Applying delete zeros project depends on political and economic stability in the coun
[SIZE=3Member of the Finance Committee: Applying delete zeros project depends on political and economic stability in the country
Posted: June 22, 2012 in Iraqi Dinar/Politics
Tags: Baghdad, Central bank, Central Bank Iraq, Executive, Iraq, iraqi, Iraqi dinar, United States
Date: Friday, 22-06-2012 01: 48 pm
Baghdad (News) … She is a member of the Finance Committee Coalition Deputy from//the Kurdish blocs, Najib Risalat project restructuring of the Iraqi currency after deleting three zeros were subject to political and economic stability in the country.
Najib said (to news agency news) on Friday that the Central Bank has completed all procedures relating to the three zeros deleted project local currency and wait for the signal from the Executive and legislative branches to initiate its implementation.
She explained: the project has been delayed by Government indefinitely as a result of the political crisis in Iraq in addition to the instability of the exchange rate of the Iraqi dinar against the US dollar, saying that the project is subject to political and economic stability in the country.
Noted: increased dollar greatly to dinar during the last period to make the Central Bank and the legislative and executive powers are given to the project because it dramatically matter all citizens need an integrated economic feasibility before applying it.
The Central Bank of Iraq was announced (September 29, 2011) to 2013 will see the deletion of zeros and the currency changeover, which warned officials and economists because of the Division of work preparing to falsify trillion Iraqi dinars to replace them in the light of the forthcoming changes.
The Student Council of the Prime Central Bank to wait to delete the three zeros from the local currency, confirmed that a large project and needs sufficient time to apply it