Government calls for the patient to remove zeros of the national currency

05/07/2012 14:36:00


The independent Iraqi news agency / Baghdad / follow-up.

Called on the Secretariat of the Council of Ministers Not to rush in the case of deletion of zeros from the currency and change, arguing that the mere thought of the withdrawal of about 40 trillion dinars, storage and destruction needs a serious study of the subject.

The Secretary-General of the Council of Ministers said in an interview on the Keywords Quoted (and independent Iraqi news agency) "there is no problem in the current currency because many countries are dealing in this way of cash currency.

He added that the government's view in the case of deletion of zeros from the currency, and change is with the patient because the subject matter is not a priority at the present time, "stressing that" the Council of Ministers is considering the possibilities and conditions available to such a process. "

He explained that "we're not sure that we are able to control the process of withdrawal of big money in such circumstances," calling for a "not to hurry about it because just thinking about the withdrawal of approximately 30 to 40 trillion dinars, storage and destruction needs a serious study of the subject."

The Finance Committee hosted last June, Deputy Governor of the Central Bank of the appearance of Mohammed Saleh to discuss the mechanism that will be followed by the bank in the process of deleting the zeros and how long this process and changes that will occur on the exchange of currency.

And confirmed a member of the Najia Najib that "the Council of Ministers approved during the meeting the Governor of the Central Bank on the project to delete the zeros and replacing Iraqi currency after it decided earlier in the patient as a result of the project the high price of the dollar in the domestic market for the past few months."


http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ina-iraq.com%2F