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Raise zeros from the dinar beginning of 2014

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Raise zeros from the dinar beginning of 2014 Empty Raise zeros from the dinar beginning of 2014

Post  Admin Sat Dec 28, 2013 10:43 am

This old news, but one I did not get until today!

11/17/2013
Palm - told the Iraqi Central Bank, the Finance Committee in the House of Representatives that he will try to raise zeros from the currency beginning in 2014.

A member of the Committee Abdul-Hussein al-Yasiri that "the application of the decision to lift the zeroes, and will contribute significantly to reducing the monetary blocs to quarter, which coincides with the rise in the value of the Iraqi dinar."

He explained that the central bank told us that he strives to accelerate the implementation of the project beginning in 2014.

He Yasiri, said the central bank demands to speed up the application of the decision to lift the zeros, in order to reduce the problems that occur due to the continuation of the current trading currency.

Observers and stresses that the deletion of three zeros from the currency means the deletion of three orders of accounting records, which requires reform of the system of currency management and accounting system in the country.

He denied that the Central Bank, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such a time is currently not on the cards and that this project is in coordination with the government and related institutions.

According to a statement of the central bank, said on Sunday: picked up by some media statements about the timing of a House of Representatives direct project restructuring of the Iraqi currency and deleting three zeros of them in 2014.

The statement added that the central bank would like to confirm that such a time not on the cards now, and that such a project is in coordination with the Iraqi government and its relevant institutions, as well as we promises the audience for his note of any action related to the scope of responsibility of the central bank, including the subject important.

He called the statement, officials contact the central bank for obtaining accurate information before putting things like this to the public.



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