Mahma Khalil: the application of the deletion of zeros from the currency is necessary because the public budget will reach (200) billion dollars in 2015

I am not liking this, but if it is so, I guess we will have to accept it!



Date: 22/09/2012 05:53:44 Saturday



Baghdad (news) .. called decision Economic Committee MP / coalition of Kurdish blocs / Mahma Khalil, to the need to apply the project to delete the three zeroes from the currency during the next two years to reduce the money supply and to facilitate financial players in the counting and counting budgets coming, likely that reaches the general budget to (200) billion dollars in the year (2015).

Khalil said (of the Agency news): The restructuring of the Iraqi currency by deleting three zeros is necessary for the local currency due to the presence of a cluster of large cash in the market, it must implement the project within the next two years.

He added: Budgets Iraqi Finance will increase gradually over the coming years and will reach (200) billion dollars, up more than (240) trillion Iraqi dinars These require deleting three zeroes from the currency in order to facilitate the work of the Ministry of Finance and the relevant committees budget that is money and Ihsoua more accuracy and clarity .


He pointed out: that the Iraqi constitution gave the authority of the Central Bank in the currency change and restructuring For the central bank accelerates the implementation of the project is not in the next year, but must be at the beginning of the year (2014). / End / 8.


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