Member of Finance Committee: We propose to issue currency category (50) thousand inst
Member of Finance Committee: We propose to issue currency category (50) thousand instead of deletion of zeros for fear of fraud
بتاريخ : الأربعاء 07-03-2012 10:57 صباحا On: Wednesday 07/03/2012 10:57
Baghdad (news) .. Proposed by the Finance Committee MP / National Alliance / Magda Tamimi issue currency category (50) thousand dinars in the implementation of the project to delete the zeros of the three, to reduce the money supply raised in the local markets.
Tamimi said (of the Agency news) said on Wednesday: The security situation in Iraq is still not completely stable and does not help the implementation of a large project concerns the general public and the national economy and may get unexpected situations coincide with the implementation Kaltazoir and others.
She added that the project to delete the three zeroes will not reduce the money supply raised in the local markets, according to claim central bank, but is merely deleting three zeros from the currency, stressing that reducing the money supply comes through the issuance of currency with large groups as a category (25) thousand dinars and (50) thousand dinars Stakhtzel being a larger mass of cash in addition to that the project does not need to ask when Enactment of the large groups.
Tamimi and warned of the exploitation of some outlaw gangs of the project by offering counterfeit currency and replace original currencies as in (2004) when replacing the currency, the fact that the security situation in the country risk is very completely. / Finished / 8. D. Q /