Central Bank: the deletion of zeros existing project and we have given the green light for its implementation
Central Bank: the deletion of zeros existing project and we have given the green light for its implementation
03/03/2015 12:50
Awan / Baghdad
Governor of the Central Bank announced on the Keywords, on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.
Keywords and said in a press conference held at the bank building and attended by “time”, that “the project to delete the zeros is based has been put into practice and gave the green light to start with,” noting that “The project needs a period of time may extend to two years or more.”
He added that the relationship “This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in,” adding that “the Bank began creating currency models and training of cadres to it.”
The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.
awaniq.com
