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Central bank: the project raise zeros from the currency is still deferred

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Central bank: the project raise zeros from the currency is still deferred

Unread postby admin » Thu Jul 04, 2013 8:20 am

Central bank: the project raise zeros from the currency is still deferred

07/04/2013

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The Iraqi Central Bank, the project raise zeros from the currency is still postponed until further notice, indicating that the Bank's gold reserves has not been affected by changes in the global market.

The central bank governor said Abdul Basit Turki told a news conference Wednesday afternoon on the sidelines of his visit to the city of Karbala to open a House Financial Supervision: The project raise zeros from the currency project is delayed due to the conditions experienced by the country, noting: that the bank is still studying with experts and specialists How to change the currency but its implementation depends on the situation experienced by Iraq and this deferred offline.

Turki confirmed: that the bank reserves of gold is not affected by changes in the global market due to the financial plan developed by the bank a few months ago to avoid such a disaster, noting that the gold reserves in the Central Bank would be a big supporter of the Iraqi currency at any time, anywhere.

It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability

M. J

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