Najiba Najib: unite the executive and legislative branches will contribute to the success of the project to restructure the Iraqi currency

Author: bian2 on: Sun 07/07/2013 03:03 pm








BAGHDAD / WAP / stressed member of the Finance Committee MP Najiba Najib, the need to unite the executive and legislative branches for the success of the restructuring process of the Iraqi currency.

Said Najib in a statement to the news agency Baghdad International / WAP / Sunday, said that "security conditions and the political and economic situation is not encouraging for the start of the restructuring of the Iraqi currency and delete Asfarha three, tight, the coming together of executive and legislative powers to the success of a project to replace the Iraqi currency."

Najib pointed out that "the Central Bank expressed its willingness to restructure the currency, but the security and political conditions and the fluctuation of the exchange rate of the Iraqi dinar has prevented the implementation of the project, indicating that" the project needs the support of government and the coming together of all stakeholders for the success of the process. "

She is a member of the Finance Committee that "the process of restructuring the currency delete Asfarha the three has become necessary to reduce the money supply and reduce the rate of inflation in the country."

The central bank is preparing for the implementation of the project to delete the three zeroes from the national currency after the completion of all procedures related to the project, but so far no date has been set for its application due to calls from some officials to postpone it.


He also called the prime minister's central bank to wait to draft delete the three zeroes from the local currency, stressing that a large project and needs to be enough time to apply.



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