CBI: New currency will be printed in three languages by the Constitution; Project has been forwarded to Parliament
(Thank you Debbie from The Call Squad for emailing this to us)
Saturday 13/08/2011 10:32
Baghdad (news) .. The Central Bank of Iraq to the new currency that will be the deletion of zeros will be printed in three languages, Arabic, Kurdish, English as indicated by the application of the Constitution, pointing out that the old currency will be dispensed gradually.
The central bank adviser said the appearance of Mohammed Saleh in a statement to the Agency (news) on Saturday: the new currency will be printed in three languages: Arabic, Kurdish and English, the real opportunity to apply what was referring to the Iraqi constitution, stressing that the aunt of old will not be canceled immediately after issuance of the new, but will be dispensed gradually.
Saleh pointed out: there is no difference in the currency on the new rights at the exchange rate and the purchase, saying: When you want to buy the rotor b (1200) dinars, we will buy and dinar (200) fils.
He added that the project to delete the zeros approved by the Department of the Central Bank has been forwarded to the Council of Ministers and MPs, if approved by the government it will be worked by hand.
The central bank adviser that the purpose of the project to delete the zeros of the three is to reduce the large numbers of objectionable transactions, which will reach trillions, and the blocks will be shortened without cash disparage and wealth or income, they are all be fixed.
And that the project will be working gradually, and differs from the previous project, which began at the end of the year (2003) and continuing until the end (2004), and expected to take the project over time more and continues to years and thus we note that the old currency will gradually disappear.