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Central Bank: cost evaluation of project delete zeros up to 172 billion dinars


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7 - 14 - 2012

the Iraqi Central Bank estimated cost speculative project to delete the zeros from the currency up to 172 billion dinars .. The study by a private project delete the zeros received / JD / copy: The total cost of speculative to project the deletion of zeros up to a hundred and seventy-two billion dinars, ".. the bank said in his study that the wages of transport and insurance of the role of copyright to the Baghdad International Airport up to (140), calculated on the basis of the ratio between the highest and lowest price (90-189) billion dinars from the presentations made by companies .. He added that "the cost of speculative Stamping coins of the new currency of (16) billion dinars," the bank .. He continued, "The wages of cargo , Fridays and official holidays, overtime, etc. .. of (15) billion dinars ".. He pointed out that the cost of the media campaign and the costs of different limits (1) billion dinars, the bank .. and recalled the cost of the replacement process for the period from 15/10/2003 to 15 / 4/2004 amounted to the wages of the printing and transfer of currency to (240) dinars, and wages of minting coins up to (16) billion dinars, and a ring of total costs allocated to the banks amounted to (13) billion dinars. and attributed the bank the reasons for the deletion of zeros for three reasons First, the process Delete the zeros will be an opportunity to add new features of the Iraqi currency to prevent potential counterfeiting of the new currency through the use of specifications of high security, leading to increased customer confidence (public institutions) as a result of low or no cases of fraud .. He pointed out that the second reason that the process of removing zeros will to reduce Alokiem digital currency and financial Almahacbah and may reduce the role of time, effort and cost required to complete financial transactions and accounting as well as the possibility of reducing the number of banknotes traded, especially if banknotes were printed large categories ".. He said the third reason Vankh enhances the possibility of maintaining the Iraqi dinar exchange rate against foreign currencies gained the confidence of its customers. The central bank has decided to adopt some of the features and pictures to be developed on the new currency after deletion of zeros .. And obtained by / JD / a copy of the book's central bank, which included the historical and cultural landmarks and images to be placed on the implications of the currency close to the mentality of the Iraqi public and culture .. According to the authors included a paper currency a number of monuments and pictures the most important, put a picture to bridge the imams and the magnitude of the significance of high-value if it reaches the bridge between both sides of the River Tigris and the terminal Mrakadi Imams Musa al-Kazim (AS) and Abu Hanifa (ra) .. The book entitled the bank to the Directorate General for the issuance and cabinets: This is dedicated to the highest class of the new currency a category (200) two hundred dinars and the dinars on the back of this paper and put a picture of the Baghdad school .. He said the central bank: put on the face of the category (100) dinars, hundred dinars, pictures of Azwaip area in Baghdad, one of the areas which was set up by the ancient suspension bridge, one of the achievements of the Iraqi state .. Iraq is one of the leading countries in the establishment of this type of bridges, shown in the image building of the Iraqi Central Bank, in addition to the building of the University of Baghdad, is the oldest scientific institution in Iraq in the second half of the twentieth century, while placed on the back of the paper image (ziggurat), one of the features of construction Iraq at the dawn of history .. According to the book's central bank: put on the face of the paper of class (50) JD (fifty dinars) image of the King Codaa one of the most kings of the dynasty of Lagash II (King XII), a God of growth and fertility, while the back of the paper have included a picture of Fort Ukhaydir a Fort archaeological its construction dates back to the Abbasid era forts and defensive unique in a deserted area, such as those constructed in which this fort is located to the south-west of the city of Karbala .. The central bank said: that in the face of the banknote (25) dinars (twenty five dinars) was developed, the image of King Hammurabi receiving the law .. This is the spiritual father of the King humanitarian legislation, as written in the custody of the rules governing the life and transactions in the famous Mselth either the back of the paper have included a picture of a peasant of Iraqi Kurdistan with the help of men in the preparation of the field of agriculture .. He said the central bank: put on the face of the banknote (10) dinars (ten dinars), a dinar, the Arab-Muslim This is a dinar, which was minted in the reign of the Umayyad dynasty beginning of the circulation of money in the Islamic state, which hit the inside and one features of the state and its sovereignty and economic independence, The back of the paper has developed a picture of the lighthouse Hadba in Mosul, one of the landmark development of excellence in our beloved Iraq .. Either category (5) dinars (five dinars) was placed on the face of her paper image of a waterfall entirely on Beck in Kurdistan Iraq, a reference to the state's interest in water and its sources in addition to the interest in tourism and the environment either the back of the paper has developed a picture of a palm Iraq, a sign of a property for each land black from southern Iraq to the north and to honor the (aunt Palm), said Mustafa (peace be upon him) and the central bank said in writing: in line with the best applications and international experiences, he decided to stop the basic parameters of the currency notes of the categories (25000,10000,5000) JD Traded to the road as it is in the new series (25,10,5) dinars to enable the audience with her as a thousand imprinted in his memory. The bank was keen to choose the designs of the coins are the generality and comprehensiveness of significance, and have a positive impact on all the people of Iraq, where he put on the aspects of coins map of Iraq and highlights where the Tigris and the Euphrates, and the center of the map a circular area to install the coin mineral, while the other side of coins have included, first class (2) JD's image (the Monastery of Saint Matthew), a historical site and my soul is located in the north of Iraq, and taken by the Iraqis of different sects and religions shrine to seek blessings and tourism. Included in category (1) BD image and reality are inspired from the displacement of Kurds Faili designed and prepared the Ministry of Culture. Has been developed on the category (500) fils image to fill a modern on the River Euphrates, and was intended to highlight the importance of water and means of storage and organization in Iraq, and on the category (250) fils putting pictures to fill Kut on the Tigris River, for the same purpose, and put on a category (100 fils), a picture of a lion Babylon, symbol of the power and vigor of the nation of Iraq. and put on a class (50) fils a picture of the palm, the symbol of Mesopotamia. and class (25) fils put a picture of the Ishtar Gate in memory of great Iraqis.

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Now begins the campaign to educate the masses that a new currency is comming...SOON! The extra cost is not significant as some is born by the cost to replace worn notes anyway...AND they get rid of the notes that was forced on them by the CPA...Celebrate the culture and history of Iraq...On a near par to us dollar!

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he decided to stop the basic parameters of the currency notes of the categories (25000,10000,5000) JD Traded to the road as it is in the new series (25,10,5) dinars to enable the audience with her as a thousand imprinted in his memory...............this is sounding like lop news.....!

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it is just a speculative cost - spending study --- performed by private company ---- even these folks can be left in the dark about some of the deals that can happen --- but over all it reads like a road map of what it will take too pay people too work on holidays and the transportation of all the coins and notes ,,,, as for the cost of making the notes i think the c.b.i. already has that covered { i m o } or i think we would not have seen the 1 2013 date line for new notes to be a done thing ,,,, { one other view -------> why would they need too pay for holiday ??? are they thinking like dr.shabbi ---- give me a three day weekend and we will have the currency in line with dollar <---- or something to that effect hope they suprise us and make this end soon ----- with a great rate of exchange

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