Printing of currency begins in Sept 2012, Currency issued in January 2013

Revealed the parliamentary finance committee on Tuesday that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.

A member of the Finance Committee Haitham Jubouri in an interview for “Alsumaria News” that “the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency,” adding that “as of next September 2012, will be the direct printing of new currency in different categories.”

The Jubouri that “the process of replacing the old currency will continue to a full year to be the withdrawal of the old in full within the first six months of the year 2014,” noting that “delete three zeros and replace it from would be afterbirth on the stability of the Iraqi currency and reduce the demand for hard currency.”

He Jubouri that “the Iraqi Central Bank dispelled all concerns relating to money laundering and forgery during the process of replacing the old currency El Jadida,” explaining that “a device has a special anti-money laundering.”

The Jubouri that “the reform of the currency management from the heart of the Central Bank and the deletion of zeros is a function of the strategy,” stressing that “the Finance Committee of the Parliament supports the policy of the Iraqi Central Bank in this direction.”