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Central Bank: A New Project To Restructure the Currency

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Central Bank: A New Project To Restructure the Currency

Post  Shilo on Thu Dec 02, 2010 8:30 am

Central Bank: A New Project To Restructure the Currency

The advisor said the central bank in favor of the appearance on Wednesday that the bank is seeking to restructure the currency to suit the economic development.

Saleh said "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."

Saleh 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 $ imports, adding that the central bank plans to maintain the value of the Iraqi dinar and the essence of the monetary policy adopted by the Born stability of the overall level of prices.

Salih noted that "the Iraqi dinar exchange rate and foreign currency represents the external value of the coin, which is very 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."


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