The models of the Iraqi currency in the royal and Republican covenants

[yota691]

The models of the Iraqi currency in the royal and Republican covenants   Editor Hossam Al - Khafaji - Sunday 31 March           Alsumaria News / Baghdad  returns the beginnings of the use of the currency in Iraq since the First World War when Iraq was part of the critical region of India, where he used the Indian rupee as legal tender in that period until 1932 and in 1931 was the "Committee of the Iraqi currency , " the establishment under Law No. ( 44) for the year 1931, after which the Committee was abolished and the "National Bank of Iraq" was established under the laws numbered (42, 43) for the year (1947) to issue the currency. The Iraqi currency passed through several stages, the royal edition bearing the image of King Faisal until 1958, the edition bearing the republican emblem until 1978, and the international edition of the Swiss edition printed by the British company Delau and the Soviet Exportals until 1990, The Economic Siege of Iraq The Central Bank of Iraq printed banknotes in Dar Al-Nahrain for printing and does not have security specifications and ordinary paper.  In early 2003, the Central Bank withdrew all local and international banknotes, known as the Swiss edition, and put the new series of the Iraqi dinar, consisting of (7) categories printed with high security specifications and continue to develop these specifications, which prevents the ability to falsify or falsify This bank is using modern techniques in detecting counterfeit banknotes.

[jeepguy]

" AND now  we know the rest of the story "   ---- page 2    (  correct me if I am off on this but those dates of the older notes ,  those dates were also in line with --------->   3.00  dinar    ( 1932 and in 1931 /  1947  /  1958 /  1978 /  )

[ChuckFinley]

I think you are thinking of returning the dinar to its Glory.    - Glory Days.

[jeepguy]

either a history news story  , or  the central bank is trying to show  what the dinar can do if things  line up correct ? 

Central: 80% of citizens have no accounts --------->  think the central bank is trying to brainstorm  , to get the average Iraqi to open up accounts , or just start using them ?

[jeepguy]

1 minute ago, ChuckFinley said:

I think you are thinking of returning the dinar to its Glory.    - Glory Days.

something is up with these jokers  /  maybe trying  to sale  those old notes from the vaults to  those new young Iraqi  coin collectors ...

[ChuckFinley]

Making room for some real money, hopefully.  

[tigergorzow]

Yota Thanks, DV,  Come CBI git er done and stop teasing the citizens & DV Members.  Bring on the LD's asap....😁😁

 

GO RV / RI

[Gunnytex]

5 Cigars = 1 Dinar 

[KDuesing]

This article came out of nowhere and makes no sense to even be printed. Except for this one line.

3 hours ago, yota691 said:

returns the beginnings of the use of the currency in Iraq 

 

[Happy Peacock]

57 minutes ago, KDuesing said:

This article came out of nowhere and makes no sense to even be printed. Except for this one line.

 

I agree. 

 

[ChuckFinley]

8 minutes ago, Happy Peacock said:

I agree. 

 

 and  again.

[jg1]

Good, now just do it!

Im starting to get over educated.

[ChuckFinley]

2 minutes ago, jg1 said:

Good, now just do it!

Im starting to get over educated.

Could not said it better. They just love talking about it over and over again with no action what so ever.  

[NEPatriotsFan1]

1 hour ago, Gunnytex said:

5 Cigars = 1 Dinar 

My cigars are a minimum of $10.... that would be $50:1 iqd !!!😂🤣🤞

[kwg]

Master Yota any thoughts on this article?

[6ly410]

bump

[Donziman]

Hey CF you are correct. They love talking about it because they are the biggest

pumpers in the dinar myth story. They keep teasing and teasing like a fluffer 

on a porn set. Gotta keep everyone believing it's real....

[Synopsis]

If interested, here is a breakdown on the 20% having a bank account I made earlier this month:

 

 

40% of the Bicraqi Iraqi population is 14 years old and under. Would THEY need OR have a bank account???!!!

 

Also, depending on how the household is run, one of the spouses may NOT have a bank account since the finances are run by the other spouse so both spouses do NOT need or want a bank account when the OTHER spouse has the bank acount. That WHACKS another WHOPPING 30% (1/2 of the 60% remaining) NEEDING/WANTING a bank account.

 

So, 70% of the Bicraqi Iraqi DO NOT WANT AND/OR NEED a bank account - YET!!! WHEREAS 80% do NOT have a bank account.

 

10% of the Bicraqi Iraqi Population DIFFERENCE.

