Saleh: The cost of printing currency after you delete the zeros quarter of the cost
The cost of printing the currency after you delete the zeros quarter of the cost of printing currency current
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh
"Gate of Iraq" BAGHDAD - Vice Governor of the Central Bank of the appearance of Mohammed Saleh said that "the real cost for the printing of new Iraqi currency after deletion of zeros in the current period cost a quarter of which is printed by the Iraqi currency in circulation."
And pointed out that "accelerate the process of printing the new currency is in the interest of the country in the current period because the deferred into the future lead to a cost increase to three times the cost to be allocated for printing in the current period."
Hesitated and news about the high cost of printing Iraqi currency after deletion of zeros to the imaginary numbers of up to one hundred and seventy billion Iraqi dinars.
The project has been delayed to delete the zeros due to some work by Almarqlat, especially after extensive controversy about it.
Iraq had replaced its currency in 2005 as it continued currency of the former regime for nearly two years.
------------------- The CBI's Deputy Governor, Saleh.. is telling us that printing the new lower denoms will cost only 25% of what they paid in 2003/2004. He is also saying that it will cost much more later, than to just do it in 'the current period". He adds that the high numbers previously quoted are "imaginary" . ~ Blue
Last edited by BlueyesinLevis; 07-19-2012 at 05:52 AM.