*****Parliament exclude financial deletion of zeros currency next year

11/20/2013 12:00 AM

BAGHDAD - Shaima Rashid

Finance Committee ruled that the project is implemented to delete the zeros from the national currency in April next , especially since the central bank did not announce its readiness to this topic yet .

This comes at a time when economic sources revealed the presence lingered by the prime minister in this regard.

Member of the Finance Committee in the House of Representatives Najiba Najib , threw the ball in the court of the Central Bank , saying " that the central bank is not yet ready to delete the zeros from the currency ," he pointed out that the decision to Aa_khas just one hand .

Najib noted in her statement the "morning" that the Finance Committee did not reach this issue throughout the year , as the central bank did not draw any book in this regard.

It showed that the process of deletion of zeros and determine the structure need to unite all legislative and Altiveh authorities , stressing need for this matter to the study of a serious process .

She Najib said the "Select currency has become today's necessity, in the presence of a large budget for the country, what I lose Currency small amount ," emphasizing the need to find coins of different classes working on moving the economy for the better.

 She said "the central bank had been suffering from problematic in a year Previous represented change ادراته that put its priorities in support of the Iraqi dinar against the currency . " , it ruled Committee member Abdul Hussein al-Yasiri delete the three zeroes from the national currency during the next year , indicating that the current administration of the central bank believes the time is not suitable for the implementation of this project .

Yasiri said in a statement the " Agency news ", that of its parliamentary When I asked the previous administration of the Central Bank from the date the application of the project to delete the three zeroes , answered that the year 2013 will see the completion of all the procedures for the project Kalag with companies that printed currency and others, also confirmed that the 2014 will see the application .

However, " the current administration , but the central bank confirmed that the time is not suitable for the implementation of the project in 2014 , attributed it to the presence of conditions prevent the bank from the implementation of the project over the next year ."

The MP noted that some of the media story that quoted that the central bank told the Finance Committee that the implementation of the project will be the beginning of 2014 , while this news baseless , calling on the media to be accurate and careful in spreading the news .


It is said that the news spread from the fact that the central bank told the parliamentary Finance Committee on the date of application project to delete the three zeroes early next year, to the surprise of the current administration of the Bank and the parliamentary Finance Committee .


As for the economic stakeholders , has revealed an economic advisor in the prime minister Abdul Hussein Al - Anbuge , lingered Council in this action and deported to notice until the availability of appropriate conditions for its application.

He said Anbuge in connection with the "morning", that " appropriate conditions for deleting the currency is not available yet , especially since the issue of the deletion of zeros not a key topic in economic reform will not provide or delay anything in the macroeconomic variables of the country ."

He believed that the deletion of zeros will not help to strengthen the currency , stressing that what strengthens the good economic performance and strong gross domestic product ( GDP ) and cover the arbitrator of the coin, noting that all these things are linked to inflation and has no relationship with zeros currency.


http://www.alsabaah.iq/ArticleShow.aspx?ID=58646

Parliament exclude financial deletion of zeros currency next year
   

11/20/2013 12:00 AM

BAGHDAD - Shaima Rashid
Confirmed the Finance Committee in the House of Representatives that the implementation of the project to delete the zeros from the currency Pat is not possible during the next year , especially since the central bank is not ready for this thing and left his efforts during this year to support the Iraqi dinar against international currencies.

 At this point, revealed economic adviser in the Prime Minister More lingered presidency in this matter until the availability of appropriate conditions. member of the Finance Committee Najiba Najib , threw the ball in the court of the Central Bank , saying « that the central bank is not yet ready to delete the zeros from the currency » , also indicated that this decision does not belong to just one hand .

 Najib noted in its statement » Sabah » that the Finance Committee did not reach this issue throughout the year, as the central bank did not draw any book in this regard.


http://www.alsabaah.iq/ArticleShow.aspx?ID=58656