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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar

rocky
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Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar Empty Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar

Post by rocky Tue 27 Sep 2022, 2:45 pm

[rtl]Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere[/rtl]

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Today, Tuesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb, said that the bank is working on issuing the digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.
Makheef said during his hosting at the Al-Rafidain Forum for Dialogue, that “until now, there is no specific dates and controls for issuing digital currency in the country,” adding, “But we are working during the coming period on these controls to keep pace with the countries of the region and reduce the practice of dealing with cash through the issuance of this digital currency.” .
And about deleting zeros from the local Iraqi currency, the central bank governor said, “The process of deleting zeros requires the issuance of a law, and a draft law in this area has been prepared by the Central Bank and was submitted to the previous government .”
He explained that this law needs amendments, stressing that the issuance of this law requires an atmosphere because the deletion of zeros is directly related to the economy and to market prices in the country.
With regard to the Central Bank's issuance of a new denomination of the local, he said, “We are working to issue a new denomination of 20 thousand dinars in order to keep pace with the requirements and to match the currency countries,” adding that "we will begin announcing the new denomination after its requirements."
With regard to the exchange rate of the dollar against the Iraqi dinar, the governor of the Central Bank confirmed that “there is no intention to reduce or change the dollar exchange rate.”
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