Parliamentary Finance is preparing to clarify the reasons
Parliamentary Finance is preparing to clarify the reasons for the Government on the frequency switch currency
Thu, 12 Jul 2012 Time: 8:12
Announced that the Parliamentary Finance Committee, on Wednesday, a willingness to clarify the reasons for the Council of Ministers on the frequency of switching the currency in spite of the Iraqi Central Bank confirmed its ability to that of the occurrence of fraud affecting the national economy.
A member of the Committee Ahmad electrodes in an interview for "Alsumaria News", "The Iraqi government is still reluctant decision to replace the currency being fearful that this would lead to the occurrence of fraud great," adding that "the Committee agreed two weeks ago with the Central Bank on how to replace the the local currency after deleting three zeros from them. "
The Mishari that "the Committee inquired from the Central Bank on the mechanism of currency exchange, and the latter confirmed that he can make this procedure without a lot of fraud that would affect the national economy."
The electrodes "Ststodh the Finance Committee of the Council of Ministers about the reasons for reluctance to take a decision on that."
And was a member of the Finance Committee's parliamentary Najiba Najib announced (the third of July, current), that the budget next year 2013 will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros.
Hosted the Parliamentary Finance Committee, in (26 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 zeros and how long this process and the variables that will occur on the exchange of currency.
He was a member of the Finance Committee Haitham Jubouri revealed on 15 May 2012, that the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, while September will see the next 2012 direct printing the new currency in different categories.
The central bank was accused, in (12 September 2011), government bodies obstructing the monetary reform and vowed loaded persecuting those actors responsible for exposing the financial interests of the country to danger.
What was seen as an adviser to Prime Minister for Economic Affairs (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of "mafias currency" is preparing to rig the trillions of Iraqi dinars to replace them in light of the planned changes.
It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.
Source: Sumerian New