CBI denied the affirmation that the postponement of the project of zeros deletion from the Iraqi Dinar occurred due to the existence of counterfeit currency. Mohammed Saleh announced that the project was still available only the printed bills did not yet appear on the market.
He also pointed out that there were several groups, which reacted negatively opposite the Iraqi dinars replacement accusing of fraud and economic crimes. Nevertheless, Mohammed affirmed that projects of the monetary authority were strong enough to enter into force.
The Central Bank adviser said that the restructuring project aimed the establishment of a new currency system replacing the categories and facilitating the transactions, currency usage and many other actions.
Furthermore, Finance officials from Mexico and South America will meet next month to seek solutions for the economic issues and the Iraqi Dinar revaluation project, in order to avoid the debt crisis installed in Europe and U.S.
The meeting required by the Colombian President will take place in Buenos Aires, and its objective is to deal with the possible currency fraud.
The latest currency auction targeting 18 countries recorded the Iraqi dinars selling rate at 1170 and the amount sold of 120.688.000 U.S.$.
The economic problem targeting the Mubarak Port between Kuwait and Iraq could be solve without the involvement of the Foreign Relations Committee by speeding the implementation of the Faw port. Therefore, if the government would speed up the establishment of this port, the country’s economy could improve.
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