##### Bayati: the central bank is not technically ready for the implementation of the project to delete the three zeroes from the currency

This article is making me go hhhhmmmm!
For the reason I am saying this is that Kuwait said the same thing when when the value started coming back, and germany said the same thing too when they came out with their new currency!




23-05-2013 05:00 AM


Baghdad (news) .. Warned a member of the Finance Committee MP / coalition in Iraq / Hassan Auzmn al-Bayati, the central bank of the implementation of the project to delete the three zeroes from the national currency during the period that the current economic situation in the country is poised to implement the project.

Bayati said (of the Agency news): The Central Bank of Iraq is not ready technically and technical assistance for the implementation of monetary reform project of the national currency by deleting three zeros of them, but could not face mafias fraud that may appear when the implementation of the project.

He added: economic and political situations do not help to implement the so large and strategic projects in the country of interest to the economy and the national currency, pointing out that its implementation during the current period will lead to confusion in the market and therefore will have a negative impact on the Iraqi economy.

The parliamentary economic committee suggested that the date of implementation of the project to delete the three zeroes from the currency at the beginning of next year.


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