Deputy: the application of the project to delete the three zeroes from the currency of no value benefit of the Iraqi dinar

03-09-2013 05:01 AM

Baghdad (news) .. Ruled out the Vice-Chairman of the Finance Committee MP / coalition of Kurdish blocs / Ahmed iceberg God, the value of the Iraqi dinar improved when applying the project to delete the three zeroes from the national currency.

He said Faizullah (of the Agency news): that the support of the national currency requires a local producer of goods and services, adding that Iraq lacks the presence of a product, industrial and national and relies on imports to meet the requirements of the Interior, but has cash reserves of hard currency Saft dinar became cover him .

He continued: Therefore, the application of the project to delete the three zeroes from the national currency, which calls him the central bank does not work for the Iraqi dinar, just change the currency format, urged not to implement the project at this time because it would disrupt the market of the Iraqi citizen.

It is noted that the CBI identified earlier in the beginning of this year will implement the project to delete the three zeroes from the national currency, but the Iraqi government demanded wait Bank implemented the project, fearing the emergence of counterfeit currency during the switching process.


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