By John Lee.
A member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because “the ground is not prepared yet”.
MP Majida al-Timimi told AIN:
“The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the Central Bank of Iraq’s new governor.
“[The] committee did not received a letter from the CBI about this proposal or postponing it.“
The MP cited fears of counterfeit dinars, resulting in inflation, as one of the reasons for the delay.