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Monday, January 2, 2017

"Central" Iraq currency supports deleting "zeroes" dinar", 2 JAN

Earthfirst:  "Central" Iraq currency supports deleting "zeroes" dinar
Revealed on the Iraqi Central Bank Governor relations delete the zeros of the Iraqi currency, began to develop the first steps of the project to support the Iraqi dinar.

Relationship in a statement said that the purpose of deleting the 3 zeros is supporting Iraqi dinar, make it a competitor for the foreign currencies, pointing out that this strategic project will serve the country's economy, the dinar will be included within the global currency basket in vital exchanges.

He added that the Bank is working on mechanisms to implement the project, and is expected to start with the beginning of 2017. He noted that the introduction of the new currency does not mean destruction of ancient coins, but will continue trading for about 10 years.   Source

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