Iraq to revalue dinar and introduce new notes in September 2012
Feb 25, 2012 07:26 AM Category: Middle East
According to an artilce in The Kurdish Globe dated 25 February 2012, the Central Bank of Iraq has agreed with the Economic Committee of the Iraqi parliament to introduce new banknotes in September 2012, and withdrawl old notes within a year of that date. The new notes will be denominated in dinars, which will have three zeros removed to revalue them 1:1000 compared to the existing notes. The new 50-, 100-, and 200-dinar notes will be printed in Europe and feature Arabic, English, and Kurdish text.