Thursday, August 25, 2011

23/08/2011- Iraq.. Lifting three zeros from the currency the end of the year

Khandan-Dr. Fadel Prophet Iraqi Finance Ministry Undersecretary, told "khandan" site that the budget for 2012 is much more than the budget unveiled in the recent period, noting that more than 115 trillion dinars.
The Financial Secretary stressed that the Central Bank of Iraq intensify its efforts to raise the zeroes of Iraqi currency, and it is hoped that the work is to lift the three zeros from the currency of Iraq later this year, pointing out that Exchange requires the consent of the Council of Ministers and the Iraqi Parliament.
Dr. Fadel Prophet referred to the Finance Ministry have completed stages of the preparation of the budget, leaving only the final figure will be guessed and then sent to the Cabinet for approval.

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