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Abdel Basat Turki the governor of central bank of Iraq said that it will not be possible for central bank of Iraq to delete the zeroes from currency of Iraq unless the economic development of Iraq. He said that country is not in a position to take this decision without a stable economy. He denied the statement of Maliki for revaluation before election 2014.

The governor of central bank of Iraq said while talking with media that the central bank of Iraq has $70 billion as cash reserves that is enough for Iraq to support Iraqi Dinar in the present security and economic situation of Iraq.

Iraqi Dinar 123 News:- Dr. Ismail is nominated as new governor of Iraq according to latest media reports. The new government has decided to withdraw Abdel Basit the old governor of central bank of Iraq.

Iraqi Dinar 123 News:- Governor of central bank of Iraq Abdel Basset was interviewed by CNN Arabic to know the strategies of central bank of Iraq to support its currency when whole currency in the war.

Central bank of Iraq have controlled the value of Iraqi dinar so well and the central bank did not let it down in the international market. But money laundering has become one of the big issue for economy of Iraq that need to be checked with rational steps that need to be taken as soon as possible.

Governor of central bank of Iraq Abdel Basset Turky said that Iraqi Dinar will not lose its value in the international market even the worst economic and law and order situation. He said that $70 billion dollars of cash reserves and more than 20 tons of gold is enough to support its currency in the international market.

Iraqi Dinar 123 News:- The governor of central bank of Iraq Abdel Basset Turky announced a new payment system to settle the financial transactions between financial institutions and individuals. Central bank of Iraq introducing banking system according to international standards and introduction of this system is the part of mission.