Parliamentary Finance: Delete the zeros and the replacement of the currency early 2013

Wednesday 16 May 2012

Revealed the parliamentary finance committee that the deletion of zeros and replacing Iraqi dinar currency 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 al-Jubouri in a press statement that “the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency,” adding that “as of next September 2012, will be the direct printing of new currency in different categories.”

The Jubouri that “the process of replacing the old currency will continue to a full year to be the withdrawal of the old in full within the first six months of the year 2014,” noting that “delete three zeros and replace it from would be afterbirth on the stability of the Iraqi dinar currency and reduce the demand for hard currency.”

He Jubouri that “the Iraqi Central Bank dispelled all concerns relating to money laundering and forgery during the process of replacing the old currency El Jadida,” explaining that “a device has a special anti-money laundering.”

The Jubouri that “the reform of the currency management from the heart of the Central Bank and the deletion of zeros is a function of the strategy,” asserting that “the Finance Committee of Parliament to support the Iraqi Central Bank’s policy in this direction.” … P / i