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Deletion of zeros existing project
03/03/2015 13:03
BAGHDAD / Obelisk:
Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.
Governor of the Central Bank announced on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.
Keywords and said in a press conference held at the bank building, said that "the project to delete the zeros is based was put into practice, and we gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."
He added that the relationship "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it."
The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.
He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.
It is noteworthy that some economists believe that Iraq is not ready at the moment to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as the stability of the economy.
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