3-20-2015 *American Contractor

[Vixen]

3-20-2015 *American Contractor ~they printed approximately one trillion of the 50 dinar banknotes. A small amount compared to the 68 trillion in circulation. The current Central Bank reports outlined how the money supply has increased in January 2015 by 4 trillion dinars. The delete the zeros project or the printing of new Iraqi dinar currency has not started and will not start until the green light is given by the Government. The Central Bank has to have authorization from the Iraqi parliament to print the new categories of the Iraqi dinar currency. Recently, the Central Bank stopped the currency auctions because it was decreasing the foreign currency reserves. We know this because Hoshyar Zebari, Iraq Minister of Finance stated on February 27, “Iraqi Central Bank’s reserves of hard currency (USD) fell to $68 billion which decreased 12.5% or $9.7 billion. This year, the Central Bank has two goals…