The central bank project to delete the zeros will be implemented in early 2017

by **Ssmith** Fri Oct 14, 2016 10:45 am

The central bank project to delete the zeros will be implemented in early 2017

And independent Iraqi news agency and /. X

The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.

And he said: " The aim of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as a "strategic project that will serve the country 's economy."

"The Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , " noting that " the central bank began the first steps of the project through the selection of designs, companies and the country in which it will be printed currency."

He pointed out that " the launch of the new currency does not mean the destruction of ancient coins , but it will continue to trade to about ten years , " pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity."

The Finance Committee in the House of Representatives earlier revealed, (2013 August 15), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non - substituent currency markets and return to forge.

The Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at the moment to restructure the currency and delete the three zeroes of them, denying the reports in this regard.

It referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), for the patient in the application process of deletion of zeros from the national currency, which had to stop all actions related to the transaction mentioned until further notice.

It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.

http://www.ina-iraq.net/content.php?id=27583

by **ReapAndSow73** Fri Oct 14, 2016 10:57 am

100% REDENOMINATION, they are telling the world right here!!!

by **RamblerNash** Fri Oct 14, 2016 11:30 am

"The Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , " noting that " the central bank began the first steps of the project through the selection of designs, companies and the country in which it will be printed currency."

That says right there that anyone who has said that the lower denomination notes have been distributed, has lied!

TNT Tony, Winston, Okie, Frank26, etc...

by **RamblerNash** Sat Nov 05, 2016 9:59 pm

by roxy22222222 Sat Nov 05, 2016 11:12 pm

The central bank project to delete the zeros will be implemented in early 2017

The central bank project to delete the zeros will be implemented in early 2017

Re: The central bank project to delete the zeros will be implemented in early 2017

Re: The central bank project to delete the zeros will be implemented in early 2017

Re: The central bank project to delete the zeros will be implemented in early 2017

Re: The central bank project to delete the zeros will be implemented in early 2017