Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency

Tuesday / 20 / November - 2018

London - Word: The Central Bank of Iraq details the project, "structuring the currency," which aims to delete 3 zeros, to facilitate the circulation of currency.

The Director General of release safes Abdul Karim Hassan in remarks followed the word news website that " the restructuring of the currency project when he put the first time encountered many objections Vtogel to be raised again in 2014 and begin to apply it, but the emergence Daesh was a new reason to postpone it ."
....


Hassan explained that "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."

He pointed out that "the project allows the printing of new categories of dinar and half dinars down to deal with the bank."

He stressed that "the idea is integrated and there is a comprehensive study and the project does not need to apply," stressing that "this project must be implemented despite the obstacles that led to the postponement."

http://kalimaiq.com/contents/v.....ls?id=2535