Alsumaria News / Baghdad
Governor of the Central Bank announced on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation, he stressed that this process will be preceded by regulatory and administrative operations.
sczin11- SO IS IT STARTING, IMPLEMENTING, OR ARE WE WAITING FOR LAWS?
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Keywords and said in a press conference held at the bank building and attended by Alsumaria News, that "the project to delete the zeros is based has been put into practice and gave the green light to start with," noting that "The project needs a period of time may extend to two years or more."
He added that the relationship "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it."
The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be
transferred to the trillions of billions,
indicating that the process of
replacing the currency needs to be approved by parliament.
He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.
It is noteworthy that some economists believe that Iraq is not ready at the moment to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as the stability of the economy.
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Iraqi currency
Central Bank gives the green light to implement "the deletion of zeros," asserts: We need two years to complete
Author: ASJ, BS
Editor: AB, BS
03/03/2015 13:39
Number of Views: 74
Long-Presse / Baghdad
Detection Governor of the Central Bank of Iraq on the Keywords, on Tuesday, giving a green light to direct the implementation of file deletion of zeros from the currency, and as he emphasized that the completion of administrative matters of this file will take two years, pointed out that the bank began creating new currency models.
Alak said during a press conference held by the bank building Jadiriyah district in central Baghdad, and attended (range Press), that "the deletion of zeros from the Iraqi currency file is put into practice," asserting that "the Bank gave the green light to implement this."
The Keywords, that "the completion of administrative matters on this file will take two years," noting that "the bank began creating new currency models."
The Central Bank of Iraq (November 28, 2014), announced the adjournment of the subject of the deletion of zeros from the currency at the present time.
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