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Finance Committee: Ground not suitable to delete zeros from Iraqi dinar

Iraqi Dinars - File Photo
Iraqi Dinars – File Photo

Baghdad (IraqiNews.com) MP Majida al-Timimi, member of the Parliamentary Finance Committee ruled out implementation of crossing out the zeros from the Iraqi dinar in 2013 because the ground is not prepared yet.

Timimi stated to Iraqi News “The process of deleting zeros from the Iraqi dinar in 2013 depends on the nature of the policy of the Central Bank of Iraq’s new governor.”

She referred that “her committee did not received a letter from the CBI about this proposal or postponing it,” pointing out that “The current situation is not prepared to carry out this proposal especially there is fear of replacing the original currency by counterfeit one, thus lead to inflation instead of reducing the currency circulation.”



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