Wednesday, November 28, 2012

Delete the three zeros and add the Kurdish language as well as Arabic and English for the new currency, 28 NOV

Palm-the Iraqi Central Bank adviser said the appearance of Mohammed Saleh serious Bank project delete three zeros from the national currency in the near future. The valid it is currently forming the next Government and Parliament new firm will take on themselves determine the mechanism by which the application of the draft will delete zeros of the Iraqi currency. He added that the deletion of zeros will contribute to reduce inflation and reduce the size of the money supply in circulation in the Iraqi market of 26 trillion dinars to about 25 billion dinars, indicating that the Kurdish language will be added to the new currency as well as in Arabic and English. He noted that many funds traded in the market led to confusion in business dealings, in banks, adding that the deletion of three zeros from the Iraqi dinar will reform the management system of the national currency and thereby improve and revive the economy.


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