##### Central bank: the project raise zeros from the currency is still deferred

Karbala (news) said the Central Bank of Iraq, that the project raise zeros from the currency is still postponed until further notice, indicating that the Bank's gold reserves has not been affected by changes in the global market.

The central bank governor said Abdul Basit Turki told a news conference Wednesday afternoon on the sidelines of his visit to the city of Karbala for the opening of Dar financial control, which was attended by the Agency (news): The project raise zeros from the currency project is delayed due to the conditions experienced by the country, noting : The bank is still studying with experts and specialists how to change the currency but its implementation depends on the situation experienced by Iraq and this deferred offline.

Turki confirmed: that the bank reserves of gold is not affected by changes in the global market due to the financial plan developed by the bank a few months ago to avoid such a disaster, noting that the gold reserves in the Central Bank would be a big supporter of the Iraqi currency at any time, anywhere.

It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability.



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Oh great here we go, a new with that word "Loping"
hear is the the meaning :  To run or ride with a steady, easy gait.
 


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Iraqi Central bank: Bank reserves sufficient to cover 2014 Budgeting - Limitations
03 Jul 2013




Governor of the Central Bank of Iraq, Abdel Basit Turki, said that "the bank has enough reserves to cover the state budget in the case of increased Limitations next year." 

He pointed out that "the Bank's gold reserves have not been affected by changes in the global market, adding that" revenue continues to flow to the treasury of the bank. "

Turki said on his visit to the city of Karbala for the opening of the Financial Control Department, "The project of loping zeros in currency is delayed due to the current conditions of the country."


http://www.iraqdirectory.com/en/2013/07/03/24388/iraqi-central-bank-bank-reserves-sufficient-to-cover-2014-budgeting-limitations-.aspx