Finance Committee announces received a detailed report from the Central Bank of the Divisions reach deletion of zeros from currency

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Finance Committee announces received a detailed report from the Central Bank of the Divisions reach deletion of zeros from currency
- BAGHDAD - babysit -

A member of the parliamentary Finance Committee, Haitham al-Jibouri said Thursday that the Finance Committee received a detailed report of the Central Bank of the process of deletion of zeros from the Iraqi currency.


Jubouri said in a statement to the news agency public opinion (and babysit): "The Central Bank of Iraq handed over the Finance Committee a detailed report on the process of deletion of zeros from the Iraq process, the current was held a long meeting included Central Bank Governor Sinan Shabibi and many of the advisers and members of the Finance Committee."

Noting that the meeting resulted in an agreement on the mechanism of deletion of zeros from the currency and discuss their impact on the currency. "
He Jubouri: "The process of switching process as a result of the deletion of zeros will cost approximately $ 150 million and would continue the process of switching to two years including six months to provide the services necessary for the printer, the currency and the year and a half to change them gradually through the deal."


Indicating that it will be the formation of special committees and fortified buildings to reduce the smuggling of the old currency, or the introduction of counterfeit currency. "Adding that the purchasing power of the new currency will be as they are not undergone any change." P / h


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So if this is out there for public consumption, you sort of have to think it's already done and they are just covering details in the implementation of the process. . . At least I hope!

How refreshing to see the word agreement!! Thank you BL