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Project to delete the zeros from the currency table to study the central
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31/01/2012
Anbuge denies any comment on it
Baghdad morning
Central Bank of Iraq, he began to study the need of the project to delete the zeros of the national currency and the preparation of a draft law for presentation to Parliament, denied as adviser in the Prime Minister Abdul Hussein Al-Anbuge is attributed to him talk about the process of deletion of zeros
Central Bank of Iraq, he began to study the need of the project to delete the zeros to submit a bill to the House of Representatives for the purpose of legislation setting out the mechanisms and controls the process of removing three zeros from the local currency, stressing that its law gives him authority to make changes to the local currency.
This comes at a time confirmed the Parliamentary Finance Committee, on Sunday, the central bank had lingered in the provision of a bill to delete the zeros from the currency to the Committee for the purpose of his study, confirming the same time the law was passed that would give Iraq an opportunity to address inflation.
And inflation is the excessive rise in the general level of prices and higher cash income as well as high costs and create excessive cash balances.
It is expected to increase inflation in the budget in 2012 due to continued attention to the operational aspects at the expense of the investment part of the budget.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn): The CBI submitted a working paper for the project to delete the zeros of the local currency to the Council of Ministers for the involvement of ministries and bodies in the requirements process to delete the zeros to prevent harm from the process.
The Iraqi government says: The process of removing zeros from the local currency will increase the phenomenon of money laundering and is working to persuade the central bank need to stop work on the project.
Saleh added that the central bank is considering sending a bill to the House or not because the law gives the Central Bank of implied powers to delete the zeros of the local currency.
The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul, where the established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of currency management , in addition to the organization of the banking sector.
He said the project to delete the zeros from the currency needed to raise the awareness of national popularity and status of the regulations limiting the phenomenon of currency manipulation during the period of replacement. The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the values of the Iraqi dinar and tackle inflation in the country.
The chancellor denied the prime minister Abdul Hussein Al-Anbuge is attributed to him talk about the process of deletion of zeros, adding that some of the news media picked up naked for Health on the deletion, and attributed to him.
He said Anbuge during an interview (morning): that is to delete the zeros or keeping them is up to the decision-makers in the Iraqi government, and what is said about the tongue in some media excerpts from a lecture earlier been misunderstood by those means.
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