Iraq adopt a currency free of zeros in the new budget
By: Director Supervisor
On: Friday 06/07/2012 10:51



[Click here to view full image]
Announced that the Finance Committee in the Iraqi parliament, that the 2013 budget next year will be the new currency, after deleting three zeros
Of the current currency, considering the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros. Committee member, said Najia Najib The process of switching the currency and delete zeros will take nearly two years, after the preparations of the process that began more than a year. She said Najib said the Cabinet agreed during a meeting with the Governor of the Central Bank on the project to delete the zeros and replacing Iraqi currency, having decided earlier to wait to the project as a result of the high price of the dollar in the domestic market for the past months », pointing out that« the project to delete the zeros and currency exchange aims to restructure the Iraqi currency, and the form in which to do business in line with Iraq's internally and externally ». Najib stressed that the Finance Committee and the Central Bank agreed during their last meeting to be next year's date for the start delete the zeros, and the balance of 2013 the new currency, but if there is an obstacle to it.
http://translate.google.com/translat...ew%26id%3D3560