Economic demands parliamentary Central Bank to delete zeros

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Demanded economic and investment commission parliamentary CBI, the need to delete the zeros from the currency, after the available floor exit of Iraq from Chapter VII.



The decision of the Kurdistan Alliance MP Mahma Khalil in a joint conference with members of the economy, investment and attended by the correspondent Agency for News News (et) on the central bank to start a restructuring of the currency being an issue purely economic, noting that the Iraqi economy is expected Mzaah we are out of Chapter VII level economy .



Khalil added that Iraq is not the only country that deletion of zeros from its currency Previously Turkey and Lebanon has succeeded stability of the economic situation altogether deleted zeros from their currency.



Khelil pointed out that the draft delete the zeros Old and the objections of the Central Bank and the Iraqi government demanded wait while providing an appropriate time and after coming out of Chapter VII Sagttaat of all justifications for the implementation of this project.



And between Khalil said the Iraqi constitution between the need to change and delete currency are required by the economic situation of the country, and for the benefit of the Iraqi people, calling on the parliament and the government to support the identity of the country's economic, expected to be budget next see an increase and prosperity after the entry of investment companies to Iraq. "




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[ltr]Economic parliamentary calls for the central bank to delete zeros from the currency[/ltr]

[ltr] BAGHDAD - Awan[/ltr]
[ltr]Demanded economic and investment commission parliamentary CBI, the need to delete the zeros from the currency, after the available floor exit of Iraq from Chapter VII.[/ltr]
[ltr]The MP said Mahma Khalil in a joint conference with members of the Committee on Economy and Investment attended by "Awan", "the central bank to start a restructuring of the currency being an issue purely economic," noting that "the Iraqi economy is expected advantages we are out of Chapter VII at the economy."[/ltr]
[ltr]Khalil added that "Iraq is not the only country that deletion of zeros from its currency Previously got Turkey and Lebanon to stabilize the economic situation while deleted zeroes from their currency."[/ltr]
[ltr]Khalil pointed out that "the draft delete the zeros Old and the central bank and the Iraqi government to wait for students while providing an appropriate time," explaining that "after coming out of Chapter VII fell every justification to refrain from the implementation of this project."[/ltr]
[ltr]Khalil between that "the Iraqi constitution emphasizes the need to change the currency as required by the economic situation of the country, and for the benefit of the Iraqi people," and urged parliament and the government to "support the country's economic identity."[/ltr]
[ltr]He predicted that "the next witness budgets increase and more prosperous after the entry of investment companies to Iraq."[/ltr]


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Economic demands parliamentary Central Bank "speed up" the process of deletion of zeros from the currency to keep it

[ltr] Author: MK
Editor: AJ, HH
06/07/2013 13:24 [/ltr]


[ltr]Range Press / Baghdad




Asked the Economic Committee in the House of Representatives, on Saturday, the central bank to "speed up" the process of deletion of zeros from the Iraqi currency in order to maintain them, and confirmed that it is not in the interest of Iraq, the survival of its currency with so much and irregularly, as pointed out that the deletion process will increase the value of the Iraqi dinar and reduce unemployment and poverty.


The decision of the Economic Commission Mahma Khalil during a press conference held by the Committee parliament building, and attended (Long Press), said that the Committee "demanded the CBI to speed up the process of deletion of zeros from the Iraqi currency, especially after the withdrawal of Iraq from Chapter VII and to preserve the Iraqi currency," noting that "the Iraqi government demanded earlier to slow down the process of deletion of zeros did not reject the project."


Khalil added that it "is not in the interest of Iraq to be its currency are so irregular."


For his part, member of the Committee MP Abdul Salam al-Maliki, said that "after the withdrawal of Iraq from Chapter VII expect soon to head the government for approval on the process of deletion of zeros from the currency," he said, calling on the government to "take urgent steps in this direction."


Maliki said that "the Commission will conduct economic correspondences with the competent authorities on this matter," noting that "the process of deleting the zeros increase the value of the Iraqi dinar and will be reflected positively on the issue of reducing the rate of unemployment and poverty."


The CBI said, in (25 April 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying reports that in this regard.


It is noteworthy that the General Secretariat of the Council of Ministers announced in (12 April 2012), the patient in the application process to delete the zeros from the national currency, which had to stop all actions related to the mentioned process until further notice.


It is noteworthy that some economists believe that Iraq is not ready at the present time to delete the zeros from the dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability.

