Expert: Project must be careful to delete the zeros to avoid the possible collapse of the national currency when applied

Dated: 7/28/2012 12:17:56 Saturday



Baghdad (news) .. Warned of the economic news reconcile inhibitor, from the possible collapse of the national currency applying the project to delete the three zeroes from the currency, calling for an economic feasibility study for the project before its implementation.

The inhibitor (of the Agency news) on Saturday: The project to restructure the local currency by deleting the three zeroes of which needs to be enough time for discussion by experts and specialists, study in detail to see the results of negative and positive and the extent of its importance to the economy and its impact on the national currency.

He suggested: Launch of the new currency along with the old currency for a period of not less than (10) years so as not to cause damage to the economy or a breach in the market, noting that Turkey fought experience and has seen an economic crisis as a result of launching a new currency for once with the withdrawal of the entire currency of the old.

He added, must be careful before implementing the project to delete the zeros because a large project concerns the general public and its effects directly on the economy, whether positive or negative, calling for development of good mechanism to be applied to prevent the occurrence of probably cause in which a collapse of the local currency, a public placement, fraud, or something like that.

The central bank announced earlier in the year 2013 will see the deletion of zeros and switch the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.

He demanded the prime minister's central bank to wait to draft the three zeroes deleted from the local currency, saying he was a big project and needs to be enough time to apply. / Finished / 8. D. Q /


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