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Thread: Economic Commission denied the decision in the Iraqi parliament, on Tuesday, told a House of Iraqis on the issuance of a new Iraqi currency in the month of September next.

  1. #1
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    Default Economic Commission denied the decision in the Iraqi parliament, on Tuesday, told a House of Iraqis on the issuance of a new Iraqi currency in the month of September next.

    Economic parliamentary: Remove zeros from the Iraqi currency end of next year
    21/02/2012 12:27


    Erbil, February 21 (Rn) - Economic Commission denied the decision in the Iraqi parliament, on Tuesday, told a House of Iraqis on the issuance of a new Iraqi currency in the month of September next.

    mahma khalel The MP said the Kurdistan Alliance bloc, Mahma Khalil, told the Kurdish news agency (Rn) that "the process of issuing new Iraqi currency will start at the end of 2013, where the three zeros will be removed and written in English, Arabic and Kurdish."

    Khalil added that "the parliamentary economic committee was held up to now, several meetings with the Iraqi Central Bank Governor on the issuance of a new Iraqi currency."

    He explained that "the new currency will contain several categories, as a group of 50 fils, quarter of a dinar, half dinar, one dinar, five dinars 0.25 dinars, 50 dinars."

    He pointed out that "the aim of this step and the issuance of new currency, is to raise the value so that the Iraqi dinar is equal to the value of the U.S. dollar."

    He stressed that equal the value of Iraqi dinar with the U.S. dollar, based on the balance of the dinar and the increasing availability of monetary reserves, a high level of the Iraqi economy and the sale of oil and gas and the capacity of the state, in addition to the efforts of the Iraqi Central Bank aimed at the strengthening of the dinar in the future. "

    Iraqi currency, MONEY, Para He ruled out Khalil lead to issue the new currency and to remove three zeros, to the inflation in the Iraqi economy, saying "the Iraqi state has $ 60 billion as reserves at the Central Bank and the research indicates and Statistics that the Iraqi economy is moving towards improvement, has also started gas sales and operations of investment increasing, so the phase through which Iraq currently require issuance of new currency.

    And was a member of the Economic Committee in the House of Representatives of Iraq, Abdul-Hussein Abtan, told the Kurdish news agency (Rn) earlier, "The Committee agreed with the Central Bank to begin the process of changing the local currency in September next."

    But Khalil, said "I am the parliamentary economic committee rapporteur, to assure that" this is not unfounded, but the new currency will be treated at the end of 2013. "
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    Great article arh777 thanks for the posting.

  3. #3
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    Sounds like more procrastination and delays to me if they're being honest. I still don't think they would tell the world about what steps and timeframe they will revalue or replace the national currency. The fact is that Parliament is not suffering like the other 99.99 percent of Iraq's population so they really don't care when or if these radical (but needed) changes occur. Parliament knows they will not have as good as they have now IF and when the dinar revalues. During the past 8 years, I have really grown to despise the Iraq politicians. What a bunch of useless tools!
    Instead of our new POTUS (President of the United States), Barack Hussein Obama (aka Barry Soetoro) is the new MOTUS - Marxist of the United States

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