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Iraq: Start delete actions 3 zeros from alamlha
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Iraq: Start delete actions 3 zeros from alamlha
Iraq: Start delete actions 3 zeros from alamlha
July 27, 2013
Baghdad, Iraq (CNN)--Iraq's parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency, saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.
"The Iraqi media network," the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency "will cut 4 billion to billion, which will make a smooth transfer currency".
Yaseri that the Finance Committee "supports the changes to the local currency because of the economic importance to the country." the Central Bank said that the deletion of zeros is part of a plan to develop monetary policy and currency management reform.
The CBI had said in August that it planned to delete the zeros of the Iraqi dinar to facilitate financial transactions made through criticism most often.
Among the difficulties facing Iraq if he wanted to delete the zeros of the dinar is pulling about 30 trillion dinars circulating in the Iraqi market is then discarded and replaced with a new currency.
http://tinyurl.com/l47ow79
Last edited by Kevind53 on Sat Jul 27, 2013 6:18 pm; edited 3 times in total (Reason for editing : Readability)
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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