 Was the Iraqi Central Bank confirmed, (on July 3, 2013) that Iraq is "in control of the funds and treasury of gold "in international banks, one of the acting out, denying" the existence of frozen funds outside the control of the Iraqi administration, "While revealed that the reserve bank amounted to 76 billion dollars in the month of May last year, counting out of Chapter VII that" will allow Iraq more freedom to act to attract foreign investment. "


The International Monetary Fund, announced in the (March 23, 2013), that the funds preventive in the Development Fund for Iraq rose in 2012 to $ 18 billion, and cash reserves of the Central Bank of hard currency to $ 70 billion, and pointed out that this increase came from "revenue unexpected oil ", called on the Iraqi government to end the control of the state-owned banks on the banking sector, he stressed the need for Iraq to strengthen public financial institutions to ensure efficiency and transparency in the use of oil revenues.


They expected USAID, in (December 3, 2012) that leads the Iraqi economy, Arab countries within five years, stressing that Iraq possessed all the qualifications to be a powerful country economically. Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry especially oil, including housing and oil and gas extraction, for need of funds for infrastructure development and reconstruction, but Mariqben contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees for investors and the absence of other laws that are still obstacles to the development of the economy in the form required.


Iraq relies which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about two million and 900 thousand barrels per day, while the issue up to two million and 200 thousand barrels per day.


The UN Security Council voted on Thursday (27 June 2013), unanimously approved the decision to remove Iraq from Chapter VII, after more than two decades of sanctions imposed whereby in the wake of the former regime's invasion of Kuwait on the second of August 1990.[/ltr]

 


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[ltr]Economic parliamentary demanding implementation of the project to delete the zeros from the currency to raise the economic level[/ltr]

	06/07/2013 - 13:53

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		[ltr]Alsumaria News / Baghdad Demanded economic and investment commission parliamentary CBI, Saturday, need to begin the process of deletion of zeros from the currency to raise the economic level, arguing that Iraq is ready for this after his release from Chapter VII. A member of the Committee Deputy Mahma Khalil during a joint press conference with members of the Committee on the economy and investment, in the parliament building attended by "Alsumaria News", "on the central bank to start a restructuring of the currency and the implementation of the process of deleting the zeros of them being an issue purely economic," noting that "the Iraqi economy expected advantages we are out of Chapter VII on the economic level. " Khalil added that "the project to delete the zeros Old and the objections of the central bank and the government has demanded to wait until the provision of appropriate time and after coming out of Chapter VII fell every reason not to implement this project," adding that "Iraq is not the only country that deletion of zeros from its currency Previously, Turkey was Lebanon has succeeded to the stability of the economic situation while deleted zeroes from their currency. " The Khalil that "the Iraqi constitution shows the need to change and delete currency are required by the economic situation of the country and for the benefit of the Iraqi people," and urged parliament and the government to "support the identity of the country's economic and witness budgets next increase and prosperity after the entry of investment companies to Iraq." Moreover, he criticized the MP Abdul Hussein Abtan "survival of the zeros of the Iraqi currency," stressing, saying "it is not reasonable to have the Iraqi Central Bank reserves and $ 76 billion so far are dealing in thousands." For his part, member of the Committee MP Abdul Salam al-Maliki, during the conference, that "the Commission will take steps in this direction, make correspondences and appeals to those responsible for the deletion of zeros." The Central Bank of Iraq, confirmed Thursday (25 April 2013), that there is no intention at this time to restructure the currency and deleting three zeros of them, denying reports that in this regard. It is noteworthy that the General Secretariat of the Council of Ministers announced in (12 April 2012), the patient in the application process to delete the zeros from the national currency, which had to stop all actions related to the mentioned process until further notice. The UN Security Council voted in (June 27, 2013), unanimously approved the decision to remove Iraq from Chapter VII, in the presence of Iraqi Foreign Minister Hoshyar Zebari, the State of Kuwait confirmed, a day after the resolution, that Iraq did not come entirely from the provisions of Chapter VII, pointing out that the file of compensation owed by Iraq is still under Chapter. http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.4.hathalyoum.net/iraqnews.php%3Faction%3Dsit%26cd%3D2%26sid%3D246933&usg=ALkJrhjPmY4YQcq5MDp0BlFCgFi38MwnQw[/ltr]

[ltr]House of Representatives calls for the central bank officially delete the zeros from the Iraqi currency[/ltr]
[ltr]Saturday, July 6, 2013 14:03  [/ltr]
[ltr]Twilight News / Committee demanded parliamentary economy and investment, on Saturday, the CBI need to delete the zeros from the currency, indicating that this ground for this action are available exit of Iraq from Chapter VII.



A member of the Committee on the economy and investment Mahma Khalil told a news conference attended by the Committee "Twilight News", "on the central bank to start a restructuring of the currency being a purely economic issue, and that the Iraqi economy is expected to benefit from the advantages we are out of Chapter VII."


