Flashback Article: "23 June 2011 the Central Bank of Iraq announced it is planning to delete zeros from the Iraqi dinar, and add Kurdish to the Arabic text on the notes.
Said the adviser of Iraqi Central Bank governor Mothahhar Mohammed Saleh, 'The project of deleting zeroes is complete.
It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote.
The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens. The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language.
It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures.” There have been similar reports of revaluing the dinar since 2007, but to date none have come to fruition.
ERBIL, Kurdistan Region (Kurdistan 24) – The Prime Minister attended an opening ceremony for the the Erbil Copper & Cable Company on Wednesday.
The plant is a modern integrated factory and industrial compound for general limited trade, built on a large area of 175 thousand m2.
It is also an industrial corporation where all processes of production from recycled of the copper waste to making copper wire and cables.
Erbil Copper & Cable Company ECC is the first copper wire and cable site in Kurdistan Region and Iraq. The factory is a strategic plan, built by local workforce, its products are to the international standards and the pure copper is by %99.99 approved.
The plant aims to provide copper wire and copper cable to the Kurdistan Region, Iraq and other countries in the zone. It is also to provide some support and services to all large industries, contractors and businessmen in the Kurdistan Region.
The formation of the Erbil Mercury and Cable Company: Copper cable production factory Granol production factory Oxygen, Nitrogen and Air producing factory Copper Roller and steel bark producing factory
Producing Capacity of the Erbil Mercury and Cable Company: 50000 tons annually 30000 tons annually from recycled cooper scrape waste
Erbil Copper and Cable Company Qualifications: Testing type KEMA from the Netherlands Aenor certificate of quality test from Spain Environmental Management System 14001:2015 ISO Security Information Management System 27001:2013 ISO Quality Management System 9001:2015 ISO Professional, Health and Safety Management System 45001:2018 ISO
The market economy is coming together, the World Bank is addressing Iraq is moving toward a market economy.
That means...at some point, could be any day, any time, they're going to have to go into the international world...
World Bank [report] today praising Iraq, is in line with ample work is being done and yet to be reported. With as good as that report is and there is more to come that is suggested to be even better is amazing.
ERBIL (Kurdistan 24) – Major General Yehia Rasool, spokesperson for the Commander-in-Chief of the Iraqi Armed Forces, announced on Saturday that Iraq has taken all necessary measures to secure its airspace.
He emphasized that Iraq now has the capability to monitor and track incoming and outgoing aircraft, further bolstering the country’s defense.
Speaking to the Iraqi News Agency (INA), Rasool highlighted that the Iraqi government, under the leadership of Prime Minister and Commander-in-Chief Mohammed Shia’ Al-Sudani, has prioritized the development of Iraq’s air defense system.
“A contract was signed with South Korea several months ago to acquire an advanced air defense system, although it will take time to fully implement,” Rasool said.
While acknowledging that Iraq’s airspace is not yet fully secured, Rasool stressed that all essential steps have been taken to ensure its protection. He pointed to Iraq’s enhanced capability to monitor its airspace and manage aircraft traffic.
Rasool also mentioned the integration of advanced Korean-made X-16 and K-50 aircraft, along with transport and reconnaissance planes, as key components of Iraq’s air defense.
"These assets have strengthened the Iraqi air force and contribute significantly to safeguarding Iraq’s sovereignty," he added.
Border Security Efforts
Addressing the issue of border security, Major General Rasool confirmed that Iraqi borders, particularly those shared with Syria, are well-secured.
He highlighted the deployment of Iraqi border forces, reinforced by thermal cameras and surveillance equipment, to maintain vigilance.
“The military leadership has placed great importance on securing Iraq’s borders,” Rasool said, noting that the army is positioned behind the borders, along with five lines of border forces.
These units conduct qualitative and preemptive operations based on intelligence, employing ambush tactics and precise monitoring to ensure security.
Rasool’s statements underscore the Iraqi government’s ongoing commitment to protecting the country’s airspace and borders, as part of a broader strategy to enhance national security.
...the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros...No one in Iraq is going to get rich off this swap out...
So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate...The banks are going to be VERY strict on this.
Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies.
WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!