Parliament and Fiance committee support revalue of Iraqi Dinar

ERBIL, June 25 (AKnews) – The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency.

The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order to revalue it. The smallest unit of the current Iraqi current is 250 Iraqi Dinars which is equivalent to $0.20

The removal of three zeros is expected to raise the value of the Dinar as well as facilitate dealing with the currency and the payroll system in the country.

The Iraqi government and the securities committee have sounded fear that the process will negatively affect the Iraqi stock exchange market.

A member of the Finance Committee Najeeba Najeeb told AKnews that “there is a trend in the attitude of the legislative authority to support the CBI to restructure the Iraqi currency and remove three zeros by early next year”

“This subject is starting to become more significant for the Finance Committee members and the Economic Committee day after day” she said, “though the preparations by the CBI to implement the process are ongoing, they are not complete yet”

According to Najeeba, the process of removing the zeros from the Iraqi Dinar will be implemented over a period of two years through governmental banks. Also, the new currency will include small bills and coins as well as large bills equaling about $180 each.

By Abdullah Sabri

RY/AKnews
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Parlimen dan tunangnya jawatankuasa sokongan dinilai semula Dinar Iraq

26/06/2012 03:30
Arbil, 25 Jun (AKnews) - Parlimen Iraq dan sokongan Jawatankuasa Kewangan Bank Negara Iraq (CBI) usaha untuk menilai semula Dinar Iraq melalui penyingkiran tiga sifar dari mata wang.

CBI telah mengumumkan bahawa ia telah memuktamadkan rancangan untuk menghapuskan tiga sifar daripada mata wang Iraq untuk menilai semula. Unit terkecil semasa Iraq semasa adalah 250 Dinar Iraq yang bersamaan dengan $ 0,20

Penyingkiran tiga sifar dijangka untuk menaikkan nilai dinar serta memudahkan berurusan dengan mata wang dan sistem pembayaran gaji di negara ini.

Kerajaan Iraq dan jawatankuasa sekuriti telah dibunyikan bimbang bahawa proses akan memberi kesan negatif kepada pasaran bursa saham Iraq.
 
Seorang ahli Jawatankuasa Kewangan Najeeba Najeeb kepada AKnews bahawa "terdapat trend dalam sikap pihak berkuasa perundangan untuk menyokong CBI untuk menyusun semula mata wang Iraq dan keluarkan 3 sifar menjelang awal tahun depan"
 
"Subjek ini mula menjadi lebih ketara bagi ahli-ahli Jawatankuasa Kewangan dan Jawatankuasa Ekonomi hari selepas hari" dia berkata, "walaupun persediaan oleh CBI untuk melaksanakan proses yang dijalankan, mereka tidak melengkapkan lagi"
 
Menurut Najeeba, proses mengeluarkan sifar dari Dinar Iraq akan dilaksanakan sepanjang tempoh dua tahun melalui bank-bank kerajaan. Juga, mata wang baru ini akan termasuk bil kecil dan syiling serta bil besar menyamai kira-kira AS $ 180 setiap.
 
Oleh Abdullah Sabri
RY / AKnews