Members of Finance Committee call on CBI to wait on its decision to issue new coins and larger banknotes

Posted: November 26, 2013 in Iraqi Dinar/Politics
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Financial representative calls for the Central Bank to wait with its decision a (50) thousand dinars

26-11-2013 10:25 AM
Baghdad (newsletter). The parliamentary Finance Committee, called on the Central Bank to wait with the decision of the Iraqi currency (50) thousand dinars, stressing the importance of issuing coins with small groups to support the balance of Exchange in the country.

Committee member Rep. Jimmy capable (News Agency): he was the first Central Bank in consultation with the Government and the Parliament before deciding to release the Iraqi currency class (50) thousand dinars and small metal categories.

He added: the country does not need to print large-sized coins (50) thousand dinars, but the local market need to exchange with small groups, calling on the Central Bank to wait with the decision because he probably could confuse the Iraqi economy and domestic market.

He noted that the size of the Iraqi funds in the country with 33 trillion dinars, so the Central Bank should clarify the process version relative to the size of these funds, to avoid the possibility of rising inflation in the country.

The Central Bank announced its intention to issue its category (50) thousand dinars and small metal classes early next year

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