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Economy considering the possibility of parliamentary delete zeros from currency
On: Wed, 14/12/2011 7:43
□ Baghdad / economic-term follow-up
confirmed for the economy and investment representative, on Tuesday, it will consider the deletion of zeros from the Iraqi currency, noting that the Governor of the Central Bank and economic experts have made several proposals in this regard. A member of the Sheriff Aziz said in a statement received Mayahi term, a copy of it,
The "Committee for Economy and Investment hosted, today, Governor, Central Bank of Iraq with a number of economic experts," noting that "the two sides discussed the issue of deletion of zeros from the Iraqi currency."
He Mayahi that "the Commission listened to a detailed explanation by the delegation on the issue of deletion of zeros" He pointed out that "the Commission will consider proposals for the delegation to that effect to the purpose to reach the appropriate decision in the interest of the Iraqi people."
The Member of the economy and investment parliament that "the Commission discussed with the delegation, a number of economic issues Kaltdkhm and ways to reduce its impacts on the Iraqi economy."
The bank CBI announced, in the (29 September 2011), that the year 2013 will see the deletion of zeros and the currency exchange, pointing out that the existing currency formed a cluster of large cash estimated at 30 trillion dinars.
He said an adviser to Prime Minister for Economic Affairs Abdul Hussein Al-Anbuge, in (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 the light of the planned changes.
accused the Iraqi Central Bank, in the (12 September 2011), government bodies obstructing the monetary reform and vowed to sue, blaming the authorities responsible for endangering the interests of the country's financial risk.
According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion of zeros needed to stabilize the security and political as well to economic stability.
and declared Iraqi Central Bank Governor Sinan Shabibi, at a meeting of independent bodies with Prime Minister Nuri al-Maliki, who held (June 19, 2011), his willingness to create all the supplies to replace the Iraqi currency.
The Central Bank of Iraq was established as a bank independently under its law of the sixth of March of 2004, as an independent body is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the financial system competitive and independent.
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