I’ve written several articles on the Central Bank of Iraq (CBI) delete the zero’s project in the last couple of weeks and kept you all updated with the most accurate information. In a previous article, I said that the delete the zero’s project would not start until the first quarter of 2016. Sources within the Basra Economic Committee stated that the CBI and the Iraqi government will not start the Iraqi Dinar currency revaluation structure until all Iraqi provinces are fully in government control. The CBI and Iraqi government are going to delay the currency until every one of the Islamic State militia fighters is no longer present in Iraq.
Iraq parliamentary economic committee member Najiba Najib has stated in local Baghdad media that the main obstacle to the plan is the security situation, which is currently gripping the country. Najib said, “The current currency is not commensurate with the economic crisis that hit the country.” The CBI alone can not implement this project but need to unite all banks Najiba further stated. When Najiba said all banks, she also means the banks in the hands of the Islamic State. ie Mosul, Fallujah, Ramadi.
This confirms my source in Basra that the CBI and the Iraqi government are optimistic that they will be able to remove the Islamic State by next year 2016. I am not sure if this will happen or not I would very much like to see the Islamic State destroyed. Keep the U.S. soldiers in your prayers and I will continue to bring you the most updated Iraq information.
The Delete the Zeros Starting First Quarter in Year 2016 After Security Improves in Iraq