Iraq
Iraq may issue revalued banknotes in early 2008
Dec 03, 2007 08:08 AM Category: Middle East
According
to a Dow Jones Newswire report of November
29, 2007,
the Central Bank of Iraq is contemplating rebasing
the Iraqi dinar and issuing new banknotes early in
2008. “The central bank will take a decision in
three months time from now, taking off three zeros
from the current Iraqi dinar value,” said Finance
Minister Bayan Jabor. Printing new notes and fully
replacing the old ones would take two years.
Iraq’s current notes were printed by De La Rue,
though Jabor didn’t say which company would print
the new banknotes.
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© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
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