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The central importance of the Iraqi parliament to convince deleted 3 zeroes from the dinar
16.12.2011
The center of divergence of views, economists about the timing and feasibility of the project to delete three zeros from the dinar, the official predicted that the Central Bank of Iraq is the implementation of this project in 2013. The Central Bank of Iraq discuss the details of the project with the Commission on the economy and investment in the Iraqi Council of Representatives.
Deputy Governor of the Central Bank of Iraq appearance of Dr. Mohammed Saleh In a statement made by Radio Free Iraq, confirmed that the atmosphere of the discussions were positive, and the bank was able to answer all questions and inquiries of the Parliamentary Committee, which heard a detailed explanation on this subject, and convinced of the project and its positive effects on the economy Iraq, adding that the project is also referred to the Economic Committee in the Cabinet for discussion.
He expected the Deputy Governor of the Central Bank of Iraq that is to start the execution of the deleted 3 zeroes three of the coin with the development of the budget year 2013, pointing to the bank's plan to implement the project will continue for two years and depends on offering new dinar with the current currency in order not to get the economy or the citizens harm.
Economic expert, Dr. Hilal Al-Taan consistent with the Central Bank of Iraq in the importance of this project and its economic feasibility, and finds that the current monetary bloc of 27 trillion Iraqi dinars, it is necessary to delete three zeros to become a mass 15 billion Iraqi dinars, which facilitates financial transactions daily.
However, the economic expert, Aladdin short does not agree with Taan, but finds that the project to delete 3 zeros will not contribute to improve the economy, but on the contrary, because of the security conditions and the economic situation deteriorating, and the absence of development programs, and the lack of a sound banking system, in addition to corruption and bureaucracy in state institutions.
Amid the varied opinions of observers of the economic affairs of Iraq about the effects of positive or negative for the deletion of three zeros from the dinar, warned an economic advisor in the government Abdul Hussein Al-Anbuge that the process of removing three zeros from the dinar will increase the phenomenon of money laundering, and that the government is working to convince the central bank need to stop working the implementation of the project.
But economist Dr. Hilal Al-Taan respond to these warnings and fears as unfounded, because the process is controlled by a careful and deliberate.
Contributed in the file, Radio Free Iraq correspondent in Baghdad, Mohammad Karim
The central importance of the Iraqi parliament to convince deleted 3 zeroes from the dinar
[You must be registered and logged in to see this link.]
16.12.2011
The center of divergence of views, economists about the timing and feasibility of the project to delete three zeros from the dinar, the official predicted that the Central Bank of Iraq is the implementation of this project in 2013. The Central Bank of Iraq discuss the details of the project with the Commission on the economy and investment in the Iraqi Council of Representatives.
Deputy Governor of the Central Bank of Iraq appearance of Dr. Mohammed Saleh In a statement made by Radio Free Iraq, confirmed that the atmosphere of the discussions were positive, and the bank was able to answer all questions and inquiries of the Parliamentary Committee, which heard a detailed explanation on this subject, and convinced of the project and its positive effects on the economy Iraq, adding that the project is also referred to the Economic Committee in the Cabinet for discussion.
He expected the Deputy Governor of the Central Bank of Iraq that is to start the execution of the deleted 3 zeroes three of the coin with the development of the budget year 2013, pointing to the bank's plan to implement the project will continue for two years and depends on offering new dinar with the current currency in order not to get the economy or the citizens harm.
Economic expert, Dr. Hilal Al-Taan consistent with the Central Bank of Iraq in the importance of this project and its economic feasibility, and finds that the current monetary bloc of 27 trillion Iraqi dinars, it is necessary to delete three zeros to become a mass 15 billion Iraqi dinars, which facilitates financial transactions daily.
However, the economic expert, Aladdin short does not agree with Taan, but finds that the project to delete 3 zeros will not contribute to improve the economy, but on the contrary, because of the security conditions and the economic situation deteriorating, and the absence of development programs, and the lack of a sound banking system, in addition to corruption and bureaucracy in state institutions.
Amid the varied opinions of observers of the economic affairs of Iraq about the effects of positive or negative for the deletion of three zeros from the dinar, warned an economic advisor in the government Abdul Hussein Al-Anbuge that the process of removing three zeros from the dinar will increase the phenomenon of money laundering, and that the government is working to convince the central bank need to stop working the implementation of the project.
But economist Dr. Hilal Al-Taan respond to these warnings and fears as unfounded, because the process is controlled by a careful and deliberate.
Contributed in the file, Radio Free Iraq correspondent in Baghdad, Mohammad Karim
The central importance of the Iraqi parliament to convince deleted 3 zeroes from the dinar
[You must be registered and logged in to see this link.]
