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Found 5 results

  1. Talk about re-work coin and delete the zeros from the paper 19/08/2019 A member of the Parliamentary Finance Committee revealed that there is a tendency to reintroduce the coin that has been used for decades in the country, while another member of the Committee proposed to pre-empt the coining process by “deleting zeros” from the current currencies so that there would be value for the small cash classes. The committee member, MP Hanin al-Qadu, that "during meetings and discussions with officials at the Central Bank stressed the need to re-work coins that were
  2. Is it time to delete three zeros from the currency? Iraqi currency Reports Economy News Baghdad: The central bank submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deteriorating security and political situation in the country. The governor of the Central Bank, Ali al-Alaq, in a discussion session with the editors of a number of Iraqi media, includin
  3. 1 - 29 - 2014 Exchange rate 1000 old to 1 new Current Currency After Deletion of three zeros aka Redenomination No Millionaires Will be made by holding onto the old currency that will get Redenominated A rupiah redenomination bill is currently being sought by the Indonesian government and it is asking the House of Representatives to start the legislation process for the bill next year. The redenomination is an attempt to simplify currency transactions by replacing the currency with a new one. In the past, officials have mooted the idea of removing three zeros from the rupiah. F
  4. 1 - 24 - 2014 TEMPO.CO, Jakarta - Center for Strategic and International’s economist Haryo Aswicahyono, said currency redenomination should be done after general elections where the public psychological condition is relatively stable to prevent politicalization. "The current situation is unstable. If the people are panic because of redenomination, banks may be affected," Haryo said yesterday. According to him, most people have not understood about redenomination and often mistaken it with sanering (slashing of currency's value). Bank Indonesia (BI)'s governor Agus Martowardojo previous
  5. 1 - 16 - 2014 Bank Indonesia (BI) Governor Agus Martowardojo has said a stable economy is the key to the successful implementation of the redenomination that will replace Rp 1,000 of the old currency with the new Rp 1. “We want to make sure that the redenomination will be successful, but one of the keys is that it takes place when the country’s economy is stable and in good condition,” he said in Jakarta on Thursday, as quoted by Antara news agency. Agus said that in 2013, domestic economic growth was corrected and the impacts of global fluctuations could still be felt in 2014. “The US
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