*Below article references the following 2 articles ~ Central Bank declares its readiness to start deleting zeros from the Iraqi currency ... and .. *November 18, 2010 ~ Finance: Delete the zeros of the local currency enhances the value of the Iraqi dinar in the International Monetary Fund ...Wednesday, 14/12/2011
Economy considering the possibility of parliamentary delete zeros from currency
Baghdad, The committee of economy and investment representative, on Tuesday, it will consider the deletion of zeros from the Iraqi currency, noting that the Governor of the Central Bank and economic experts have made several proposals in this regard.
A member of the Sheriff Aziz said in a statement received Mayahi term, a copy of it,
The "Committee for Economy and Investment hosted, today, Governor, Central Bank of Iraq with a number of economic experts," noting that "the two sides discussed the issue of deletion of zeros from the Iraqi currency."
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Mayahi added that "the Commission listened to a detailed explanation by the delegation on the issue of deletion of zeros," noting that "the Commission will consider the proposals of the delegation in this regard in order to reach the right decision to serve the interests of the Iraqi people."
The Member of the parliamentary economic and investment that "the Commission discussed with the delegation, a number of economic issues Kaltdkhm and ways to reduce its impacts on the Iraqi economy."
The Central Bank of Iraq announced that, in (29 September 2011), that the year 2013 will see the deletion of zeros and the currency exchange, pointing out that the existing currency formed a cluster of large cash estimated at 30 trillion dinars.
He said an adviser to Prime Minister for Economic Affairs Abdul Hussein Al-Anbuge, in (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of "mafias currency" is preparing to rig the trillions of dinars Iraq to replace them in the light of the planned changes.
He accused the Iraqi Central Bank, in the (12 September 2011), government agencies of obstructing monetary reform and vowed to sue, blaming the authorities responsible for exposing the financial interests of the country to danger.
According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, noting that the deletion of zeros needed to stabilize the security and political as well as economic stability.
And declared the Iraqi Central Bank Governor Sinan Shabibi, at a meeting of independent bodies with Prime Minister Nuri al-Maliki, who was held in (June 19, 2011), his willingness to create all the supplies to replace the Iraqi currency.
The Central Bank of Iraq was established as a bank independent under the law issued on the sixth of March of 2004, as an independent body is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the financial system competitive and independent.
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