The central bank reveals the cost of printing the Iraqi currency
19
May
5/17/2015
Manager version in the Central Bank Ihsan al-Yasiri, said the Iraqi Central prints thousand paper of class 25 000 dinars in Arsn international companies at a cost of less than $ 60, noting that the bank will not spend significant financial liquidity for the printing of the new denominations because a few costs.
Yasiri He added that “The central bank is serious about printing new cash categories that will be one of the two categories of 50 and 100 000 dinars, which is in the process of selecting designs and corporate printer.”
He added that “the decision to print the powers of the central bank exclusively for that part of the monetary policy, which can not be interfered by any party.” , stressing that “printed currency project is necessary to modify the Iraqi banknotes structure in preparation for the implementation of the project to delete the zeros.”
He pointed out that “the Iraqi dinar is very strong currency but restructuring banknote weak because the biggest coin is 25 dinars category equivalent to $ 22, and this weak structure makes citizens prefer to deal instead of the dinar to the dollar. “
said Prime Minister for Economic Affairs Adviser to the appearance of Mohammed Saleh, earlier, that the draft Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country’s economy, Mbenaaon Iraq is suffering a contraction in liquidity Whether or dinar to the dollar as a monetary bloc in Iraq size of about 40 trillion dinars.
