Shabibi Announce the Selection of British and German Companies for the Printing of the Currency After You Delete the Zeros of Which
|July 24, 2012||Filled under Featured Article|
Baghdad, Euphrates said Central Bank Governor Sinan Shabibi for the selection of a British company and the other a German for the printing of the new process to delete the zeros after it.
Shabibi said during a meeting with members of the Parliamentary Finance Committee, according to a statement of the Commission that the bank ‘s central chose a British company and the other a German among the many international companies to complete the process of printing the new currency being the Ttavan about 75% of the currencies in the world.
He noted that the central bank has reserves of the currency, including in the process can delete the zeros and coverage significantly.
And Shabibi said that the main reason in the process of deleting the zeros due to the economic stability and the ability of the country experienced significant cash at the bank’s central.
And on the currency auction between Shabibi the operation as a window to enter the foreign currency and raise the value of Iraqi dinar.
The delegation parliamentary annexation MP Abdul-Hussein al-Yasiri, and MP Ibrahim al-Mutlaq, MP Magda al-Tamimi.
During the meeting, discuss the latest developments reached by the Central Bank on the subject of the deletion of zeros and replacement of the national currency and the policy of the completion of this process.
The meeting also discussed the issue of controls adopted in the auction currency and the volume of the money supply.
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