Iraqi Dinar Discussion Board

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Iraq May Revalue The Dinar

13 Aug, 2007 - Iraq: Kurdish newspaper, Lasso printed in Baghdad that the Iraqi government on changes to key Iraqi dinar currency. A source from the Presidency of the Council of Ministers of the Economic Commission reported that they are preparing systems for the removal of the three zeroes on the Iraqi dinar and thus return to the status quo ante, that is, before the second war in 1991. According to the source, the reason for this decision is the low level of inflation in the Iraqi economy, as indicated by the same source close to the implementation of changes to the dinar and the issuance of new currency that will appear in the Kurdish language writing and pictures of the historic Castle Irbil. Bringing 1000 dinars equal one Dinara one, and thus allowing the notes 5, 10 and 25 dinars to replace the 5000, 10000 and 25000, the 250 and 500 dinars, and restoring a quarter and a half dinars.

Translated from ForatNew.com.
1 month ago
Source(s):
http://www.nachthund.biz/CatalogUpdate/I...