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***** Finance Committee: the ground is still not ready to delete the zeros from the currency

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*****  Finance Committee: the ground is still not ready to delete the zeros from the currency Empty ***** Finance Committee: the ground is still not ready to delete the zeros from the currency

Post  Admin Tue Nov 19, 2013 6:47 am

Posted 18/11/2013 05:03 PM


Baghdad / Mashreq follow: Member of the Finance Committee confirmed the parliamentary Najiba Najib ground was still unprepared the current time to delete the zeros from the Iraqi currency.

Najib said in a press statement that all necessary precautions must be taken into consideration when you delete the zeros from the currency.

Without that this project will fail, "indicating:" Iraq needs two years to start this step because the project needs to be economic and social measures and security when you start to implement it.

" She added: "that Iraq did not possess coins small Kalamlat metal, not coins large class $ 100.



This is what makes foreign companies prefer to deal in foreign currencies because of the ease of handling them, which makes the Iraqi dinar is weak."

And showed "that the issue of deletion of zeros from the currency must taught that a good study by the Central Bank, in addition to helping the government and parliament.

This requires legislation law determines the purchasing power of the dinar, "noting:" The deletion of zeros from the currency needs to be awareness by all forms of media, and expand the circle of exchange old El Jadida When you do delete the zeros, and the emphasis on the process of destroying old currency.



"The central bank denied yesterday informed the Finance Committee parliamentary direct delete the zeros from the currency early next year., and the central bank said in a press statement that "some of the media picked up a permit to one of Representatives expressed" that the central bank will begin a project to restructure the Iraqi currency and deleting three zeros them in the next year " , noting that this project is Matrouh at the moment.

The controversy revolves around the project to delete the zeros from the Iraqi currency, and varied views on the feasibility of the project and its costs, and economic and social problems that may ensue.

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