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Central Bank: trillions of Iraqi currency comparable to the U.S.


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Yet another one....however...with the CBI being down, when I read this, it almost sounds like a DONE Deal...just saying ;]

Monday, 05 September / September 2011 14:29 Hits: 18 . .User

Twilight News / The Central Bank, on Monday, he sought to reform the Iraqi currency, which suffer from inflation in the monetary mass, indicating that the size of several trillion and reached a size comparable to U.S. monetary bloc.

The deputy governor of the Central Bank of the appearance of Mohammed in an interview with " Twilight News "that" the Iraqi currency to suffer from inflation of several trillions and trillions of comparable size in the U.S. monetary bloc. "

It is said that the Iraqi Central Bank revealed, earlier, that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.

Saleh explained that "the mass of U.S. monetary inflation because of the strength of the U.S. economy, but inflation, the Iraqi currency was due to the deterioration of the Iraqi economy."

Economists and shows that the process of deleting three zeros from the Iraqi currency will lead to increased value and to increase the purchasing power of citizens, pointing to the need to follow the policies of peaceful citizens and to persuade them to get used for a period not exceeding two years.

The Deputy Governor of the Central Bank, "the Bank seeks to reform the Iraqi currency by deleting the zeros and the issuance of coins of small and large are not exposed to damage quickly."

The Central Bank of Iraq began to discuss amending the dinar categories last year, and is still a large part of the payments are in cash because of the evolution of the banking system.

And between the head of the Iraqi Securities Commission, earlier, that the deletion of zeros from the Iraqi currency will not affect trading in the Iraqi Stock Exchange and its shares

http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.shafaaq.com%2Fsh2%2Fnews%2Feconomy-news%2F33337-2011-09-05-11-32-09.html

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