Iraqi parliament: Delete the zeros from the dinar begins next year
Iraqi parliament: Delete the zeros from the dinar begins next year
21-10-2014 02:18 PM
The Commission on the economy and investment in the Iraqi parliament that the deletion of zeros from the Iraqi currency will enter into force next year, noting at the same time it will be discussed during the coming period, the laws pertaining to banks, and the central bank, and the fight against money laundering.
A member of the committee of economy and investment in the Iraqi parliament, Jawad al-Bolani, said that ‘the deletion of zeros from the Iraqi currency will be it next year’, according to agency Anatolia.
The Iraqi government project about deleting three zeros from the Iraqi currency to reduce inflation is winning the currency had been postponed.
He said al-Bolani, in a press conference held in the building of the Iraqi parliament, the foreign exchange reserves in the Central Bank of Iraq amounted to 76.3 billion dollars, with the currency markets is estimated at about 40 trillion Iraqi dinars.
According to Bolani he will discuss some of the laws that would ‘promote the Iraqi economy’ he said, and he mentioned the laws of the banks and the Central Bank and the Money Laundering Act.
It is noteworthy that the Iraqi Central Bank authority independent of the government is not entitled to state intervention work, under Iraqi laws.
ikhnews.com
