14/08/2011
Confirmed that the deletion of three zeroes sponsor absorb inflation
The Central Bank said the new currency that will be to trade after deleting three zeros of which carry printed in three languages: Arabic, Kurdish and English.
The deputy governor of the Central Bank of the appearance of Dr. Mohammed Saleh in a statement the “morning” that the financial value of money after the cancellation of three zeros will not be affected and the process of dispensing with the old currency would be gradual in order to prevent fluctuations in price can affect the exchange rate or the reality of purchasing power, as it will be trading the currency pair at the same time until the absorption of the old currency.
Mentions that the project of deleting three zeros from the currency has put the central bank will be submitted to authorities High for the purpose of discussion and approval. Salih noted the existence of long-term plan for the implementation of the project, in order to avoid any disruption can be reflected in the cash arena, expected to lead the move, which promised, according to studies minutes to solve all the problems in the trading committed a result of the large mass of bulging cash in the market of Iraq.
“The views of economists, has been divided on the process of deleting three zeros from the currency in Iraq, between her supporters and opponents.
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