Debate over dropping zeros will take place after 2014 government takes office

Posted: December 14, 2013 in Iraqi Dinar/Politics
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Migrate project to delete the zeros to the next government

Parliamentary Finance Committee confirmed the deportation of the project to delete the zeros from the national currency to Iraqi custody next year, any new government after the elections, and said that the implementation date will remain postponed until now.The MP said Abdul-Hussein al-Yasiri for «future» yesterday that the process of deletion of zeros from the national currency is supposed to begin next year, with the agreement of the central bank.

He noted that determine when to hold elections next year and the end of the age of the current state government will pay for the project automatically migrate to a new cabinet to consider its implementation and set a date to work with it. He Yasiri that this project will lead to reduce the rate of the national currency in circulation of 4 billion dinars to one billion.

The Iraqi Central Bank announced earlier that this year will see the implementation of the project to delete the three zeroes from the national currency amid expectations of parliamentary committees to decide on the project next year, 2014, but the central bank recently returned to back down from his decision and says that the current situation is not suitable for the deletion of zeros from currency Iraq, noting that he will announce early to the public when it decided to delete it.


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