 

BIG WHOOP!!!!!!!

 

Further, the 20% having a bank account may be BABY misinformation. WHO, pray tell, knows for SURE???!!!

 

Go Moola Nova!

[ChuckFinley]

That is what I like about your posts, always thinking it through.

[Synopsis]

Just now, ChuckFinley said:

That is what I like about your posts, always thinking it through.

 

 Thank You, ChuckFinley, AND The Very Best Of Your Up Coming Week To You!!! 

 

Really appreciate Your contributions, too!!! 

 

Go Moola Nova!

 

P.S. I topped out on my stinkin' purple trophy and emerald counter so, please, for now accept +++++++++++++++++ until I can come back later!!!

[ChuckFinley]

 No worries, thanks and enjoy your week too. 

[Synopsis]

Just now, ChuckFinley said:

 No worries, thanks and enjoy your week too. 

 

Thank You, Sir!!! 

 

HERE, in my opinion, is ONE pretty PICTURE!!!

 

 

https://quotes.ino.com/charting/index.html?s=NYMEX_CL.K19&t=f&a=&w=&v=w

 

The WTI Dude Oil Futures ARE POSITIVE opening late TODAY above $60/barrel AND about $0.15 ABOVE the close LAST Friday!!!

 

Maybe BABY the picture WILL GET even PRETTIER as the WEEK goes ON!!!

 

      

 

In The Mean Time........................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

 

   

[ChuckFinley]

For sure, I am at the point I ready to get closure on this and move on. 

[Theseus]

12 hours ago, ChuckFinley said:

I think you are thinking of returning the dinar to its Glory.    - Glory Days.

Shhh...Peanut is swooshing someone. LOL

[yota691]

22 hours ago, kwg said:

Master Yota any thoughts on this article?

Only thing I can give you feedback is quick search thru DV..an I found few articles from last year an beyond...with the reference of Indian Rupee... Articles below are not in dated ordered 

Link

Indian Rupee to 50 thousand dinars category .. Bus currency fluctuations

 

Editor Hossam al-Khafaji, Duraid Salman - Monday, November 16, 2015 11:09

 

 

 

 

 

Alsumaria News / Baghdad 

I was born and paper 50 thousand dinars in a matter of economic hard gripping the country, to inject into circulation while decayed small denominations to the point of disappearance of some of them out of existence after the fall of its value, and there are those who welcomed it and considered it "right step", while fly them and others calling it means "demise blessing "of the national currency and the poor local economy. 

 

 

 

There is a big problem facing the citizens in dealing with the rise in the value of goods and services, at a time that began category 250 dinars, the lowest category lose its importance, the need arose for the categories of cash biggest, but that, according to, specialists, will have a hefty price tag would confuse financial policy Iraq, which suffers from a significant economic downturn. 
 

Cover part of the deficit 
 

Says the decision of the parliamentary finance committee Haj Ahmed Rashid in an interview with Alsumaria News that each new release his private and public goods, indicating that it stimulates citizens to acquire this category. 
 

Rashid adds, that "the Iraqi currency was not the equivalent of less foreign currency, because the largest Iraqi category was 25 thousand dinars," noting that "the issuance of such currency will stimulate Iraqi citizen on the acquisition instead of hard currency." 
 

Rashid confirms, that "a new large cash currency issue would part of the budget deficit to cover," pointing out that "the project to delete the zeros can not proceed at the present time with the deadlock and deflation, which passes by the Iraqi economy." 
 

Easier to carry currency 
 

And found a member of the Finance Committee Majida al-Tamimi in an interview with Alsumaria's News, said that "the currency of 50 thousand dinars monetary and currency issuance of 100 thousand dinars a class that will be issued later will carry easier by the citizen," indicating that "the issuance of such currency has no effect on the market As far as its impact on the money supply. " 
 

Confirms al-Tamimi, "can not begin to delete the zeros at the present time in light of the current political and administrative environment," indicating that "the deletion of zeros need technology to control and things can not state provided at the present time not in terms of technology and in terms of integrity that has become a phenomenon that is not It can be controlled. " 
 

Dealing currency type of sovereignty 
 

The economic expert on behalf of Jamil Antoine, that "dealing in Iraqi currency instead of the dollar is a kind of Iraqi sovereignty," adding that "most large transactions and deals are currently being handled by the dollar." 
 

