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Deputy Governor of Central Bank: the decision to rmove zeros from the Iraqi currency will take its way unimpeded.
Posted 05/09/2011 06:51 PM
Baghdad:
The Central Bank of Iraq's lack of any obstacles or hesitation he has in the project to delete the three zeroes from the Iraqi currency, and he would take the way of implementation. "
The deputy governor of Central Bank of Iraq The appearance of Mohammed Saleh (people) that "the Central Bank of Iraq would pave the way into the project to delete the three zeroes Eogod nor any evidence of the possibility for inflation in the Iraqi economy after the end of the project."
He added that "the project of deleting three zeros from the Iraqi currency is simply a modification of the categories of the category of small cash (250; 500; 1000) and is not intended to raise the Iraqi dinar exchange rate against the dollar or other currencies."
He noted that "the strengthening of the currency comes from the security and stability through increased domestic production in the country and not through the deletion of zeros or other status."
