“No Deletion of Zeros” from Dinar in 2013

 member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because “the ground is not prepared yet”.

MP Majida al-Timimi told AIN:

The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the Central Bank of Iraq’s new governor.

“[The] committee did not received a letter from the CBI about this proposal or postponing it.

The MP cited fears of counterfeit dinars, resulting in inflation, as one of the reasons for the delay.

(Source: AIN)