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Iraq: Delete the zeros of the local currency begins next year
14/07/2012 12:43
Diyala, July 14 (Rn) - The parliamentary Finance Committee, on Saturday, that the process of replacing the currency and delete zeros of which will be gradually beginning next year, noting that the process takes two years to three.
A member of the Committee and the representative of the Iraqi List Auzmn Hassan, told the Kurdish news agency (Rn) that the Iraqi Central Bank will begin to withdraw the current currency early next year, gradually and keep the current currency trading to give citizens enough time to replace the currency. "
He Auzmn replace the currency and delete zeros experience a successful and useful for the Iraqi economy through their success in a number of other countries, pointing out that "the process will contribute to ease carrying banknotes to the citizen will not have any negative impact on the Iraqi economy (according to him).
Auzmn did not rule out attempts to falsify the new currency adding: security measures to be taken to defend the currency will be identified easily from the old currency and the new currency.
The parliamentary Finance Committee announced in early July that the current 2013 budget next year will be the new currency after deleting three zeros from the currency, saying that the current reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros.
According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
From: Mahmoud Jubouri, the Open: Peace Baghdadi
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14/07/2012 12:43
Diyala, July 14 (Rn) - The parliamentary Finance Committee, on Saturday, that the process of replacing the currency and delete zeros of which will be gradually beginning next year, noting that the process takes two years to three.
A member of the Committee and the representative of the Iraqi List Auzmn Hassan, told the Kurdish news agency (Rn) that the Iraqi Central Bank will begin to withdraw the current currency early next year, gradually and keep the current currency trading to give citizens enough time to replace the currency. "
He Auzmn replace the currency and delete zeros experience a successful and useful for the Iraqi economy through their success in a number of other countries, pointing out that "the process will contribute to ease carrying banknotes to the citizen will not have any negative impact on the Iraqi economy (according to him).
Auzmn did not rule out attempts to falsify the new currency adding: security measures to be taken to defend the currency will be identified easily from the old currency and the new currency.
The parliamentary Finance Committee announced in early July that the current 2013 budget next year will be the new currency after deleting three zeros from the currency, saying that the current reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros.
According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
From: Mahmoud Jubouri, the Open: Peace Baghdadi
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Thanks and GOOD to see you Ms Helend!! 
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