The central bank denies issuing currency the 100 Thousand dinars

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The central bank denies issuing currency the 100 Thousand dinars

05/01/2011 ad-2: 30 | readers number: 10

The Iraqi Central Bank denied his intention to issue paper currency the 100 Thousand Iraqi dinars. And the Iraqi central bank advisor stressed the appearance of saleh in press statements that the issue of paper currency the 100 Thousand Iraqi dinars is not the banks programme, denying the news that reported by the mass media and the press of Iraq regarding this subject.

On the other hand, he said, the economic expert Mohammad al-samara'i, the cash currency worth more will be an important factor, especially in banks and monetary bloc of exchange companies and dealers, and even the citizens, pointing out that the decision right Iraqi economy need it for some time.

Al sameraie said that the Iraqi economy has to issue a new currency after the year 2003, and the need to reduce the huge number of currency notes that were issued in the past few years. It is noteworthy that the Iraqi currency witnessed a significant inflation after the first Gulf War in 1991, and the deterioration of the exchange rate of the Iraqi dinar to three thousand dinars against the U.S. dollar

http://www.burathanews.com/news_article_113554.html