Central Bank: the issuance of 50 thousand dinars will not be accompanied by the withdrawal of any other category



11/25/2015 14:28 pm (Baghdad time)

BAGHDAD - scales News
The Central Bank of Iraq, on Wednesday, that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trade, pointing out that the issuance of this class or any other class does not affect the inflation and deflation.

The bank said in a statement received / scales News / copy of "new banknote to the category of 50 thousand dinars will complete the banknotes in circulation series currently and will increase its ability to meet the public requirements, and that the issuance of this class or any other class will not be accompanied by the withdrawal of any class of trading ".

He said the bank, that "the printed banknote and put it in the trading process (released) are not related to the topic of public spending and not unrelated to state resources or to strengthen their capacity in spending," adding "there is a link between what is marked by the Central Bank of banknotes, and between the cash version achieved as a result of withdrawals from banks balances has. "

He continued, "The issuance of this paper or any paper higher or lower value is not connected with nor impact on the economic situation, or in inflation or deflation," .anthy 29/4 e

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