Member of the parliamentary financial denies that caused the deletion of zeros from the currency of financial and administrative corruption

01/31/2012 | (Voice of Iraq) - Add comments - Baghdad - where denied a member of the Finance Committee, the parliamentary process that caused the deletion of zeros of the Iraqi currency occurrence of money laundering and financial and administrative corruption in it. A member of the stapes Ibrahim told all of Iraq [where ] Tuesday that "are untrue news or fears of money laundering or financial and administrative corruption caused by the process of removing three zeroes from the Iraqi currency as it is the process of reform and management of the currency." "It is expected to be a process of replacing the currency, according to the reports of the Finance Committee and the Bank estimates Central within a year and a half after it begins trading currency, the old El Jadida through the payment of salaries to civil servants in ministries and government institutions and the establishment of private banks replace balance of cash, or even through a review of the citizen himself to these banks and to replace the amounts. " and we are talking some time ago regarding the change of currency , and the issuance of new currency, and is noted that there are changes will occur in the form of new Iraqi currency, including the removal of zeros, and the inclusion of the Kurdish language to the Arabic language in the currencies. The officials at the Central Bank as well as some politicians and economists urged the government to delete the zeros of the currency and issue a new currency denominations large cash in addition to the presence of Coins small. Observers say that the government intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar is that economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the benefit expected from the lifting of zeros. " He was an adviser to Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge had warned earlier in the process of removing the zeros from the currency they will cause big problems and confuse the Iraqi economy.

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