BAGHDAD / Star Ghazzi
The Central Bank is satisfied that the House of Representatives the process of deleting three zeros from the currency after examining the details of the project with experts and economists in the House of Representatives. "
The deputy governor of the Central Bank of the appearance of Dr. Mohammad Saleh said that "the central bank was able to answer all questions and inquiries of the Parliamentary Committee, which heard a detailed explanation on this subject, and persuaded the House of Representatives in the project and its positive effects on the Iraqi economy."
He added that "The project is also referred to the Economic Committee of the Council of Ministers for discussion indicating that the deletion of three zeros from the local currency will be in 2013. "
He noted that "the financial management system suffers from the legacy of a great need to repair a large remove the legacy of an open economy he inherited Iraq because of the policies of the former regime."
The central bank said it plans to issue a new currency from the category of 50 dinars after deletion of zeros which is equivalent to $ 50 thousand dinars at the moment. "
It examines the central, since last June deleting three zeros from the local currency in an attempt to promote the value of currency in circulation, external and internal. The Kurdish language will be added to the new currency in addition to Arabic. "
The Ministry of Finance to delete the zeros will free the economy from the constraints and enhance the value of the dinar in the International Monetary Fund.
He International Monetary Fund last August to support the Iraqi economy in the event of its number of economic measures, including raising three zeros from the local currency