Explains Antoine, that "issuance of this category are deferred step, which is part of the project to delete the zeros through printed three major categories of 50 thousand and 100 thousand and 200 thousand dinars, compared to the withdrawal of small cash currency as a result of winning the country's inflation," he said, adding that "the currency issue large cash will enable the bank to reduce the burden and deal a market instead of the dollar. " 
 

Category will not contribute to market stability 
 

Former economist at the Central Bank of Iraq on behalf of Abdul Hadi, confirmed that "the issuance of 50 thousand dinars category will not contribute to market stability, especially price index of the market and inflation," referring to "the existence of changes in the data economies on the ground and contraction of the Iraqi economic reality." 
 

He adds Abdul Hadi in his speech to Alsumaria News, that "this category of cash would raise imposed on a bank in the management of operational costs and the organization of the currency", ruling out "for desired results to facilitate the transaction." 
 

And it refers to Abdul Hadi, to "cash in circulation category currently amounting to 25 thousand dinars are sufficient to deal them through individual and corporate transactions, while the big deals are covered through the dollar." 
 

For his part, says economist Habib Alkarogola in an interview with Alsumaria's News, that "Alagraiah value of the currency will not significantly impact on the market, but the impact will be significant inflation," asserting that "the issuance of such currency at the present time will create more than monetary chaos It leads to stability. " 
 

Alkarogola refers to, that "the market will not give up the big dollar dealings as a result of monetary stability and considering the block are treated globally," asserting that "the market needs to retail more than he needs to large groups of currencies." 
 

The Iraqi Central Bank announced on Wednesday (November 11, 2015), issued a new banknote category fifty thousand dinars, attributing this to the completion of the Iraqi banknotes structure and the development of high value in the trading category. 
 

The Central Bank of Iraq announced in 2013 its intention to issue new editions of the categories of the 50 thousand dinars and 100 thousand dinars. 
 

A history of volatility 
 

Iraqi currency passed a historic Bmnattvat result of the continuing volatility over the decades, as it introduced the British occupation power in the early twentieth century, the Indian rupee as the official currency instead of the Ottoman lira, in 1931 Iraqi dinars equal to the pound sterling in value and is divided into 1000 fils, put the first version of the dinar during the reign of King Faisal I on the first day of April 1932. 
 

After the coup, July 14, 1958, the Central Bank of Iraq, a new version of banknotes and coins, bearing the logo of the new republic, has been decoding the dinar link in pounds sterling and linked to the US dollar, featured new versions of the paper currency in the years 1971 and 1973 and 1978, while suffered of the Iraqi dinar continues to deteriorate for its value after the Iran-Iraq war began, where its price has fallen from 3.3 dollars to dinars in 1980 to about 4 dinars to the dollar in 1988. 
 

After the invasion of Kuwait and the end of the second Gulf War and as a result of the economic blockade and printing of currency in the Iraqi presses got a severe collapse in the value of the dinar, reaching its value in 1995 to low levels and was one US dollar is equivalent to 3,000 dinars, which the Iraqi Central Bank was forced to issue coins were not unusual Previously, in 1991 banknotes issued by the class 50 and 100 dinars and 250 dinars in 1995, and in 2002 the bank issued currency worth 10 thousand dinars, and the Iraqi citizen carrying huge bundles of currency is a Category 250 dinars to buy simple materials. 
 

After the US invasion of Iraq in 2003, the Coalition Provisional Authority then issued a new Iraqi currency is printed in "Dallarro" presses in Britain specifications difficult to forge and was used in all parts of Iraq, including the Kurdistan region in northern Iraq and has the process of switching the currency where Replace all printed dinars in Iraq or China new Iraqi dinar.

Link

The absence of small monetary categories is detrimental to the stability of the local economy

7/29/2018

 

In the middle of a clothing store, he stood up to me after chatting with one of the customers of the shop to go to his little desk at the end of his little place, and while he was busy talking while he was opening the table drawer, he drew an his face with signs of anxiety, as he did not find the small categories of local currency from P 250, 500 and 1000 dinars, and he said:
"Small cash groups are almost out of our shops, so how can we deal with customers, especially those who give us such large categories as 5, 10, 000 and 25,000 dinars, really it's a big problem."
Expert in economic and academic Affairs Dr. Hilal Al-Tahad the presence of small cash groups leads to lower prices in contrast to large groups, which increase inflation and price rises, especially in the categories of 25 and 50 thousand dinars, and it is known that any economy in which the small groups disappear For coins leads to the supremacy of the large and increase their market circulation at the expense of the small.

