Iraq Central Bank to delete zeros soon

[pinko]

http://www.alsumaria...zeros-soon.html

Saturday, September 03, 2011 12:21 GMT

The denomination of the Iraqi currency reached its final stages as the study and draft resolution reached the Cabinet after being sent by Iraq Central Bank. Iraq Central Bank said that it won’t only delete the zeros but it will also change Iraq monetary structure in order to provide bigger currencies. According to this project coins will appear again in the Iraqi currency, as for the banknotes the Central Bank will recourse to international institutions to print them.

The new currency will be printed in 3 languages including the Kurdish and it will include pictures that represent the Iraqi civilization.

Since a while Central Bank tries to pass this project. The Central Bank stresses that this change will not affect the buying capacity of the Iraqi dinar and its influence is only restricted on the organizational things and it aims to decrease the huge volume of currencies in Iraq.

[Nelson0528]

Yet another interesting translation... thanks pinko...

[behaviorkat]

Yet another interesting translation... thanks pinko...

Ditto!

[Perspective2011]

So much news on this today! Odd since we expected misleading articles towards the end.. Someone is pushing someones buttons somewhere!

[^theStig]

provide bigger currencies? not smaller ones? are they deleting zeros or adding them.

is it possable that maybe they might be refering not to the 1000-25000 bills but getting rid of the 50-500 bills , so that the 1000 becomes the lowest bill.

dont kill me, im just thinking out loud here.

[zigmeister]

provide bigger currencies? not smaller ones? are they deleting zeros or adding them.

is it possable that maybe they might be refering not to the 1000-25000 bills but getting rid of the 50-500 bills , so that the 1000 becomes the lowest bill.

dont kill me, im just thinking out loud here.

I guess it depends on which translation or news report you read. Whew! I dunno! So confused! But it sounds good right?

[Barriegirl]

I like! Thx for taking the time to post.

[RICK C]

The new currencies could very well match the USD. That means there would be a 100 Dinar bill. And that would buy five times what a current 25K Dinar bill does now. Thus, it would be a bigger bill.

you are a lot closer than you realize. that was a plan mentioned a long time ago by the iraq finance dept, to have a currency much like that of the us.