Future News / Baghdad:
The Iraqi Central Bank,told the Finance Committee in the House of Representatives that they will try to raise zeros from the currency beginning in 2014. ”
The Commission Abdul-Hussein al-Yasiri said in a press statement that “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs to quarter, which coincides with the increase in the value of the Iraqi dinar.”
He explained that “the Central Bank informed that they strive to accelerate the implementation of the project beginning in 2014.”
Yassiri added, “demands the central bank to accelerate the application of the decision to lift the zeros, in order to reduce the problems that occur due to the continuation of the current currency trading.”
Observers stresses that deleting three zeros from the currency means deleting three digits from billing records, which requires reform of the currency management system and accounting system in the country.