CBI: New currency to be put in circulation most likely Jan 1, 2013

Posted: July 4, 2012 in Iraqi Dinar/Politics, RV-O-Meter
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The central bank is likely to put in the new currency (01/01/2013)
The central bank governor, “there are many procedures and many misgivings Bank is keen to implement them in order to be the process of replacing the currency safe and easy” ..

The Finance Committee, the parliamentary revealed earlier in the contract the central bank with major companies to be currency printing paper of high quality. “Said a member of the Knesset Finance Magda al-Tamimi that” the cost of the actions dedicated to the currency exchange at 150 million dollars, “.. and pointed out that” the currency exchange and withdrawal be gradual through the process of deposit in banks,

“saying,” The withdrawal of currency be gradual and not once as in the switch before, “.. and noted Tamimi that” the Finance Committee follow-up to the Central Bank and to share what is going on the process of printing new Iraqi currency . “and quoted a member of the parliamentary finance committee,” a talk by the Governor of Central Bank “Shabibi” “

The deposit in the banks when you switch the currency would be one place and controlled to protect the currency from counterfeiting.”

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