 

Notable absence
The shops and markets alone are not affected by the absence or scarcity of small cash groups, but also by banks, and the bank says they prefer not to be named:
"A short while ago we noted the absence of cash categories of 250 and 500 dinars, since we are unable to provide them and give them to citizens and employees alike, and if we are equipped with them they are very few compared to the real need for them, and no one knows why they are missing because we have not noticed any new edition in the market or in the sucking Irv, this is a threat to our economy because these categories are accessible to all and easy to handle as compared to the large ones that exist, such as 50,000 dinars, so banks have to accept and receive damaged currencies from the citizens. "
General manager of the Department of repair and storage at the central bank Abdul Karim Hassan said in a previous statement to "Morning:
"We have instructed the government and commercial banks to receive and replace, without any fines, the damaged banknotes from the citizens and to provide them with any quantity and the banks in contravention of those instructions are held accountable, and in respect of the burned or buried currency the citizen can hand over to the bank Exclusively for replacement as soon as they are submitted under certain controls. "

 

Financial cover
And while he's busy arranging the clothes inside his shop, he's full of wonders.
"What is the real reason for the absence of small groups earlier, we were noticing the existence of modern-day coins that are being dealt with, but today it is only the old and almost corrupted. Is this a harbinger of the occupation of large market groups and how a simple citizen can go along with this, which could lead to High prices of goods and merchandise?.
According to the bank, the custom is to print out the country's coins and provide a cover for printing according to a certain vision. Iraq provides this order of oil sales and perhaps the scarcity or disappearance of small cash categories is a sign of the failure of the printing process, and it is known that the previous system was printing Within the country are traded by the citizens of Iraq exclusively and unrecognized outside of it at the fall of the system this money is no longer valuable and has been handed over by the citizens to the competent authorities for the benefit of one way or another. Our current currency is internationally recognized and has value compared to the counterpart In the previous system. "
The Director-General of the Department of Repair and Storage stated that the central bank had processed the Rafidain and Rasheed Bank with banknotes and small categories for payment within the salaries of employees, and the bank was sorting out and compensating them with new papers, stating that the bank continued to print and improve banknotes In particular the small groups and their pumping instead of the damaged leaves, they are required to maintain and accept the currency, whatever its situation, as a symbol representing the country's sovereignty and to inform the bank if the banks refuse to receive the damaged currency from the citizens.

 

Iraqi dinar
After the British occupation of Iraq during the First World War, the occupying Power took over the currency of the Indian rupee as an official currency instead of the Ottoman lira, and in 1931 it was decided to establish an Iraqi Currency council with responsibility for the issuance of a special Iraqi currency, with the promulgation of Act No. 44 of 1931, which provided An Iraqi dinar equivalent in value to the pound sterling, divided into 1000 fils, as the first release of the dinar was shown in King Faisal I on the first day of April 1932, and the banknotes were in the quarter-and-half-dinar category, one dinar, five, ten dinars and a hundred dinars, while coins from Coins are in the category of Fils and fils, 4 money, 10 money, 20 fils, 50 fils and 100 fils or Sr. The Iraqi Currency Council continued to issue banknotes and coins until the establishment of the Iraqi National Bank in 1947, and in 1954 the Central Bank of Iraq was established, which became responsible for issuing Iraq, the Iraqi dinar throughout that period was linked to the pound sterling, whose value was rising and decreasing according to the vagaries of the British economy.

 

Coins
The fifteenth anniversary of the coins, which were circulating in the 1950s and 1960's, is a civilized form of cash categories, with a value of five and 10 money, all of which were within the reach of the citizen and easy to obtain.
Economic researcher Leith Ali Ben It is known that the form of currency and its colours have a great psychological effect on the consumer this has been demonstrated by the various scientific studies as they become more proud of their currency and their desire to legalize the purchase, as well as the need for the coins, which are observed to have not disappeared from trading in Different countries of the world, because they depend on the presence of the parts for example 350 or 450 dinars We note that the coins were completely disappeared from circulation in Iraq's Asazona, and earlier they had a presence since certain devices had previously used this currency, including landlines that existed In public places today it has been dispensed with for a variety of reasons, including changes in the trading markets, as well as its cost, so it has been replaced by the paper that has become the current trading woman.
 The Economist also notes that with regard to the depreciation of the Iraqi currency against the dollar, the citizen may feel that his national currency is worthless, but when it rises, he gets a great deal of it before it, starts by keeping it and trying to legalize the purchase, and in terms of removing zeros from the Iraqi currency  There is a belief that this has an impact on the psychological aspect, since when it disappears from monetary currency, the citizen will feel the importance of his currency and the need to preserve it, in addition to the fact that the paper in which the currency is printed must be of a luxurious kind, as its effect has psychological effects and prompts the consumer to think about the necessity of alleviating A thief from this coin, replacing it with other quality, clear and colorful paper.

