Parliamentary Finance: Delete and replace the zeros of the Iraqi dinar early 2013

Revealed the Finance Committee of parliament Tuesday, that the deletion of zeros and replacing Iraqi dinar Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.

A member of the Finance Committee Haitham Jubouri in an interview for “Alsumaria News”, January of next year 2013 will see the deletion of three zeros and the replacement of the Iraqi dinar , he said, adding that as of next September 2012, will be the direct printing of new Iraqi dinar in different categories.

The Jubouri that the process of replacing the old Iraqi dinar will continue to a full year to be the withdrawal of the old in full within the first six months of the year 2014, indicating that the deletion of three zeros and replace it from would be afterbirth on the stability of the Iraqi dinar and reduce the demand for hard currency. He Jubouri that the Central Bank of Iraq has squandered all concerns relating to money laundering and forgery during the process of replacing the old Iraqi dinar El Jadida, explaining that he has a special organ to combat money laundering. Jabouri said that the reform of management system of currency into the work of the Central Bank and the deletion of zeros is a function of the strategy, stressing that the Finance Committee of the Parliament supports the Iraqi Central Bank’s policy in this direction.