Abtan: You must delete the zeros early 2013 and postponed to 2014 is incorrect

2012-10-06 06:05:25


BAGHDAD (Iba) .. A member of the Economic Committee MP Abdul Hussein Abtan, the Iraqi market needs to project the deletion of zeros from the Iraqi currency early (2013) to save the country from greater economic inflation, stressing: that the postponement of the project (2014) will hurt the country's economy.

Said Abtan told the independent press (Iba): It is necessary to move from currency zeros that increase of the mass of financial and makes them an easy way to steal and loss to currency more sophisticated, adding: that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving day after day.

He added: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.

He explained: that inflation is increasing continuously in Iraq because of the increased money supply for the lack of scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of materials and goods to Iraq. (End)


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A member of the Economic Committee: deletion of zeros from the currency will strengthen security and absorbs high inflation
Date: 06/10/2012 10:29:54 Saturday



Baghdad (news) .. He noted a member of the Economic Committee MP / National Alliance / Abdul Hussein Abtan, the Iraqi market need to project the deletion of zeros from the currency in early 2013 to save the country from high inflation.


Abtan said (of the Agency news) on Saturday: The local market is an urgent need to delete the zeros from the currency, which works to raise inflation rates and increasing the money supply if left zeros for the year 2014, stressing: that postponing the project would damage the national economy.

He added: It is necessary to move from one currency zeros that increase financial bloc and make them an easy way to theft and loss to a more sophisticated currency, he said, adding that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving.

Abtan continued: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.

Said: that inflation is on the increase, as a result of increasing the money supply for the scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of goods to Iraq.


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