CBI Decides to Restructure the Iraqi Currency

Wednesday, June 22, 2011
CBI Decides to Restructure the Iraqi Currency ...
June 22, 2011

CBI decides to restructure the Iraqi currency

The Central Bank of Iraq, Wednesday, that he decided to restructure the local currency in order to develop the payment system in the country.
The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank of Iraq has decided to start implementing a strategic and long-term specializes in the restructuring of the local currency for the development of the payments system in Iraq."

He added that "the central bank will raise the level of the local currency and the development of new currencies up approach to U.S. $ 100, which would address the economic gap in the system of financial payments in the country."

He continued that "the project to restructuring of the local currency, which started gradually need to support the government and parliament that it will hold purchasing power compared Palmdjulat economy."

He expressed the IMF in August / August, his support of the Iraqi economy in the event of having a number of economic measures including the privatization of banks and raise three zeroes from the currency local and honoring debt and compensation is the responsibility of Iraq.

The Iraqi government has denied conducting any change in the local currency this year to reduce inflation.

The local currency of Iraq has passed in the history of changes to several, most recently in 2004 when the former Governing Council replace currency of the previous symbol of the former regime.

The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as the organization of the banking sector.

http://www.aknews.com/ar/aknews/2/247913/

....almost there...........HURRY !!!! = )

TOM3215

so the largest post rv bill would be a 20? (largest "approachong $100")