Iraq: the category currency and 50,000 dinars coins in Arabic and Kurdish

[carlablum]

Iraq: the category currency and 50,000 dinars coins in Arabic and Kurdish

21/11/2011 11:14

Baghdad 21 November (aknews) – the Central Bank revealed Monday it works on issuing new currency category of 50,000 dinars and small coins in Arabic and Kurdish to address liquidity in Iraq.

Haiti, Para Komaki, said Dr. appearance Money for the Bank's Vice President of Kurdistan News Agency (aknews) that "the Iraqi Central Bank to issue new currency works great category (50) thousand dinars owing to the absence of significant currency in the country."

Saleh said that "the greatest work in the country is currently (25) one thousand dinars and PPP have not to exceed $ 23.

Saleh said "the Central Bank also issued coins for the absence of these categories that facilitate the process of dealing and procurement between the citizen and the Iraqi market that need to return to the small metal currency which was dealt with by Central Bank".

Saleh said that "the new currency will be in the Kurdish language in addition to Arabic symbols that express the diversity of Iraq and Iraqi civilization and civilization including Kurdish civilization."

Saleh stressed that "Iraq needs to support its economy and its currency by issuing currencies effortlessly foreign currencies including $ 100 category."

Saleh said that "cash transactions in the Iraqi market in need of funding as Ashe (monetary) large and therefore difficult to transfer funds in the form of bags in case of large transactions."

And he cautioned that "Iraqi banks do not accept deposits sometimes because of problems with this number and the account for large amounts of money".

And increased benefit earlier Iraq seeks to reduce the money supply (L2) from 25 trillion dinars to 15 billion dinars ". Noting that "the Central Bank works to reform the system of payments in Iraq and the Monetary Authority policy."

And he said that it "will soon be by issuing a new currency and the cancellation of three zeros from the new currency."

Saleh said that "this action is an important part of currency management reform process and facilitate payments system and eliminate the remnants of the previous inflation through monetary block dealing powerful and easy to" he "instead of dealing with a large amount of money to buy a small amount of goods we will deal with a small amount of money to buy a large quantity of goods".

From: Sam turns: a dry, Baghdad

http://www.aknews.com/ar/aknews/2/273657/

[p71rock]

already posted at 6am this morning.

[carlablum]

already posted at 6am this morning.

My appologies,

Can someone please let me know where this has been posted. I have been trying to find it. Maybe I am not awake yet.lol

Thank you!

Carla

[redsand]

Carla,

right under your nose. Just look at the titles in the forum. It has about 7 pages of comments back and forth.

[Markinsa]

Posted here:

http://dinarvets.com/forums/index.php?/topic/92171-cbi-issuing-currency-in-50-thousand-dinars-and-coins/page__view__getnewpost__fromsearch__1

Closing Topic.