Economic demands parliamentary Central Bank "speed up" the process of deletion of zeros

07/07/2013 (00:01 pm) 







[ltr] Baghdad / Press-term

Asked the Economic Committee in the House of Representatives, yesterday, 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 dinar Iraqi 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 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 security and political stability as well as economic stability.

The CBI confirmed, (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, counting out of Chapter VII that "will allow Iraq to act more freedom to attract foreign investment."




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