***** Concerns behind the postponement of the project to delete the zeros from currency

04/22/2014


He attributed the members of the Committee on Economy and Investment House of Representatives to postpone the project to delete the zeros from the currency until another slogan to the concerns expressed by the Iraqi government of the possibility for fraud and money laundering to accompany the implementation of the project.

A member of the Committee Deputy Qusay al-Abadi in an interview with Radio Free Iraq that the CBI had expressed readiness over a year ago to launch a project to delete the zeros from the currency, especially with the lack of legal barriers to this matter is that the government's concerns have prevented the implementation of the project.

For its part, said Committee member Rep. Najeebeh Najib said lack of readiness of the government to implement this project is what caused the deferral, noting that the project to delete the zeros from the currency needs to unite all the authorities to make it a success.

However, the economic expert Thamer Alheimus criticized the postponement of the project to delete the zeros from the currency, stressing the need for Iraq to the process of administrative reform of the currency cash, and that the project to delete the zeros step of the reform process this, which will reduce the cost of cash transactions within the economic process, in addition to providing classes small cash Government cash for everyday citizen.


http://www.iraqhurr.org/content/article/25358318.html