2019-08-18 | 23:47
The member of the Finance Committee, Hanin al-Qadu, Monday, that the use of metal categories and lowered for trading gives a notional value of the currency.
He said in a statement to the official newspaper Al- Sabah, as “during the meetings and discussions with officials of the Central Bank stressed the need to re – work metal currency which was used in Iraq during the past decades, instead of paper , which is damaged and printed in large quantities again.”
He added, “The use of metal categories and their descent for trading gives a notional value to the currency.” He pointed out that “a number of neighboring countries – their exchange rates are very high against the dollar – yet we find that they have a coin in order to preserve the currency and not need to ask for more papers. Cash, especially in small categories. ”
Al-Qadu expressed his surprise at the “policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market