CBI rules out implementing zeros deletion project of Iraqi currency in 2013

Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) ruled out implementing the project of deleting zeros from the Iraqi currency in 2013 because it needs time and new fiscal year.

The Deputy Chairman of the CBI Mudhir, Mohamed Salih, told IraqiNews.com on Wednesday “The project of crossing out zeros from the Iraqi currency takes time,” noting that “The Council of Ministers has instructed to take extra time to consider this project.”

Salih denied “The reports over a malfunction that took place while implementing this project in the exchange rate of the Iraqi Diner against the foreign currencies.”

The CoM has decided during its session of last April, 10th to postpone the deletion of zeros from the Iraqi currency until further notice.