Parliamentary Economic Commission: Do not delay behind the deletion of zeros stability

11:20: 05/10/2015


Khandan - announced the parliamentary Economic Committee, that the instability of economic policy in the country, the most prominent factors behind postpone the implementation of the project to delete the zeros of the currency, saying that the central bank alone can not accomplish this important project without the support of the government.

Said committee member Nora Albjara, "The government has completed all the mechanisms relating to the draft deletion of zeros from the currency since the year 2013 and was able to complete the project within the required specifications," noting that "no project application came for political and economic reasons."

He confirmed Albjara to the newspaper "Al-Sabah" that "the most appropriate time that it was possible to implement the project to delete the zeros of the currency is the year 2012 because of the unstable political and economic climate and because of the high oil prices, as well as financial abundance at the time that allowed the state to start deleting zeros currency".

She was a member of the Economic Commission for regret "for not cabinet vote on the project at the time, which caused the loss of an opportunity to achieve financial stability and to avoid the effects of high oil prices."

And showed Albjara, that the project application now it's difficult in the absence of opportunities for political, economic and security stability, noting that "the government has reached the vessels solutions to address the significant cluster of cash so it resorted to issuing currency category 50 000 dinars to absorb inflation, which will be issued effectively during the few months the next, "adding that the new currency comes within international standards."


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