Migrate project delete zeros to the next Government
Baghdad (Iraq)/Marwa Hussein The parliamentary Finance Committee confirmed the migration project in zeros from the Iraqi national currency next year with the new Government after the elections, said that the date of implementation will be deferred until now.
Abd al-Husayn al-yasiri for «future» the deletion of zeros from the local currency due to start next year in agreement with the Central Bank. He noted that setting a date for elections next year and the end of the age of the current government mandate will push to migrate the project automatically to the new Government to consider its implementation and timing. Al-yasseri said that this project will reduce the rate of the national currency in circulation from 4 billion to 1 billion.
The Central Bank had earlier announced that this year will see the implementation of the project to delete the three zeros national currency amid expectations of parliamentary committees to decide on the project next year, but the Central Bank recently returned to retract his decision, saying that the current situation is not appropriate to delete the zeros of the Iraqi currency, indicating that he would declare early for the public when they decided to delete.