4/16/2011Iraqi central bank says that it will submit a law organizing the process of removing 3 zeros from Iraqi dinar
Advisor of Iraqi central bank Mudher Mohammed Salih said that the
*central bank is working on drafting a law organizing the process of removing three zeros from Iraqi dinar and upgrading the value or Iraqi currency in local and international economic transactions.
*The advisor said that the central bank will submit the law to the Iraqi prime ministry and after approval it will be sent to the Iraqi parliament for endorsing.
*Iraqi ministry of finance said on last February that the removing of three zeros from Iraqi dinar will free Iraqi economy of restrictions and enhance the value of Iraqi currency in international monetary fund.
*International monetary fund said that it will support Iraqi economy in case Iraq took certain economic measures including privatization of banks, removing three zeros from Iraqi dinar and paying debts.
*Iraqi government is working on making some changes on Iraqi currency including removing three zeros from Iraqi dinar to enhance the value of the currency nationally and internationally and end the financial inflation. link ~ Iraq CBI ~ inflation to stay in single digits -central bank ...
