Central Bank of Iraq is not formatted to replace currency at this time

20/01/2014

dinIn the House of Representatives, the finance committee has confirmed that “the Central Bank of Iraq is not formatted for the time being to replace the Iraqi currency.”
Committee member, MP Abdul Hussein al-Yasiri, remarked, “I see that the process of deletion of zeros from the Iraqi dinar serve the Iraqi currency because it is difficult to carry and described the bloc large cash Rather than be placed in a pocket or purse seen carrying bags, so the process of reducing the money supply requires the deletion of zeros.”
He also noted that the process of omitting out the zeros from Iraqi currencies will contribute in reduction of frauds, which happened in the past years, or you may end up in college, as well as help in the growth of the economy.

Last Update:: 20/01/2014

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