New measures to maintain the value of Iraqi dinar
Shabibi «morning»: 2013 will see the launch of the new currency
BAGHDAD - Alaa al-Tai
Said the Iraqi Central Bank announced new measures to maintain the value of the Iraqi dinar against the dollar. Said Central Bank Governor Sinan Shabibi »Sabah»: it is «given the high demand for the dollar has taken the Central Bank of new measures regulatory rather than a restrictive». Assured Shabibi that «the monetary policy Iraq's okay because there are up high which is called the cover of the currency, which gives us flexibility in dealing with monetary policy based on the study of the march of the economy, inflation and high prices as if prices rose significantly we will resort to tougher measures, but if increased the pace of price is less there will be other action ».
the past few days have seen a rise in the exchange rate of the dollar against the Iraqi dinar, prompting concern among some citizens on the process .. and delete the zeros, Shabibi said: The« There are a lot of work and continuing in relation to the process of deletion of zeros. The new currency will be launched in 2013 ..
But now we have many ideas for the design of the coin and paper to reach a final form for the new currency, but it needs time to the multiplicity of designs and designers, the competition for features included in the currency ». Ruled out the central bank governor influenced by the market to change the currency, saying:« steps a well-thought, and all banks will contact the bank Central in accordance with the regulatory process will withdraw currency from banks and provide them with the Central Bank of new currency will not accompany the process has no effect in relation to the markets and trading will be easy for the new currency ».
is scheduled to be deleted three zeros from the new currency, ie that the sum of one thousand dinars will become the new currency dinars one Iraqi. describes the process of central bank currency exchange project, the national supporter of the economy in the country, expresses in government and political parties for fear of the project as it will increase the phenomenon of money laundering, also believes that adversely affect the financial trading the stock market.
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