Central Bank: the new currency that will be after you delete the zeros will carry printed in three languages
14 August, 2011 10:23:00
Central Bank confirmed that the new currency that will be the trading After deleting three zeros will carry them printed in three languages: Arabic, Kurdish and English.
The deputy governor of the Central Bank of the appearance of Dr. Mohammed Saleh in a press statement that the financial value of money after the cancellation of three zeros will not be affected and the process of dispensing with the old currency would be gradual in order to prevent fluctuations in price can affect the exchange rate or the fact SPV, as it will be trading currencies at the same time until the absorption of the old currency.
He said the benefit to the existence of long-term plan for the implementation of the project, in order to avoid any disruption can be reflected in the cash arena, expected to lead the move, which promised, according to studies minutes to solve all the problems in the trading committed a result of the large mass of bulging cash in the Iraqi market.
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