Project to delete the zeros from the currency-based and will be announced immediately after approval of the Government Vice Governor of Central Bank

Last Updated: 01/03/2012

Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency of the country as strategic as it will reduce the mass of cash circulating in the local markets.

Saleh said: The central bank exceeded the advanced stages in the preparation of studies and logistical preparations for the mission project to delete the three zeroes from the currency   and within a specific timeframe being a reformist project of the Iraqi currency.

He added that in the event of obtaining approval by the federal government on the implementation of the project work will be on the tactical level and higher will be the announcement of the implementation and contract with advertising companies and the media to educate citizens on how to use the new currency and to answer all questions raised by him. He said: that the ongoing meetings with the relevant committees in both houses of the Iraqi economy ministers, MPs, and we are now awaiting approval from them to get to the final stages of project implementation