Abdulabas Xiaa: Central bank to develop procedures to prevent fraud at the currency exchange after deleting three zeros of them

17-04-2013

Baghdad (news) .. A member of the Committee on the economy and investment MP / National Alliance / Abdulabas the Xiaa date for the implementation of the project to delete the three zeroes from the currency earlier this year (2014), stressing that the central bank measures that will limit fraud and manipulation that may accompany the process of replacing the currency.

He said Xiaa (of the Agency news): The project to ايعد delete the zeros of the three from the Iraqi currency only, but re-structuring currency in terms of reduction of banknotes, noting that the highest category of paper will be (200) dinars, which is shorthand for the $ (200) thousand dinars, equivalent (170) dollars.

He added: that the central bank will begin its procedures proactive implementation of the project during the current year Ktba currency and contracting with companies to be after the process of replacing the currency in early next year, pointing out that the central bank put strict measures to prevent fraud that may accompany the replacement process.

He pointed out: that the country needs to restructure the project after the currency to delete the three zeroes from being on the verge of an expected increase in fiscal revenue in the coming years This figures Sechtzel and banknotes.

He explained: that the project will include Coins & Stamps, and consists of categories (half JD, JD, JD 5, 10 dinars, 25 dinars, 50 dinars, 100 dinars, 200 dinars), so that the employee if his salary million Vestelm thousand dinars, ie five categories of paper from the category of ( 200) dinars, stressing that this process will facilitate a lot of financial and monetary matters. / End / 8.'s. m /

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