CBI denies issuing currency in 50 thousand Iraqi dinars
23/11/2011 12:15

Baghdad, November 23 (Rn) - denied the Iraqi Central Bank, Wednesday, his work on the currency issue a new category of 50 thousand dinars.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank of Iraq did not decide to issue a new currency in 50 thousand dinars."

"The Central Bank continues to organize the purchasing power of the country and support the value of the Iraqi dinar against the U.S. dollar and the value added any new currency are not taken until after the Iraqi Council of Representatives approved a project to restructure the currency and delete zeros from them."

The Agency (Rn) has published a story Monday on the tongue of the benefit that the central bank is working to issue currency in 50 thousand dinars.

The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.

The Central Bank of Iraq announced in June 22 last he decided to restructure the local currency in order to develop the payment system in the country.

And the International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the local currency and honoring debt and compensation is the responsibility of Iraq.

The Iraqi government has denied any change in the local currency this year in order to reduce inflation.

The local currency of Iraq has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was a symbol of the former regime