CBIís Saleh: Currency will not be replaced during 2013; No agreement on specific date
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Thread: CBIís Saleh: Currency will not be replaced during 2013; No agreement on specific date


    
  1. #1

    CBIís Saleh: Currency will not be replaced during 2013; No agreement on specific date

    Published 25/09/2012 07:55 AM

    Baghdad:The deputy governor of the Central Bank of the appearance of Mohammed Saleh told (people) that the process of replacing the currency and raise zeros it needs major work, and within the business associated with the replacement of the currency to start restricting the books calculations for the fiscal year, and this did not happen in the books of 2013, so it will not be Switch currency over the next year and I am confident to do so.



    Although there are a device for anti-money laundering at the Central Bank, and this device to prevent the introduction of counterfeit currency through the process of switching the currency, but the deputy central bank governor said: There is no perfect condition in all respects, it is people enter counterfeit currency during the replacement process has not this happens, it is important that an exceptional case and not mainly a companion to the currency exchange operations, we want to be a successful process of structuring currency because it is a strategic project for the State of Iraq has positives citizen C_lemsha.

    Saleh said the project raise zeros important, and considers the project a reformist government, but the problem is the timing of the switch, Vlgaah today there is no agreement on a specific date to begin.

    ALTERNATE TRANSLATION:

    Central Bank announced the currency would not be replaced in the coming period and not even by 2013.

    Deputy Central Bank Governor Mohammed Saleh told the appearance of (people) that the replacement currency and raise zeros posted need considerable work, and the accompanying Exchange begin by restricting accounting books for the fiscal year, and that hasnít happened in the books of 2013, so the currency will not be altered during the next year and say so.

    Despite a money laundering at the Central Bank, and this device will prevent the introduction of counterfeit currency during the currency changeover, the Deputy Governor of the Central Bank said: there is no situation is perfect in all respects, individuals will enter the counterfeit currency during the replacement process, this may not occur, it is important that an exceptional situation and not primarily an escort for currency conversions, we want to be a successful currency structure as a strategic project for the Iraqi State and its citizens will feel her positives. Saleh said that the lifting of zeros is important, the Government considered counter-initiatives, but the problem is the timing of the switch, let us date, no agreement on a specific date for the launch
    http://thecurrencynewshound.com/2012...specific-date/



  2. #2
    Banned
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    We are looking for the re-value of the currency...
    they have available all the previously printed lower denoms
    from the De La Rue family of currency...
    and the printing of a new currency with Kurdish language is NOT critical to the RV.

    They have already been "removing the zeros" through the auctions..
    trillions of dinar have been pulled out of the Iraqi economy this year..
    12 trillion alone in June July and August.

    Lastly.. Saleh is NOT Shabibi.
    Saleh has made many many statements that turned out to be not true.

    Smoke and mirrors? Reality?

    Nope.. just ONE article among all of the articles.

    Don't let it ruin your day.

  3. #3
    Senior Member newmonies's Avatar
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    i have to agree 100%
    "Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"

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