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Central Bank project to delete the zeros will be applied beginning of the year 2017
25/6/2015
And independent Iraqi news agency and /. X stressed Governor of the Central Bank of Iraq, Thursday, that the project to delete the zeros will be applied in early 2017, indicating that the Bank began the development of the first steps of the project. and he said: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "that strategic project will serve the country's economy." He added that "the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies ". He noted that "the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." Finance Committee and was in former House revealed in, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent currency return to markets and forgery. The Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard. It is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for a patient in the application of the process of deletion of zeros from the national currency, which had to be Stop all procedures associated with the operation mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
http://www.ina-iraq.net/content.php?id=27583
25/6/2015
And independent Iraqi news agency and /. X stressed Governor of the Central Bank of Iraq, Thursday, that the project to delete the zeros will be applied in early 2017, indicating that the Bank began the development of the first steps of the project. and he said: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "that strategic project will serve the country's economy." He added that "the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies ". He noted that "the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." Finance Committee and was in former House revealed in, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent currency return to markets and forgery. The Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard. It is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for a patient in the application of the process of deletion of zeros from the national currency, which had to be Stop all procedures associated with the operation mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
http://www.ina-iraq.net/content.php?id=27583
