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Central Bank Consultant: We seek to restructure the currency

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Central Bank Consultant: We seek to restructure the currency

Post  Shilo on Thu Dec 02, 2010 8:16 am

Central Bank Consultant: We seek to restructure the currency


Wednesday 12/01/2010

Baghdad (news) .. An advisor of the Central Bank Mzarsaleh that the bank is seeking to restructure the currency to suit the economic development., "Said Saleh (of the Agency news) today:
We will resort to the restructuring of the currency to suit the new situation and economic progress, noting that the currency is growing day by increasing Alatnag and economic progress, not because of inflation and release as before.
He added: that the value of the Iraqi dinar escalate, and this rise has achieved a major goal in addition to the purchasing power of the dinar rose to the value of imports.
Saleh explained: Ann's central bank plans to maintain the value of the Iraqi dinar and the essence of monetary policy, which we have adopted the stability of the overall level of prices.
Salih noted that the exchange rate the Iraqi dinar and foreign currencies is the external value of currency, where the value of internal and external value, explaining: the external value is important for the economy of oil-exporting countries and importing of goods of the many, as we believe that monetary policy is part of the targeting of inflation and raise the purchasing power of the Iraqi dinar.
http://www.ikhnews.com/
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