Thursday, June 29, 2017

NEWS RECAP: Learn the benefits of the deletion of zeros from the Iraqi currency, 29 JUNE

Central Bank: the deletion of zeros early in the year 2017

1.adraj Iraqi dinar in the global basket of currencies and dealing officially the world 's stock exchanges and financial markets.

2.amkanah held economic agreements to deal in national currency as Iraq could hold payment in dinars instead of dollars when the contract to set up production lines deals or agreements Stirad goods deals that will cover a very large part of the foreign transfers that are squandering the national wealth of hard currency.

3.illt trading allows dealing in Iraqi dinars in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and government sector, which is the sovereign wealth dissipated abroad on a small and non - core transactions and perfectionism in Iraq at the time need this wealth for storage as a reserve.

4.seetm get rid of the manipulation of the currency exchange market and finish the so - called auction sale currency "" burning oven dollar ""

5.satoagaf work of corrupt and suspicious banks and their agents Smaserthm "" contractor and investor cartoon "

6.seetm cap higher amounts transferred abroad of currency dollar, euro, yen sterling and the yuan exchange - active and other pound to ensure that no smuggling of the great mass of transactions of currency smuggling.

and said the Iraqi Central Bank governor said the project to delete the zeros will be implemented at the beginning of 2017, indicating that the bank began to develop the first steps of the project.

Keywords and said that " the goal of h P three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency, "returned him as" this strategic project will serve the country 's economy if it will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. "

He added that" the Bank is working on the mechanisms of for the implementation of this project is expected to start with the beginning of the year 2017 , "noting that" the central bank began the first steps of the project through the selection of designs, companies and the country in which currencies will be printed. "

He pointed out that " the new currency entry does not mean the destruction of the old currencies, but will continue to trade for about ten years , " pointing out that "this period will enable the central bank to withdraw the old currency according to the dynamics and mechanics in order to preserve liquidity in the market."


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