Member of Finance Committee: the application of the deletion of zeros depends on poli
Member of Finance Committee: the application of the deletion of zeros depends on political and economic stability in the country
Baghdad (news) .. Confirmed member of the Finance Committee MP / Kurdish coalition blocs / Najiba Najib, that the implementation of a project to restructure the Iraqi currency after deleting three zeros of which depends on political and economic stability in the country.
The answer (for the Agency news) Friday: The central bank completed all the procedures related to the project to delete the zeros of the three local currency and the expected signal from the executive and legislative branches to begin its implementation.
She explained: that the project was postponed by the government indefinitely as a result of the political crisis experienced by the Iraqi arena and in addition to the instability of the exchange rate of the Iraqi dinar against the U.S. dollar, saying that the project depends on the political and economic stability in the country.
She pointed out: to increase the value of the dollar against the dinar significantly during the last period to make the central bank and the legislature and the executive reconsider the project because it is a great interest to all citizens and to the setting calls for an integrated economic feasibility before applying it.
The Central Bank of Iraq announced (29 September 2011) that the year 2013 will see the deletion of zeros and switch the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.
The Council called for the prime minister's central bank to wait a project to delete the zeros of the three local currency, saying he was a big project and needs to be enough time to apply it. / Finished / 8. N. R / http://translate.googleusercontent.c...qPmmNyIp2bh5Aw