A member of the committee of economy and investment, Jawad al-Bolani, said that ‘the deletion of zeros from the Iraqi currency will be it next year’, according to agency Anatolia. The Iraqi government project about deleting three zeros from the Iraqi currency to reduce inflation is winning the currency had been postponed.
He said al-Bolani, in a press conference held in the building of the Council, that the foreign exchange reserves in the Central Bank of Iraq amounted to 76.3 billion dollars, with the currency markets is estimated at about 40 trillion Iraqi dinars. According to Bolani he will discuss some of the laws that would ‘promote the Iraqi economy’ he said, and he mentioned the laws of the banks and the Central Bank and the Money Laundering Act.
It is noteworthy that the Iraqi Central Bank authority independent of the government is not entitled to state intervention work, under Iraqi laws.