The central bank project to delete the zeros will be implemented in early 2017

by **Rocky** Fri Oct 14, 2016 6:41 am

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Post n°1

The central bank project to delete the zeros will be implemented in early 2017

by Rocky Fri Oct 14, 2016 6:41 am

[You must be registered and logged in to see this image.] The central bank project to delete the zeros will be implemented in early 2017

And independent Iraqi news agency and /. X

The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.

Keywords and said that " the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency," returned him as "that strategic project will serve thecountry 's economy."

he added that " the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017 , " noting that " the central bank began thefirst steps of the project through the selection of designs, companies and the country that will be done Print currencies. "

He noted that" the introduction of new currency does not mean the destruction of ancient coins , 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 will maintain market liquidity. "

Finance Committee and was in former House revealed, (2013 August 15), the postponement of theprocess of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non - substituent currency back to themarkets and forge.

the Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at the moment to restructure the currency and delete the three zeroes of them, denying the reports in this regard. it is

noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for thepatient in the application process of deletion of zeros from the national currency, which had to be stop all procedures related to the transaction mentioned until further notice. It is

noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well aseconomic stability.

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by Screwball Fri Oct 14, 2016 7:00 am

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Re: The central bank project to delete the zeros will be implemented in early 2017

by Screwball Fri Oct 14, 2016 7:00 am

Nice!

by **Proven** Tue Oct 18, 2016 5:55 pm

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Post n°3

Re: The central bank project to delete the zeros will be implemented in early 2017

by Proven Tue Oct 18, 2016 5:55 pm

Thanks Rocky,

2017 is only 2 1/2 months away.

The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project.