Central bank: an existing project to delete the zeros and the issuance of 50 thousand came to structuring currency.
The governor of the Iraqi Central Bank on the Keywords, Sunday, that the project to delete the zeros of the existing currency, pointing out that the issuance of 50 thousand dinars category came to structuring currency and do not affect inflation and rising prices.
Keywords and said in an interview, said that “the project to delete the zeros of the currency is still exists, but the administrative conditions are not favorable for its implementation so far, “added Keywords, that” issuance of 50 thousand dinars came to structuring currency, the fact that the 25 A category is no longer suitable for trading compared to the monetary mass in circulation, “explaining that” the new category Stsuhal process and conversion transfer by banks and citizens.
“He stressed the Keywords, that” 50 thousand dinars class does not affect the inflation and rising prices, because the released are compared to the damaged currency.
“The Central Bank of Iraq announced on Sunday (November 15, 2015), that the issuance of 50 thousand dinars category enables it to delete zeros from the currency, and among it will reduce the demand for the dollar, he noted that the new currency not related to the financial crisis. SOURCE