Finance parliamentary: a more stable exchange rate and the date of the deletion of zeros related to the Central Bank

BAGHDAD - A citizen
Parliamentary Finance Committee confirmed "that the exchange rate of the dinar against the dollar is more stable than the former, while the promised date of the deletion of zeros from the Iraqi currency" something relates to "the central bank and the federal government.

A member of the Committee Secretary Bob "The central bank plan past distribution of hard currency to bank branches in the provinces, and therefore the Commission not reached any complaint in this regard."

The Secretary added that "the exchange rate of the dollar against the Iraqi dinar more stable than before, which in turn will encourage investment and economic activity." And a reference to "project the positives and negatives, but the positives of the project more than the disadvantages," he said.

The Committee on Economy and Investment has demanded parliamentary, last July, the Central Bank of Iraq need to delete the zeros from the currency, indicating that this ground of these procedures are available exit of Iraq from Chapter VII.

It is noteworthy that the Iraqi Central Bank began Consideration of an amendment groups dinar from, in 2010, as seen specialists economists that the change of former central bank governor Sinan al-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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