Parliamentary Finance: Central Bank lingered process of deletion of zeros from the Iraqi currency

Parliamentary Finance: Central Bank lingered process of deletion of zeros from t
« on: Today at 08:15:44 AM »

BAGHDAD - babysit - A member of the Finance Committee MP Abdul-Hussein al-Yasiri, the central bank lingered cause the deletion of zeros from the Iraqi currency, the large number of economists objections to this project.

Yasiri said in a press statement: The deadline for the deletion of zeros from the Iraqi currency was agreed upon at the beginning (2013), except that the central bank declined to process an unknown time because of objections by some economists of a possible collapse in the national currency.

He added: stop media campaign regarding the removal of zeros to make the central bank to take the position of silence about the process, calling for the central government and the Ministry of Finance and the Central Bank to take a final position of the process of deletion of zeros and determine given time to replace the currency to reduce fraud that has spread dramatically.

And confirmed: that the deletion of zeros from the currency will reduce the money supply and prevent Iraq from a country with a density and mass of large cash transactions to a mass market more credit and smaller ... p / i


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