Central Bank Rejects Redenomination of Dinar

By John Lee.

The parliamentary economic and investment commission has reportedly said that the Central Bank of Iraq (CBI) is not able to redenominate the Iraqi dinar, deleting the three zeros.

According to a report from Shafaq News, this is "due to the unstable economic situation."

Instead, new banknotes worth 50,000 dinars are to be printed, while the introduction of a new 100,000 dinar note is to be postponed.

(Source: Shafaq News)

(Dinar image via Shutterstock)

6 Responses to Central Bank Rejects Redenomination of Dinar

  1. Daita Williams 10th May 2015 at 14:34 #

    Can you please verify where you got this information? I can not confirm it anywhere.

  2. TheRacket 13th May 2015 at 14:35 #

    Daita – sounds like you're waiting to become a millionaire from dinar, and your undfounded hope is causing you to question reality. Wake up.