Snip from article below ~ "Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency"
April 1, 2012
Central Bank of Iraq announced that the federal budget, for the year (2013) will be approved with the new currency in Arabic and Kurdish.
The deputy chairman of the Central Bank of Iraq the appearance of Mohammed in a statement to "Khandan": that put Iraq's new currency will be in (01/01/2013) and will be in both Arabic and Kurdish with the deletion of three zeros the first of the current currency ..
indicating the following: that the financial budget of the Federal Iraq will be traded during the ninth month of the current year and recognized in the New Year according to the new currency of the two languages.
Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency. source
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The General Agreement on Tariffs and Trade (GATT)
The General Agreement on Tariffs and Trade (GATT), which was signed in 1947, is a multilateral agreement regulating trade among 153 countries. According to its preamble, the purpose of the GATT is the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis." This agreement also created the World Trade Organization (WTO), which came into being on January 1, 1995.
The WTO implements the agreement, provides a forum for negotiating additional reductions of trade barriers and for settling policy disputes, and enforces trade rules. The WTO launched the ninth round of multilateral trade negotiations under the "Doha Development Agenda" (DDA or Doha Round) in 2001.
The WTO's website provides information about the Doha Round, including links to texts that have been generated by the negotiations and information regarding upcoming meetings.
read more here
April 1, 2012
Central Bank of Iraq announced that the federal budget, for the year (2013) will be approved with the new currency in Arabic and Kurdish.
The deputy chairman of the Central Bank of Iraq the appearance of Mohammed in a statement to "Khandan": that put Iraq's new currency will be in (01/01/2013) and will be in both Arabic and Kurdish with the deletion of three zeros the first of the current currency ..
indicating the following: that the financial budget of the Federal Iraq will be traded during the ninth month of the current year and recognized in the New Year according to the new currency of the two languages.
Saleh explained: The installation of the current currency led to inflation in the Iraqi market and has become inadequate with the financial situation now, the lack of large groups and small to cover the trading them, noting that all the countries of the world that emerged from conflict or hit by the deterioration in the currency of the GATT to modify its currency. source
__
The General Agreement on Tariffs and Trade (GATT)
The General Agreement on Tariffs and Trade (GATT), which was signed in 1947, is a multilateral agreement regulating trade among 153 countries. According to its preamble, the purpose of the GATT is the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis." This agreement also created the World Trade Organization (WTO), which came into being on January 1, 1995.
The WTO implements the agreement, provides a forum for negotiating additional reductions of trade barriers and for settling policy disputes, and enforces trade rules. The WTO launched the ninth round of multilateral trade negotiations under the "Doha Development Agenda" (DDA or Doha Round) in 2001.
The WTO's website provides information about the Doha Round, including links to texts that have been generated by the negotiations and information regarding upcoming meetings.
read more here
