Iraq planning to delete zeros from dinar

According to an article in Alsumaria, on 23 June 2011 the Central Bank of Iraq announced it is planning to delete zeros from the Iraqi dinar, and add Kurdish to the Arabic text on the notes.

Said the adviser of Iraqi Central Bank governor Mothahhar Mohammed Saleh, “The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens. The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures.”

There have been similar reports of revaluing the dinar since 2007, but to date none have come to fruition.

Courtesy of Richard Miranda.

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