Tuesday, May 22, 2012

Parliament Financial Commission (PFC) is discussing to cancel zeros from iraqi dinar

May 08, 2012

  • The statement, also added that the foreign currency transfer will be also discussed, in addition other matters connected with the Iraqi currency dinar.
  • Earlier Iraqi Cabinet decided to postpone cancellation of from the dinar and to form a committee to investigate the fluctuations in the Iraqi dinar currency and its effects on national economy and dinar rate.
  • The cancellation of the zeros from dinar, announced earlier by the Iraqi Central Bank, was disapproved by many Iraqi economic experts, who believe that Iraq was not ready for such a move because it lacked political and security stability, in addition to the economic.


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