Central Bank: the new currency can not be falsified
27/08/2011
Baghdad morning
The Central Bank of Iraq that the new currency is expected to work out can not be forged. This came during an interview the President of the Finance Committee in the House of Representatives Haidar Abadi, with the Central Bank Governor Sinan al-Shabibi.
During the meeting, according to a statement issued by the commission received "morning," a copy of it, search the project to delete the zeros of the Iraqi dinar and the reasons and legal requirements and accounting and procedural preparations conducted by the Central Bank of the process of printing, transfer and distribution of new currency, in addition to the role of the Finance Committee in support of this project.
The statement quoted Shabibi assertion that «the new currency attributes are difficult to falsify, in addition to the fortifications that put the new currency », pointing out that« the project if implemented will enhance the Iraqi dinar exchange rate against foreign currencies ».
The two sides agreed to hold further meetings to finalize discussions on the project. The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh announced mid-month that the central bank raise the bill to delete the zeros of the Iraqi currency to the government and parliament for consideration and discussion and approval in the event was approved.
Saleh explained in a press statement that «the bill included all the details of legislative and executive on a subject to delete the zeros and the positive economic effects that would leave in the event of approval»
He pointed out that «the bill included proposals for a new currency and the groups that carried and details of technical and economic». and Saleh stressed that «the law, if approved, will have a positive impact in the Iraqi currency in several aspects of the need during the next phase».
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