12:55 - 02-10-2022
The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the issuance of a new category for cash circulation, especially a category that is not very high, does not mean that it is an expression of inflationary conditions, but rather a measure to improve the efficiency of the performance of the cash payments system in the country with intermediate currencies that serve the speed of monetary exchange and facilitate settlement of transactions and payment methods within society. Economic.
Saleh added that the announcement of the Central Bank of Iraq about the issuance of a category of twenty thousand dinars, comes within the framework of improving its policy in managing the cash payments system in the country, which required through experience the need to issue a category (intermediate currency) divisible by two to facilitate cash payments (not large). Inside the country's monetary system.
The governor of the Central Bank had clarified the work to complete the design of a new currency of twenty thousand dinars, after a series of practical studies to unify the Iraqi currency.
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