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June 23 2011 Dinar NEWS - (Audio with embeded photograph)

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Uploaded by on Jun 23, 2011

The Central Bank of Iraq was completed a new strategy for the restructuring of the local currency, having formed the mainstay of the monetary policy of the country's economy over the past eight years, through to maintaining the stability of the dinar against other currencies.

The Central Bank adviser says the appearance of Mohammad Saleh said in an interview to radio free Iraq that the Bank was preparing to launch new strategy commensurate with the Iraqi currency strength and the positive developments in the Iraqi economy awaits.

According to data of the Central Bank of Iraq is deliberated about 29 trillion dinars over five trillion paper cash, cash describes valid block too big, noting that the implementation of the strategy need the approval of the Government and Parliament because they relate to crucial national command.
The new strategy includes several steps in favour of a big cash categories up to the equivalent of 100 dollars, and other small including coins.

For its part says the Chairman of the Finance Committee in the former House of Alaa Al-saadun, the current situation of the Iraqi currency and its stability is geared to conduct restructuring.

But saadun indicates that this measure alone is not enough to push the Iraqi economy, but must move the wheel overall national development, particularly with regard to activate the role of the private sector

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All Comments (8)

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  • I don't understand this. I do know GotIRaqi Dinar is running specials on 5K notes. Get a half million al in 5k notes for just 605 including free shipping.

  • It's all bullshit, just like the dinar

  • How we're suppose to understand this?!

  • por favor esplicate en castellano ,ingles o, español no se te entiende roboticaArzonpr

  • por favore esplicate en castellano ,ingles o, spañol roboticaArzonpr

  • Translation please??

    

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