Thursday, April 1st 2010 2:45 PM
Three zeroes on Iraqi currency won't be removed: source
Iraq's central bank denied on Thursday the reports that talked about its decision to cancel three zeroes from the Iraqi currency.
"The central bank will not cancel three zeroes from the Iraqi currency at this time to reduce inflation suffered by the Iraqi economy.... Canceling the zeroes will make things more complicated and would cost the state large sums of money and enormous economic cadres to implement this project." The head of the Central Bank Sinan Al-Shabibi told the Independent National News Agency of Kurdistan (AKnews).
"This won't be applied at our current time. The central bank and Finance ministry will adopt rational solutions to reduce inflation that Iraq is suffering from currently because some important governmental institutions misused the money," Al-Shabibi added.
"Removing the zeros from the currency will reduce the level of the Iraqi dinar in accordance with the American dollar."
Many members of the parliamentary Economic Commission urged the Central Bank and the Finance Ministry to address the Iraqi decreasing funds by remiving the three zeroes from the Iraqi currency.
http://www.aknews.com/en/aknews/2/130886/
Please visit our sponsors
Results 1 to 3 of 3
-
01-04-2010, 01:58 PM #1
- Join Date
- Oct 2006
- Posts
- 16,540
- Feedback Score
- 0
- Thanks
- 2,036
- Thanked 16,455 Times in 10,096 Posts
Three zeroes on Iraqi currency won't be removed: source
-
-
Sponsored Links
-
01-04-2010, 02:03 PM #2
- Join Date
- Oct 2006
- Posts
- 16,540
- Feedback Score
- 0
- Thanks
- 2,036
- Thanked 16,455 Times in 10,096 Posts
I know it's April Fools day - but the above article is genuine - Lol.
-
-
01-04-2010, 06:37 PM #3
- Join Date
- Aug 2005
- Location
- Wisconsin,USA
- Posts
- 144
- Feedback Score
- 0
- Thanks
- 3,429
- Thanked 53 Times in 24 Posts
Well that s--ks...any thing that you think would be helpful....lets here it. Any think from offshore wealth >>>>> come on you must have something on your mind..LOL
-
The Following User Says Thank You to frees40k For This Useful Post:
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.