Governor of the Central Bank : the abolition of the zeros from the currency is linked to the security situation
Governor of the Central Bank of the Euphrates {News}: the abolition of the zeros from the currency is linked to the security situation in the country
22.10.2014 10:52 a.m.
{Baghdad: Euphrates News} central bank governor said on the Keywords that “the issue of cancellation of the zeros from the Iraqi currency is linked to the security situation in the country.
Alak said in an interview, told {Euphrates News} on Wednesday that “the issue of cancellation of the zeros from the Iraqi currency within the plan’s central bank and in the coming years will be the implementation of this project, and whenever there is stability in the security situation will accelerate the implementation of this project and canceled yellowing from the currency.”
was the Iraqi government project about deleting three zeros from the Iraqi currency to reduce inflation winning currency, but it has been postponed.
referred to that a lot of economists called for during the coming period to delete the zeros from the Iraqi currency to maintain a stable exchange rate of the Iraqi dinar against the dollar exchange rate, while the Iraqi government announced The step switch the new currency may take many years.
mentions that the reports revealed in the recent period for the face of Iraq to the deficit in the assets of hard currency in the Central Bank of Iraq, at a time when the bank that the monetary situation in Iraq is stable in spite of the military operations taking place in Iraq in recent period Ended m
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