 

Reuse
The employee Shahrazad Mohammed Akdt said that her salary for two months was completely cut off from the small cash categories of 250 and 500 dinars, although they are very bad and sometimes not received by sellers or even private and public taxi drivers, which is a real problem for the citizen.
The plague has shown that confronting such a problem requires studying the market situation and finding a solution either by distributing the small cash categories to employees ' salaries or by printing small, easy-to-trade currencies, taking advantage of the damaged coins, converting them into dough and later using them, and small groups are of great importance for being easy to trade Among the citizens and is working to stabilize the economy.

In the middle of a clothing store, he stood up to me after chatting with one of the customers of the shop to go to his little desk at the end of his little place, and while he was busy talking while he was opening the table drawer, he drew an his face with signs of anxiety, as he did not find the small categories of local currency from P 250, 500 and 1000 dinars, and he said:

Link

 

The future of the Iraqi currency



11/29/2018 Article Published 11/28/2018:

 Money, a source and document representing the state, is a symbol and expresses its political and religious system and its own philosophy. In comparison to date writing, documentation across currencies can not be questioned or challenged as a concrete fact and document for a certain period of time. Humanity has greatly benefited from the history of civilizations through the study of its currencies and their holdings.
The discovery of currency is compared to the discovery of printing, as it facilitates the process of exchange between people and traders alike, and the currency is one of the main components of the market; without it, there can be no buying and selling.
Before the entry of the British occupation forces in October 1914 was the currency traded among the people is the Ottoman lira, after which the British occupation authorities introduced the Indian rupee as the currency of circulation, and after independence was established the first council to issue the Iraqi currency in 1931, was linked to the Iraqi dinar in pounds sterling, The July 14, 1958 Revolution The dinar was pegged to the pound and pegged to the US dollar
The Central Bank of Iraq issued a new currency of paper and metal, bearing the slogan of the new Republic. New issues of paper currency were issued in 1971, 1973, and 1978. The Iraqi dinar suffered a continuous deterioration in its value after the Iran-Iraq war began, dropping from $ 3.3 per dinar in 1980 to about $ 4 in 1988.
As a result of the invasion of Kuwait and the issuance of resolutions of the Security Council to impose a blockade on him, and the deterioration of the value of the Iraqi dinar, forced the Central Bank of Iraq to issue currencies that were not traded before, issued banknotes of 50 and 100 dinars, followed in 1995 issued a paper of 250 dinars, The year 2000 issued a cash paper bearing the category of 10,000 dinars, and it is noted that all these categories were carrying the image of former President Saddam Hussein. The citizen carried large packages to buy his simple needs, which do not exceed eating and drinking
After the fall of the former regime, specialists began to think about how to restore the spirit of the Iraqi dinar, and remove the heavy legacy of the Iraqi economy, they began to put the idea of removing three zeros from the current currency
The deletion of zero is defined as a process by which the nominal value of the currency is adjusted due to high inflation and devaluation. Countries such as Brazil, Argentina (South America), Yugoslavia and Poland (countries in the orbit of the Soviet Union) Ireland (for joining the European Monetary Unit), a process different from the devaluation process,
But can such action be implemented? What are the pros and cons of the economic movement in Iraq? Could it really help to reduce inflation rates? Finally, what is the right timing for it?
This process is still controversial in the government and monetary circles, businessmen and specialists. Some believe that doing such a process will lead to more corruption and tampering with public money, because of what is happening in the process of changing the currency, and it will create a state of chaos and confusion in contracts internally and externally, And that it will not change anything from the fact that the amount of the issued paper will remain the same
At a time when an optimistic team believes that this process will lead to the restoration of prestige of the Iraqi dinar, if accompanied by the improvement of the dinar exchange rate, and the process of calculations in various fields will be less complex and simply.
We do not deny that the process of deleting zeros is a necessary and important step comes within the need for the country to the process of administrative reform of the currency contribute to reduce transaction costs and cash transactions in the economic process, and reduce the size of the country's monetary mass and help to facilitate calculations and reduce the amplification of numbers, if applied Properly and at the right times. But there must be introductions to that process, including choosing the appropriate time in which the Iraqi economy in a state of stability, and then create the economic environment in a deliberate manner to implement the deletion, and this requires the procedures and financial and banking decisions taken by the financial authority in the country.
The process of replacing those "in the process" will cost the state budget of 172 billion dinars (150 million dollars), which is a large amount is significant, if we add the effort of the banking staff and the time that will be lost by the process of switching, and can not Forget the attempt of the weak souls who will try to profit from that process by all means and methods!
It is true that this process will not have an impact on the purchasing power of the citizen, since the exchange of currency will take place in another currency. There may be some shock in the market as a result of this switch, but it is a temporary shock. It is not bad to see the experiences of many countries replaced the currency, such as Turkey, which continued its currency exchange for four years, the Turks remained trading the old currency with the new currency until they were all withdrawn from the market without the market confused.
The most important negatives that will accompany the process of deletion of zeros is the cash illusion, as the deletion of three zeros from the Iraqi currency will sign the citizen under the illusion of cash, which is the most prominent negative that can affect the Iraqi citizen in the event of deletion of three zeroes of the current currency is a significant effect, This will be the result of colliding with the value of the new currency after the deletion, leading him to believe that the value of its assets has decreased by dividing them on the three zeros.
The Iraqi citizen would like to see his currency strong, so the process of raising zeros will contribute to the revaluation of the currency, and reduce the proportion of demand for hard currency, which is characterized by force, and will lead to a balance between the value of domestic and foreign currency and will give them market power at home and abroad, It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 
1000. http://burathanews.com/arabic/reports/341343

