******************* Parliamentary Economy: delete the zeros need a safe environment and next year will see the issuance of a class of 100 thousand dinars

BAGHDAD / Ali Al-Shammari

A commission parliamentary economy, on Saturday, for the issuance of class 100 000 dinars cash currency early next year in order to market need to handle them, pointing out that legal action properly and in conformity with the laws of the central bank, while stressing specialists in economic affairs that the issuance of the big currencies, whether of class 50 100 000 dinars, or is part of a large project to restructure the Iraqi currency.

A member of the Parliamentary Commission of Economy Najiba Najib said in an interview to the "long" that there is a tendency to issue small groups also categories of 50 and 100 dinars.

And the project to delete the zeros Najib said "the Iraqi Central Bank completed confirmed in advance all the preparations for the project, indicating that" has been postponed due to the unstable security situation "in what it said that" the application of the project to delete the zeros needs to assign by the government and parliament to make it a success after the stabilization of the situation in the country because current ground is not suitable for the implementation of such a project. "

She said Najib that "the subject of deletion of zeros is linked to the security situation closely because it will include all banks operating in the country to receive the old currency and replaced by the new and the old collection and destruction of pointing out the difficulty of the success of that process in the provinces experiencing control Daash parts of them."

The central bank announced in the (November 11, 2015) for issuing a new banknote category of 50 thousand dinars, attributing this to the completion of the Iraqi Securities monetary structure and the development of high value in the trading category.

For his part, counting the economic expert on behalf of Anton in an interview with the "long" that the decision to delete the zeros of the Iraqi currency requires a political and security are conditions stable, stressing that "the change in the Iraqi Central Bank administration caused the postponement of this project," said Anton that "the issuance of categories large cash will reduce trading in foreign currency and facilitate the transfer of large sums of money from one place to another process. "

He explained that "the current currency consumed much of it because of dealing directly without relying on a Visa card as in most countries, and will facilitate the issuance of large currency from banks and companies work and reduces the number of the Trustees of the Fund."

He called Antoine "the central bank to explain the cause of the issuance of the large cash currency through educational seminars to prevent cases of concern in the Iraqi market and the fear of issuance because of the weakness of the culture of this topic", stressing that "the currency and medium of exchange nor a target and weaknesses and strength are linked to the country's economy."

Said the governor of the bank on the Keywords in the (3 March 2015) that the project to delete the zeros existing project has been put into practice and that it gave the green light to start with, "he said." The project needs a period of time may extend to two years or more. "


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