Central Bank: Delete the zeros from the currency is linked to the stability of the political and economic situation

02/05/2014 12:04

Tomorrow's Press / BAGHDAD: The governor of the Central Bank and the Agency Abdel Basset Turki, said Friday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard.

He said Turkish for "tomorrow's Press," "The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country."

He added that "the implementation of such a project needs to arrange all the accounts and records of the Iraqi state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market where traders of manipulation."

Turki said that "talk is not only about the lifting of the zeroes where the currency change will rearrange the entire government records and change the accounts that deal with public spending," denying "the issuance of any new resolution from the central bank regarding the deletion of zeros from the currency."



Referred to as the central bank denied the earlier direct project restructuring of the Iraqi currency next year and delete the zeros of the three of them, because this time is appropriate, indicating that the project is implemented through coordination with the Iraqi government and its relevant institutions.


http://alghadpress.com/ar/news/13263/البنك-المركزي-حذف-الاصفار-من-العملة




http://alghadpress.com/ar/news/13263/البنك-المركزي-حذف-الاصفار-من-العملة

Central Bank: the deletion of zeros is linked to the stability of the political and economic situation

BAGHDAD / newspaper rectitude - The governor of the Central Bank and the Agency Abdel Basset Turki, said Friday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard.

Turki said in a statement that "the central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country."

He added that "the implementation of such a project needs to arrange all the accounts and records of the Iraqi state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market where traders of manipulation."

Turki said that "talk is not only about the lifting of the zeroes where the currency change will rearrange the entire government records and change the accounts that deal with public spending," denying "the issuance of any new resolution from the central bank regarding the deletion of zeros from the currency."

Referred to as the "central bank denied earlier draft of direct restructuring of the Iraqi currency next year and delete the zeros of the three of them, because this time is appropriate, indicating that the project is implemented through coordination with the Iraqi government and its relevant institutions.


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Iraq: raise zeros from the Iraqi currency depends on the political and economic situation
May 2, 2014 17:57 Last Updated: May 2, 2014 17:57
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Iraq: raise zeros from the Iraqi currency depends on the political and economic situation

The governor of the Central Bank and the Agency Abdel Basset Turki, said Friday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard. Said Turki said in a statement that "the central bank will begin without frequency of application of the project raise zeros from the local currency in case settled political and economic situation of the country. "according to the newspaper uprightness

He added that "the implementation of such a project needs to arrange all the accounts and records of the Iraqi state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market from manipulation of traders in it." Said Turki that "talk is not only about the lifting of the zeroes That's where change currency will rearrange government records completely change the accounts that deal with public spending, "denying" the issuance of any new resolution from the central bank regarding the deletion of zeros from the currency. "referred to as the" central bank denied the earlier direct project restructuring Currency Iraq next year and delete the zeros of the three of them, because this time is appropriate, indicating that the project is implemented through coordination with the Iraqi government and its relevant institutions.

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Central Bank: the deletion of zeros is linked to the stability of the political and economic situation


Stability of the Political = Elections

Economic Situation = 2014 Budget


IMO