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***** No fears of money laundering when you delete the zeros*****
On: Sun 09/04/2011 19:54
BAGHDAD - Mostafa Hashemi
government adviser: *****the process of changing the currency would be the largest corruption in the history of Iraq*****
denied an economist in the Ministry of Finance *****concerns the existence of money laundering *****when you switch the currency and to delete the zeros of the three of them. *****The adviser said the Prime Minister, the economic decision to change the currency, as announced by Central Bank of Iraq will be the biggest corruption and money laundering in the history of Iraq, saying the decision in vain to increase the chaos, and helps to increase the rate of inflation.
*****The economic expert Hilal Taan's (citizen) that***** he does not comply with statements Anbuge advisor Abdul Hussein***** on the subject because it comes from the old fears *****that occurred during the former regime when it was more a government print currency***** without balance in addition to the Central Bank.***** Indicating that the new currency***** is controlled and denominations controlled *****also installed in the register of the Central Bank***** and thus the process of money laundering***** is excluded to obtain the center of the action. *****
and added zeros to the dinar in the nineties of the last century, during the economic embargo on Iraq, where there was runaway inflation turned to inflation monetary excessive and thus led to add 3 zeros as a measure to reduce it.
He Taan that the economic recovery phase in Iraq was now led to reconsider the restructuring of the currency of Iraq and starting from the deletion of zeros. noting that the deletion of zeros from the currency successfully in both Turkey and Brazil Russia, which was suffering economy exhausted and therefore, the deletion of zeros will reduce the size of the monetary mass of 26 trillion Iraqi dinars, and reduced to 15-16 billion Iraqi dinars. Taan He explained that the process of structuring a currency is part of the management of the Iraqi currency and if the deletion of zeros will be registered trade exchanges that get money between banks.
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