***** Announces the postponement of the parliamentary Economic implement raise zeros from the currency to the next parliamentary session

[ltr]Tuesday, 10 January 1 / December 2013 07:38[/ltr]
[ltr]



Announced the parliamentary Economic Committee, the central bank to postpone the project raise zeros from the Iraqi currency to the next parliamentary session.


Committee member, said the MP for the Kurdistan Alliance, Najiba Najib, told all of Iraq [where], "The project to delete the zeros feet of the previous administration of the Central Bank at the time of any Bank Governor Sinan al-Shabibi the past."


She added: "There were preparations and preparations by the administration about thatRestructuring CurrencyIraq, including the deletion of zeros, and they have good steps taken by them on this issue and were waiting for government approval to start the project. "


Najib explained that "the new administration of the Central Bank, which is headed by Abdel Basset Turkish agency has other plans and procedures," indicating that they are "looking at the project raise zeros that he is not in too early."

And saw an MP for the Kurdistan Alliance, the deletion of zeros as a "necessity" because the figures in the current difficult currency counted,But it remains the central bank is the owner of the decision to choose the time of implementation of this project. "


She Najeebeh the belief that "near the parliamentary elections to make the central bank thinks postponing the implementation of the deletion of zeros Or restructure the currency beyond the elections and the formation of a new government. "






http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.alliraqnews.com/2011-11-25-02-00-52/110858-2013-12-09-16-58-41.html&usg=ALkJrhiQ9-21ELuwaobWL_5BYGPUoCdjCQ
[/ltr]

[ltr]Economists: the present time is not suitable to replace the Iraqi currency[/ltr]
[ltr]


Citizen _ dreams Frejee 

After preparations long it took 5 years for the process to delete the zeros and replace the Iraqi currency came today to announce the central bank to stop these measures and postponed to another slogan for many reasons hindered the march of the central bank in the removal of three zeroes, bankers said (citizen) .. that the present time is not suitable to replace currency and favored the postponement of the project to the time of the restoration of security in Iraq.
He said economic expert and academic at the University of Mustansiriya Abdul Rahman Karim al-Tai (citizen) .. "The present time is not suitable to replace the currency and postponed the idea is a good idea." 

He said al-Tai "There is not any question of economic feasibility of removing the yellowing of the currency in light of the survival rates unchanged, indicating that the" re-printed paper currency and the new currency drain the old machines and need to print new equipment and expensive. " 

He explained that the situation in Iraq was today, both economic and security is stable and therefore there are concerns too big of a shrinking currency may suggest to savers increase the value of their currency and thus went savers to banks in order to pull Mbalghm cash saved in banks and this would be confusing banking business in Iraq and which is characterized by the fact that the sector Almervi Iraqi Almtlki sector. 

He went on to say that "the preparation of five-year plans must take into consideration the issue of deletion of zeros, especially that the Ministry of Planning prepared a five-year plan for 2017, especially as the investment projects large part of which has been forwarded to foreign companies has been agreed with the existing currency, not the currency futures (currency zeroes deleted) Thus, there is confusion for foreign invested companies after the re agreement with respect to the new currency. 

As a member of the Finance Committee, said MP Najiba Najib, (citizen) .. "The central bank in charge of the process of deletion of zeros and the replacement of the currency, but the reluctance of the currency led to a delay in the project." 

Najib added that "the issue of time is important, but what is important is that all actions in the central bank appeared to be ready for the project and all the conditions are ripe for him to not encounter obstacles and vibration in the market." 

She said, "take the necessary measures to precautions taken to ensure the success of the project will be subject in all provinces and must be public awareness, if not take these measures Time is not suitable for this project." 

It is noteworthy that the central bank announced disable the project to delete the three zeroes and replacing the currency being the Arbakan the Iraqi market. "




http://translate.google.com/translate?ei=uCAcT57JEeP0sQLv16DHCw&hl=en&prev=/search%3Fq%3Dalmowaten%2Bnews%26hl%3Den%26fhp%3D1%26rlz%3D1C1CHFX_enUS394US399%26biw%3D1024%26bih%3D653%26site%3Dwebhp%26prmd%3Dimvns&sl=ar&u=http://www.almowatennews.com/&sandbox=0&usg=ALkJrhgDD7z65eH8Fy437Axj-mLtu8A3EA
[/ltr]