Iraqi Dinar Discussion Board

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I'll take 1 dinar for $1.00 US

Central Bank of Iraq stresses that will not delete the three zeroes from the Iraqi currency at the moment


01/04/2010 13:21

01/04/2010 13:21


Baghdad, April 1 (Akaniwz) - Iraq's central bank denied on Thursday reports that talked about his decision to raise three zeroes from the Iraqi currency.

The head of the Central Bank Shabibi told Kurdistan News (Akaniwz) today, "the central bank to Inoue in the current year raise three zeroes from the Iraqi currency to reduce inflation suffered by the Iraqi economy," .. he said, adding that "the lifting of the zeroes of the three would make things complicated they would cost the state large sums of money and enormous economic cadres to implement this project. "

Shabibi said "This operation is unlikely at the moment and there are rational solutions to be adopted by the Central Bank and the Ministry of Finance to reduce inflation, which suffers from Iraq recently due to the misuse of funds by some of the important governmental institutions." He Shabibi saying that "the process of removing zeros at the current currency degenerate put the Iraqi dinar and reduced the level of selling the U.S. dollar more than it is now."

He urged members of the Economic Commission of the Council of Representatives the previous Central Bank and the Ministry of Finance to address what it says is Baltrhl cash Iraqi funds by raising the three zeroes from the Iraqi currency.



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