 

Link

Prestige of the Iraqi dinar

 

29/08/2013 12:00 AM 

Yasser incumbent 
and one of the most important processors Iraqi dinar exchange rate towards enhancing purchasing power and restore its true value through imposed in international transactions business was or investment, so it was a step Iraqi cooperation Indian via this mechanism منجزا economically significant in the future. 
, and because people proud and treasured national currencies were contributed to maintain its prestige in front of foreign currencies, although the dollar is al-Faisal in all international transactions but that does not prevent from the heart of the equation to calculate the price according to the JD and make it the master of currencies and followed after that. 
we find with the exit of Iraq from the provisions of Chapter VII possibility of re-role of the Iraqi dinar in business dealings and as a currency key in various fields after rid the country of the crippling blockade claimed its value. 
has contributed to fluctuating exchange rate in Iraq and control the dollar in the Iraqi market to tarnish the image of the Iraqi economy and the weakness of the value of its currency and accompany that inflation, monetary and price ongoing and who is in a life and shares the delay in rebuilding the country. 
these pioneering step taken by the Government and, although it is still on paper has not carried out only after the entry of Indian investments Alaanha successful step requires taken in all dealings with the Iraqi companies and investors, exporters and importers. 
also adjust the mechanism in trading needs to study and evaluate Caffeine and then legislation obliges all parties commitment to the priority of the Iraqi currency dealings, it is true that this measure will face the complexities and challenges initially, but inevitably Seoul to achieve success with the experience that Snkhudha with the Indian side in the future. 
also call for financial and monetary institutions to study the possibility of success of this experiment andwe believe The CBI is on the first in creating kits success in cooperation with the Ministry of Finance, represented Bmassarvha government and the Ministry of Planning and the Association of private banks in Iraq represented Bbnokha civil and work on issuing recommendations on helping the success of this pilot experience in Iraq. 
as that responsibility requires the participation of the Committee of Economic Council of Ministers for its relationship with the direct and its role in helping to use the national currency in transactions, as well as economic consulting in the parliament, the government and as an observer to the course of the discussions and the decision remains with the two policies of fiscal and monetary in approving the possibility of implementing this experiment and submitted for ratification and approval.   
said in the introduction to vertical such that this experience may face complications and challenges الخصها in double accommodate these economic culture from the use of currency as the Government dollar has taken root in the minds of all segments of society from Her evergreen to top dealer in Iraq, so we need to intensify the media in this regard as the money supply of the Iraqi currency in the market is another challenge, and this Status Stdona to speed up the process of deletion of zeros to achieve ease of handling them, but there is a possibility to use instruments magnetized until the completion of the accomplishment of a deletion, and the bottom line is that we must begin to experiment without waiting for the re prestige to our currency local and see in the agreement the Iraqi Indian best start to achieve this goal.