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Tag: deletion of zeros

Project of Deletion Zeros is Still in Pipeline

Project of Deletion Zeros is Still in Pipeline

Iraqi Dinar 123 News:– On Sunday, the Governor of the Central Bank of Iraq issued a statement that the project of deletion of three zeros from Iraqi dinar currency is inside out box of projects and it is on hold position. He also pointed out that our currently announced project of issuance of 50 thousand category Iraqi dinar currency has been executed in order to restructure the Iraqi dinar currency. It would not reflect any kind of positive or negative…

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The New 50K Category Will Have No Impact on Deleting Zeros

The New 50K Category Will Have No Impact on Deleting Zeros

Iraqi Dinar 123 News:– On Tuesday, the Central Bank of Iraq issued a statement that launching the 50K category Iraqi dinars would not reflect any impact on the project of deletion of three zeros from the Iraqi currency. The Bank pointed out that Iraqi social and economic conditions are preventing the execution of this project. Walid Idi, the director general of the banking and credit in the Central Bank said in an interview program and presented by Alsumaria TV that…

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Deletion of Zeros or issuance of Small Category Banknotes to Strengthen the Iraqi Dinar: Najiba Najib

Deletion of Zeros or issuance of Small Category Banknotes to Strengthen the Iraqi Dinar: Najiba Najib

Iraqi Dinar 123 News:– On Tuesday, a member of Iraqi Parliamentary Economic and Investment Committee Najiba Najib issued a press statement that issuance of small category of Banknotes would empower the Iraqi dinar currency. Najiba Najib further added in her press statement that when we consider making stronger economic conditions in the country, we should reconsider the value of Iraqi dinar currency against most of the major foreign currencies. Point to be noted that Iraqi dinar currency is becoming stronger…

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Deletion of Zeros is not a Desired Thing to Do: PM Adviser

Deletion of Zeros is not a Desired Thing to Do: PM Adviser

On Monday, the Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a statement that the elimination of three zeros from Iraqi dinar currency is not necessary. The new project of issuing new Iraqi currency of large amount categories is a normal process and it would help in maximizing the efficiency in the Iraqi banking system and it will decrease the weight or quantity of traded money. Muhammad Saleh further said in a press statement that the initiation of…

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New Iraqi Currency
New Monetary Categories Being Printed to Delete Zeros from Currency

New Monetary Categories Being Printed to Delete Zeros from Currency

The Iraqi Parliamentary Finance Committee member Masood Haider issued a statement that we have directed the Iraqi Central Bank to print and issue new Iraqi dinar currency of large amount categories. After completion of this project of printing new Iraqi dinar currency, we will prepare for our next project regarding deletion of three zeros from the Iraqi currency. Masood Haider further added that the Central Bank of Iraq has decided to print large amount of Iraqi dinar currency and its…

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Iraqi Currency
Major Reasons Behind Suspended Project Of Zeros Deletion

Major Reasons Behind Suspended Project Of Zeros Deletion

The representative of the Economic Commission said that there are many factors behind stopping the project of deletion of three zeros from the Iraqi dinar currency and the most prominent factor is the economic policy, which caused instability in the country. He also said that not only the Iraqi Central Bank can finalize this important project, but the Iraqi government should support the CBI for implementation of this project. A committee member Nora Albjara said that the Iraqi government has…

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Implementation of Deletion Zeros from Iraqi Dinar

Implementation of Deletion Zeros from Iraqi Dinar

Iraqi Dinar 123 News: – A most famous economic expert Antoine said that the implementation of deletion zeros from the Iraqi dinar currency would help in restructuring and to reduce the currency circulation in the market. He also said that this major project is still under discussion between the Iraqi Authorities and the Iraqi Central Bank. Most of the economists predicted that the implementation of deletion zeros project is in the favor of Iraqi people and it will also provide…

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CBI Governor and His Senior Staff Discussed Major Issues: Finance Committee

CBI Governor and His Senior Staff Discussed Major Issues: Finance Committee

Iraqi Dinar 123 News: – On Tuesday, the Iraqi Parliamentary Finance Committee and Commission head MP Ahmed Chalabi and his committee members hosted the Governor of the Iraqi Central Bank and its senior staff members to discuss about the net reserves and the net assets in the balance sheet of the Central Bank and impact on the economy of increasing oil reserves which affects in the cash basis degradation. A statement issued by the Commission that during this meeting, Governor…

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