He added that "Iraq is not the only country that deletion of zeros from its currency, Previously Turkey and Lebanon have succeeded to the stability of the economic situation when he slashed zeros from their currencies."


Khalil pointed out that "the draft delete the zeros Old, and demanded by the central bank, but the Iraqi government demanded to wait until the time-saving manner, and after coming out of Chapter VII fell all the justifications for the implementation of this project."


He said the "Iraqi constitution between the need to change and delete the zeros from the currency as required by the economic situation of the country, and for the benefit of the Iraqi people."


For his part, criticized the committee member MP Abdul Hussein Abtan "survival of zeros in   Iraqi currency. "


He explained, "is not reasonable to have the Iraqi Central Bank reserves and $ 76 billion so far to deal thousands."


The CBI said, earlier, that the year 2013 will see the deletion of zeros and the currency exchange, and pointed out that the current currency formed a cluster of large cash estimated at 30 trillion dinars.


He pointed out that the central bank strategy of deleting three zeros and the currency exchange will be at the beginning of a new year and a new budget of the Iraqi state, and predicted that the currency is altered in the new fiscal year for 2013.


Economists see specialists that changing the Central Bank Governor Sinan Shabibi and his deputy, the appearance of Mohammed Saleh and a number of bank officials and bring them to justice on charges of mismanagement and corruption impact negatively on the project to change the currency and raise zeros.




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[ltr]Mahma Khalil calls for central bank currency restructuring project[/ltr]

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06/07/2013 17:07:00

[ltr]Print[/ltr]
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Mahma Khalil
Called for the economy and investment committee representative of the Iraqi Central Bank, the need to delete the zeros from the Iraqi currency after there is a suitable ground and out of Iraq from Chapter VII, and its economy is expected benefits and results of salvation from the penalty Security Council imposed on him previously.
This came on the tongue of the Commission's decision MP Mahma Khalil during a conference held on Saturday, in the presence of members of the Committee on the economy and investment that the central bank to start a restructuring of the currency being a purely economic issue.
He added MP Khalil said the Iraqi constitution between the need to change and delete currency are required by the economic situation of the country, and the public benefit, calling the parliament and the government to support the identity of the country's economic, expecting to see budgets next increase and prosperity after the entry of investment companies to Iraq, noting that Iraq is not the only country the deletion of zeros from its currency Vsbaktna countries, for example, Turkey and Lebanon has succeeded to the stability of the economic situation when deleted the zeros from their currency.
Attorney Khalil noted that the draft delete the zeros Old and the objections of the Central Bank and the Iraqi government demanded wait while providing an appropriate time and after coming out of Chapter VII all justifications and arguments over the implementation of this project.
And, in turn, criticized member Committee Alaguetasidih the MP Abdul Hussein Abtan delay in the implementation of the said project and the survival of the zeros of the Iraqi currency and is not reasonable to have reserves of the Central Bank of Iraq and $ 76 billion to now dealing in the thousands.
It is worth mentioning was the Iraqi Central Bank said in August / last August that he plans to delete the zeros from the Iraqi dinar to facilitate financial transactions carried out through cash in most cases.
Among the difficulties faced by Iraq if they wanted to embark on the deletion of zeros from the dinar is pulling about 30 trillion dinars in circulation in the Iraqi market now, then get rid of them and replace them with a new currency.
PUKmedia Laila Al Shammari / Baghdad[/ltr]

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Economic demands parliamentary Central Bank to delete zeros

 Author: bian1 on: Saturday 06/07/2013 12:55 PM


 Source: Baghdad 5



BAGHDAD / WAP / demanded economic and investment commission parliamentary CBI, the need to delete the zeros from the currency, after the available floor exit of Iraq from Chapter VII.

The MP said Mahma Khalil in a joint conference with the members of the Committee on the economy and investment MPs Abdul Hussein Abtan and Abdul Salam al-Maliki and attended by the correspondent of the News Agency Baghdad International / WAP / "on the central bank to start a restructuring of the currency being an issue purely economic, noting that the Iraqi economy is expected Mzaah we are out Chapter VII of the economy level. "
Khelil said that "Iraq is not the only country that deletion of zeros from its currency Previously Turkey and Lebanon has succeeded stability of the economic situation altogether deleted zeros from their currency."
He pointed out, "Khalil said the draft delete the zeros Old and the objections of the Central Bank and the Iraqi government demanded wait while providing an appropriate time and after coming out of Chapter VII Sagttaat of all justifications for the implementation of this project."
And between Khalil, "The Iraqi constitution between the need to change and delete currency are required by the economic situation of the country, and for the benefit of the Iraqi people," and urged "the parliament and the government to support the identity of the country's economic, expected to be budget next see an increase and prosperity after the entry of investment companies to Iraq." / ended


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