Iraq subtracting zeros from its currency next year


Oct 21, 2014

BAGHDAD Commission announced the economy and investment in the Iraqi parliament, that the deletion of zeros from the Iraqi currency will be working by next year,

and they will discuss the coming period, some of the most important laws Banking Law, and the Law on the Central Bank, and the Money
Laundering Act.

A member of the committee of economy and investment in the Iraqi parliament, Jawad al-Bolani, said: “The deletion of zeros from the Iraqi currency will be it next year.”


The Iraqi government project about deleting three zeros from the Iraqi currency to reduce inflation winning currency but it has been postponed.


He said al-Bolani, in a press conference in the parliament building, the foreign exchange reserves in the Central Bank of Iraq, reached 76.3 billion dollars, and that the Iraqi currency markets, amounted to 40 trillion Iraqi dinars.


The member of the committee of economy and investment in the Iraqi parliament, that “there are some laws will be discussed in the House of Representatives soon a Banking Law and the Law of the Central Bank and money laundering,” adding that “these laws will enhance the Iraqi economy.”


The Iraqi Central Bank authority independent of the government is not entitled to state intervention work.

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