the value of the Iraqi currency," calling "the government to speed up the Iraqi currency to the feminine and re-structure to facilitate cash transactions and projects."
He stressed "the need for feminine Iraq because the Iraqi currency has today [30] trillion Iraqi dinars." He explained "with the growth of the economy will grow this money, and therefore these figures are enriching the same rights and the same property, while the figures will be Mrhqh, and commensurate with, or facilitate the creation of a monetary reform facilitator and easy."
And put on the timing of the coin, and whether it will precede the process of removing the zeros between the benefit that "the coin will be within the structure of currency and within the existing project and will be the currency after deletion of zeros from the currency paper."
He explained that "the end of the coin is to cover the transaction currency, considering the small groups of fast trading, especially as the age of the coin longer than cash, as well as that coin will be the proof of the strength of the Iraqi currency."
Saleh called on to "encourage and support this step as it positively affect the Iraqi economy."
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.
The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives for a strategic plan that it will contribute in supporting the Iraqi dinar's value in financial trading.
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