~~~~~ MP Najiba Najib: - the process of switching the currency when you delete the three zeroes which do not need to legislate law

PostDateIcon Friday, 03 May / June 2013 08:50

{Baghdad Ambassador: News}

Said a member of the Finance Committee MP / coalition of Kurdish blocs / Najeebeh Najib, that the process of switching the national currency when deleting three zeros which does not need to legislate law by the House of Representatives, but the instructions issued by the Central Bank.

Said Najib in a statement received Ambassador News a copy of it on Friday: The Law of the Central Bank allowed the Bank of validity of the currency exchange and restructuring, so the project to delete the three zeroes tubeless for the enactment of the House of Representatives, but the controls serve as legislation to regulate the process of replacing the currency.

She added: There is a problem may occur when the implementation of the project, which is the issue of indebtedness among citizens, indicating, for example, when you borrow a person million dinars Upon implementation of the project will become a thousand dinars, in the case of recovery of debt would anger the citizen creditor, so that this issue needs to legislation while The project fully tubeless law.

He called a number of deputies and economic experts to the need for legislation law that regulates the process of replacing the currency when you delete the three zeroes, as well as the process of destroying old currency


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Parliamentary: the process of switching the currency when you delete the three zeroes which do not need to legislate law



03-05-2013 07:26 AM


Baghdad (news) .. Said a member of the Finance Committee MP / coalition of Kurdish blocs / Najeebeh Najib, that the process of switching the national currency when deleting three zeros which does not need to legislate law by the House of Representatives, but the instructions issued by the Central Bank.

Said Najib (of the Agency news): The Law of the Central Bank allowed the Bank of validity of the currency exchange and restructuring, so the project to delete the three zeroes tubeless for the enactment of the House of Representatives, but the controls serve as legislation to regulate the process of replacing the currency.

She added: There is a problem may occur when the implementation of the project, which is the issue of indebtedness among citizens, indicating, for example, when you borrow a person million dinars Upon implementation of the project will become a thousand dinars, in the case of recovery of debt would anger the citizen creditor, so that this issue needs to legislation while The project fully tubeless law.

He called a number of deputies and economic experts to the need for legislation law that regulates the process of replacing the currency when you delete the three zeroes, as well as the process of destroying old currency.


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