Appendix: the time is not suitable for the deletion of zeros due to rising inflation

25-08-2013 11:52 AM

Baghdad (news) .. He competent economic affairs on behalf of Abdul Hadi, said the time is not right for the project to delete the zeros from the currency because of high rates of inflation in Iraq.


Abdul Hadi said (of the Agency news): that the central bank is the one who determines the time for the process to delete the zeros and that need to be determinants and data bank deals with the high level of transparency.


He added: that the time is not suitable for the process of deletion of zeros, because the process of inflation continues to rise in Iraq, despite that these percentages are not large, indicating that the deletion process needed to stabilize the Iraqi currency in order to facilitate the citizen.



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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Here is the chart for the inflation rate for Iraq for July of 2013



http://www.tradingeconomics.com/iraq/inflation-cpi