Central Bank: the cost of printing the currency after you delete the zeros will not be large

Central Bank: the cost of printing the currency after you delete the zeros will not be large and will increase them postponed 3 times

Tuesday, July 17, 2012 16:25

Baghdad {: News} Euphrates revealed deputy governor of the Central Bank of the appearance of Mohammed for the costs of printing Iraqi currency after deletion of zeros in the current period, noting that the cost will be the fourth-cost printed by the current currency which is printed after the fall of the regime in 2003.

And Mohammed said in a statement to the Euphrates News Agency {} “The real cost for the printing of new Iraqi currency after deletion of zeros in the current period cost a quarter of which is printed by the Iraqi currency currently in circulation.”

And pointed out that “accelerate the process of printing the new currency is in the interest of the country in the current period because the deferred into the future lead to a cost increase to three times the cost to be allocated for printing in the current period.”

Hesitated and news about the high cost of printing Iraqi currency after deletion of zeros to the imaginary numbers of up to one hundred and seventy billion Iraqi dinars.

The project has been delayed to delete the zeros due to some work by Almarqlat, especially after extensive controversy about it.

Iraq had replaced its currency in 2005 as it continued currency of the former regime for nearly two years. Over 2
Source: alforatnews