Finance Committee Unveils deletion of zeros of the Iraqi currency will start in 2014

Posted: September 4, 2013 in Iraqi Dinar/Politics
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filemanagerThe Finance Committee, unveiled Wednesday, that 2014 will delete the zeros of the Iraqi currency, indicating that deleting will be in coordination with the Central Bank.

Committee member Abdul Hussein Al-yasiri in a press statement that “the deletion of zeros from the local currency will start in 2014, by agreement with the Central Bank”, stating that “this project will reduce the rate of the national currency in circulation from 4 billion to 1 billion.

“The size of the value will be reduced to a quarter and this will enhance the value and easy to transport,

Noting that “fraud or manipulation of currency, it will be very difficult.”

It should be noted that “the CBI identified earlier that this year will see the implementation of the project to delete zeros from the national currency, the Iraqi Government asked the World Bank to wait with the project for fear of the emergence of counterfeit currency during operation switch.

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