CBI is preparing to issue a monetary metal parts

by **Rocky** Thu 30 Oct 2014, 2:11 pm

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Post n°1

CBI is preparing to issue a monetary metal parts

by Rocky Thu 30 Oct 2014, 2:11 pm

First topic message reminder :

CBI is preparing to issue a monetary metal parts

Metal coins from the category of 25 fils were in circulation until the nineties of the last century

Hazem al-Shara

30/10/2014

Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."

He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.

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by fonz1951 Thu 30 Oct 2014, 10:23 pm

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Post n°11

Re: CBI is preparing to issue a monetary metal parts

by fonz1951 Thu 30 Oct 2014, 10:23 pm

duck2000 wrote:one must ask IF they were going to delay the REVALUATION for five years WHY <<<completed its preparations for the issuance of metal coins of seven small groups>> now ?

that's my feeling also. banna3

by beverly508 Fri 31 Oct 2014, 3:10 am

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Post n°12

Re: CBI is preparing to issue a monetary metal parts

by beverly508 Fri 31 Oct 2014, 3:10 am

good news, thanks rocky!!!! lol!

by **dizzydee** Thu 06 Nov 2014, 8:26 pm

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Post n°13

Parliamentary Commission of Economy: Central Bank of the process of Coins of the seven categories p

by dizzydee Thu 06 Nov 2014, 8:26 pm

Special / Parliamentary Commission of Economy: Central Bank of the process of Coins of the seven categories put

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Baghdad -arac Press November 6: Committee revealed the economy and investment in the Iraqi Council of Representatives, on Thursday, said that "the central bank completed its preparations for the issuance of metal coins of seven small groups."

Said committee member Rep., Nora my neighbor, L / Iraq Press / that "the Central Bank and in conjunction with the implementation of the project to delete the three zeroes from the paper currency currently in circulation, will issue metal coins from multiple categories to overcome the economic crisis, which may get a peer process of deletion of zeros," adding that "the launch of coins project will take between four to five years and will be the launch of which categories of small coins gradually."

She Albjara that "the purpose of which purports behind the launch of the Central Bank of coins comes to reducing the rate of inflation, especially since the 3% of the value of inflation in Iraq due to the presence of a large amount of cash," said Rep. A ended. H

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