Friday, March 16, 2012

Iraqi Central intensify its efforts to delete the zeros of the Iraqi currency

Tuesday, 13/03/2012




BAGHDAD - ASHA: the Iraqi Central Bank continues to work on the project to delete the zeros of the Iraqi currency.


The bank adviser said the appearance of Mohammed Saleh - in a statement to Radio Sawa on Tuesday - "The Committee is tasked with developing the project to delete blocks of zeros of the Iraqi currency in the process of completing its work," noting that the project will be launched early next year.

He noted the benefit to the new currency that contained the categories of paper and metal, stressing the importance of the project to delete zeros in facilitating financial transactions, and pointed out that government banks are the only outlet for the process of replacing the currency that will continue over two years.
It is noteworthy that Article 36 of the Law on Central Bank of Iraq gives him the right to replace the currency
And adjusted according to the list of control governing the work of the new currency.

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