Alsumaria News / Baghdad said the Iraqi Central Bank, Thursday, for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.The adviser said the Iraqi Central Bank Governor the appearance of Mohammed in an interview for “Alsumaria News”, “zeros are added to the Iraqi currency during the last period, formed a cluster of large cash $ 28 trillion and 500 billion Iraqi dinars, nearly five trillion banknote,” noting that “the Bank has created all the items to delete zeros from the currency. “
Saleh added that “the process is one of the strategic functions of the Central Bank of Iraq,” adding that “monetary policy of the Bank based on the structure and reduce the volume of currency in a country moving to the stage of the economy.”
Salih stressed that “the project to delete the zeros have been completed it will be submitted to the Department of the Central Bank of Iraq during its next meeting, and then will be submitted to the Council of Ministers to be presented to the House of Representatives for a vote, “pointing out that” the mechanisms of switching and changing the currency would be gradual preceded by campaigns to educate the citizens. “
Saleh continued that “the new currency, which will be printed after the deletion of zeros will contain the Kurdish language in addition to Arabic, as well as some pictures that refer to the heritage and civilizations of Iraq and the symbols of scientists and thinkers the Iraqis. ” The Iraqi Central Bank Governor Sinan Shabibi said at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which took place, In the 19 of June, and, ready to create all the supplies to replace the Iraqi currency.
The Central Bank of Iraq, has four branches in Basra and Sulaymaniyah, Irbil and Mosul, where established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management, as well as the organization of the banking sector.
