Central Bank Rejects Redenomination of Dinar
Iraq, May 9, 2015
The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros.
According to a report from Shafaq News, this is “due to the unstable economic situation.”
Instead, new banknotes worth 50,000 dinars are to be printed, while the introduction of a new 100,000 dinar note is to be postponed.
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