BAGHDAD (Reuters) - The central bank, according to official communications, will start this year with the removal of three zeros from the local currency, saying that this will lead to the development of international monetary and economic transactions, in a new development in the Iraqi currency, which suffered large waves of inflation and decline Exchange prices. The official Iraqi Media Network quoted a member of the Finance Committee, Abdul Hussein al-Yasiri, as saying that preparations should begin to delete three zeros from the local currency, adding that the local currency "will reduce from four billion units to one billion units, which will make there flow in Currency transfer process ". The Finance Committee "supports changes in the local currency due to the economic importance of the country," Yasiri said. The central bank says the deletion of zeros is part of a plan to develop its monetary policy and reform currency management. The Central Bank of Iraq had indicated last August that it plans to delete zeros from the Iraqi dinar to facilitate financial transactions that are carried out through cash in most cases. Among the difficulties faced by Iraq if he wants to delete the zeros from the dinar is to withdraw about 30 trillion dinars currently circulating in the Iraqi market, and then get rid of them and replace them with a new currency.