BAGHDAD, April 12 (Reuters) – Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, the cabinet secretary said on Thursday.
Read more: http://www.reuters.com/article/2012/04/12/iraq-currency-idUSL3E8FC8G120120412
Thursday, April 12 / April 2012 17:31
Council of Ministers decided to wait in the application process to delete the zeros from the national currency until further notice.
The Director General of the Department of Cabinet Affairs in a press statement received by all of Iraq [where] a copy of it on Thursday that “requires the decision to stop all actions relating to the operation until further notice.” (more…)
Date: Thursday, 12-04-2012 20: 00
Baghdad (newsletter) … The Cabinet decided to wait in the application deleting zeros from national currency to further notice.
Director General Department of the Council of Ministers in a statement received (News Agency news) on Thursday: the resolution must stop all actions concerning process until further notice.
He added: the decision of the Council of Ministers No. (111) for the year 2012 which endorsed the fifteenth regular meeting held yesterday was based on Economic Affairs Committee offer.
Thursday, April 12 / April 2012 14:53
Economic expert called on the government to the safety of Sumaisem use of economic and financial experts from outside government agencies to find out the problems faced by the Iraqi dinar.
The Sumaisem told all of Iraq [where] Thursday it is “possible for the Iraqi economy to recover if the use of several linked to economic policy,” asserting that “the use of the expertise of economic will ambulance fluctuation of the exchange rate of Iraqi dinar but unfortunately, there ignore the experiences of economic and overlooked “. (more…)
Date: Thursday, 12-04-2012 12: 14 pm
Baghdad (newsletter) … Noted economist as beautiful a depression in Iraq market for securities as a result of a decline in stock prices, led to a shift towards buying the dollar trading, so raise the price paid to the dinar.
Beautifully (News Agency news) on Thursday: there are several factors led to an increase in the value of the US dollar against the Iraqi dinar, such internal factors as increased drag on the dollar by traders and other external consequence exposed Syria and Iran of economic blockade, what made these countries they consult to Iraq to buy the dollar to save their own currency. (more…)
