“No Appropriate Time” to Delete Zeros from Iraqi Dinar

MP Abdul Hussein Raisan, of the Ahrar bloc, has said that deleting the three zeros from the Iraqi currency was “inappropriate due to the present economic conditions”.

Citing a lack of real reforms in the banking sector, he said that the economic situation is not suitable for such a change, according to a report from Aswat al-Iraq.

The Parliamentary Economic and Investment Commission said in a press statement that “the currency should be changed in form and value, which requires a special law”.

The “Premiership Secretariat General” (sic) said deleting the three zeros should be postponed because withdrawing and burning 40 trillion Iraq dinars needs further study.

(Source: Aswat al-Iraq)

iraq-businessnews.com