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Abtan: Delete the zeros dinar a bold step and its impact will be greater if placed within the plan
Ali Abdullah - 01/02/2012 PM - 7:25 p.m.
Praised the MP for the mass of the citizen Hussain Abtan, the central bank steps to delete the zeros of the Iraqi dinar, pointing out that these steps be a greater impact on the Iraqi economy in the event of a court established within the plan.
Abtan said in a statement quoted by the Euphrates News that "the central bank steps to remove the zeros of the Iraqi dinar, a bold and would raise the exchange value of the dinar against the U.S. dollar."
Iraq is working on a project to delete the zeros from the currency to facilitate financial transactions in the country with the country's openness to international markets and try to attract capital and investors to contribute to government efforts to rebuild the crumbling infrastructure as a result of decades of war and siege.
Abtan said, that "the steps the bank will be the largest impact on the Iraqi economy and the lives of citizens in the event of an economic plan put in one of its components are the central bank."
The CBI had announced earlier that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency.
The MP said that he "can not load the bank's management responsible for the deterioration of the economic reality in the country, he is responsible for fiscal policy only."
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