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Sunday, April 14, 2013

CBI subtracting zeros from the local currency (2 articles), 14 april


14/4/2013 11:45:00
Deleting three zeros from the local currency
Said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and international economic.
A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network, said, “according to Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency. “
He Yasiri, that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.”
and between Yasiri , that “the Finance Committee supports changes to the local currency because of the importance of the country’s economic.”
The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management.
and was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that “replacement currency and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar, which comes positive aspects significant to the economy of the country, and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi “.
was the Iraqi Central Bank had indicated in August that it plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases.
Among the difficulties faced by Iraq if they are to foot the deletion of zeros from the dinar is withdrawn about 30 trillion dinars in circulation in the Iraqi market, then discarded and replaced with a new currency.
Alternate translation:
The Central Bank of Iraq delete zeros from the local currency
14/4/2013 11: 45: 00
Delete the three zeros from the local currency
The parliamentary Finance Committee, said the Central Bank in accordance with official correspondence begins this year with three zeros from the delete actions in the local currency, saying it will lead to the development of international economic and monetary transactions.
Member of the Finance Committee, said Abdel Hussein Al-yasiri for sourcing Centre for the Iraqi media network, “according to the official with the Central Bank of almkhtabat it is supposed to start this year made for deletion of three zeros from the local currency.
Al-yasseri, noted that “the local currency will reduce from four billion to one billion unit which will make there is flow in the transfer currency.
Yaseri, “Finance Committee supports changes to the local currency because of the economic importance to the country.”
The Central Bank says that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.
He was a member of the parliamentary Finance Committee Haitham Al-jubouri, said in a statement earlier that “the Exchange and delete her zeroes will be bigger and better features reduce the amount of inflation and revive the dinar as a result of the lack of demand for dollars, which comes with great positives for the economy of the country, to replace CPG economy revived but needs a suitable political and economic environment for the implementation of the project without meeting any obstacles leading to the deterioration of the currency.”
The CBI had said last August it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.
Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.
Article 2:
Said parliamentary Finance Committee, the central bank, according to correspondences official start of this year procedures deleting three zeros from the local currency, saying that it would lead to the development of cash transactions and economic international.
A member of the Finance Committee Abdul Hussein al-Yasiri Center Brief for the Iraqi Media Network (IMN) It ” According Almkhtabat official with the central bank, it is supposed to start this year Balastaadadt necessary to delete three zeros from the local currency. ” and noted that “the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency.”
and between Yasiri “The Finance Committee supports changes to the local currency because of the importance of the country’s economic.” The central bank says that the deletion of zeros comes within the plan for the development of monetary policy and the reform of currency management. and was a member of the Finance Committee parliamentary Haitham al-Jubouri, had said in an earlier statement to him that “currency exchange and delete Ocefarha will features the best and the biggest decrease of the volume of inflation and revive the dinar due to lack of demand for the dollar, which comes positive aspects significant for the country’s economy, and replaced revive economy Alibd but needs political environment and economic environment for the implementation of the project without facing any obstacles lead to the deterioration of the currency Iraqi ” .
was the Iraqi Central Bank has pointed out last August that plans to delete the zeros from the Iraqi dinar to facilitate financial transactions made ​​through cash in most cases. Among the difficulties faced by Iraq if they are to foot the deletion of zeros from the dinar is the withdrawal of about 30 trillion dinars in circulation in the Iraqi market, then discarded and replaced with a new currency
Alternate translation:
Financial: Central Bank begins this year, delete zeros from currencyIraqi media network -14/04/2013-
The parliamentary Finance Committee, said the Central Bank in accordance with official correspondence begins this year with three zeros from the delete actions in the local currency, saying it will lead to the development of international economic and monetary transactions.
Member of the Finance Committee, said Abdel Hussein Al-yasiri for sourcing Centre for the Iraqi media network (IMN), “according to the official with the Central Bank of almkhtabat it is supposed to start this year made for deletion of three zeros from the local currency.
He said the local currency will reduce from four billion to one billion unit which will make there is flow in the transfer currency.
Yaseri “Finance Committee supports changes to the local currency because of the economic importance to the country.”
The Central Bank says that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.
He was a member of the parliamentary Finance Committee Haitham Al-jubouri, said in a statement earlier that “the Exchange and delete her zeroes will be bigger and better features reduce the amount of inflation and revive the dinar as a result of the lack of demand for dollars, which comes with great positives for the economy of the country, to replace CPG economy revived but needs a suitable political and economic environment for the implementation of the project without meeting any obstacles leading to the deterioration of the currency.”
The CBI had said last August it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often. Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced by a new currency

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