The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017
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The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017
Admin Fri Jun 26, 2015 1:46 pm
25/06/2015 16:05
Tomorrow Press / Baghdad: The governor of the Iraqi Central Bank, on Thursday, that the project to delete the zeros will be implemented in early 2017, indicating that the Bank embarked on the development of the first steps of the project.
Keywords and said for "tomorrow Press", "The goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", he returned him as a "strategic project that will serve the country's economy."
"The Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country in which it will be printed currencies".
He pointed out that "the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanics of the market and will maintain liquidity."
The Finance Committee in the House of Representatives earlier revealed, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent return to currency markets and forgery.
The Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard.
Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), to wait for application in the process of deletion of zeros from the national currency, which had to stop all actions associated with the operation mentioned until further notice.
It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
http://alghadpress.com/ar/news/32797/البنك-المركزي-لـالغد-برس-مشروع-حذف
Tomorrow Press / Baghdad: The governor of the Iraqi Central Bank, on Thursday, that the project to delete the zeros will be implemented in early 2017, indicating that the Bank embarked on the development of the first steps of the project.
Keywords and said for "tomorrow Press", "The goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", he returned him as a "strategic project that will serve the country's economy."
"The Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country in which it will be printed currencies".
He pointed out that "the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanics of the market and will maintain liquidity."
The Finance Committee in the House of Representatives earlier revealed, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent return to currency markets and forgery.
The Central Bank of Iraq confirmed, in the (April 25, 2013), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard.
Referred to the General Secretariat of the Council of Ministers announced (April 12, 2012), to wait for application in the process of deletion of zeros from the national currency, which had to stop all actions associated with the operation mentioned until further notice.
It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
http://alghadpress.com/ar/news/32797/البنك-المركزي-لـالغد-برس-مشروع-حذف
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