Home
Abadi: We are with the deletion of zeros is likely to start currency exchange early in 2012
Monday, September 12 / September 2011 10:06
[Baghdad - where]
The head of the parliamentary Finance Committee Haider Abadi, that with the deletion of zeros from the Iraqi currency as an important and necessary condition that the measures accompanying sound and correct.
He predicted in a statement to all of Iraq [where] that "the start of the new currency to replace the beginning of 2012, wondering whether enough time remaining to the procedures associated with the replacement of the currency or the period will be extended much longer."
Abadi said that "a number of precautionary measures have been discussed with the Central Bank to be a successful replacement and correct."
He said deputy state law that "One of the precautionary measures are to be currency safer and less fraud because the old currency, and that the proportion of fraud in which a few, but the quantity was great adding" that the fraud case of an international and not without a state by as long as there fraud rings Valtzoar exists in America, Britain and other countries. "
And Abbadi, "The new currency will not reflect negatively on the inflation situation in the country and will be financial dealings in Iraq, easier and better delete the zeros."
He revealed that "the mechanism tends to replace the currency gradually and not all at once so as not to back the currency on our web site to the market again. Adding that" the destruction of the old currency must be accompanied by strict measures to prevent the return of the old currency and the leakage to the market. "
He noted that "the new place that will bring the process of replacing the new currency and the destruction of the old currency has yet been set."
He concluded his speech by saying al-Abadi, "The size of the Iraqi currency has become unreasonable and we are not the first country in the world to replace its currency because many nations have preceded us in this context, such as France, Turkey and others."
And we are talking some time ago in the Iraqi media on changing the currency, and issuing a new currency, and are to note that there are changes will occur in the form of new Iraqi currency, including the removal of zeros, and the inclusion of the Kurdish language alongside Arabic in the currency.
There were conflicting reports on the feasibility of the deletion of zeros from the Iraqi currency, at a time which is seen as the biggest financial corruption in Iraq because of money laundering is seen by many as the other comes in the framework of the currency reform of management system in preparation for the next stage.
[You must be registered and logged in to see this link.]
Monday, September 12 / September 2011 10:06
[Baghdad - where]
The head of the parliamentary Finance Committee Haider Abadi, that with the deletion of zeros from the Iraqi currency as an important and necessary condition that the measures accompanying sound and correct.
He predicted in a statement to all of Iraq [where] that "the start of the new currency to replace the beginning of 2012, wondering whether enough time remaining to the procedures associated with the replacement of the currency or the period will be extended much longer."
Abadi said that "a number of precautionary measures have been discussed with the Central Bank to be a successful replacement and correct."
He said deputy state law that "One of the precautionary measures are to be currency safer and less fraud because the old currency, and that the proportion of fraud in which a few, but the quantity was great adding" that the fraud case of an international and not without a state by as long as there fraud rings Valtzoar exists in America, Britain and other countries. "
And Abbadi, "The new currency will not reflect negatively on the inflation situation in the country and will be financial dealings in Iraq, easier and better delete the zeros."
He revealed that "the mechanism tends to replace the currency gradually and not all at once so as not to back the currency on our web site to the market again. Adding that" the destruction of the old currency must be accompanied by strict measures to prevent the return of the old currency and the leakage to the market. "
He noted that "the new place that will bring the process of replacing the new currency and the destruction of the old currency has yet been set."
He concluded his speech by saying al-Abadi, "The size of the Iraqi currency has become unreasonable and we are not the first country in the world to replace its currency because many nations have preceded us in this context, such as France, Turkey and others."
And we are talking some time ago in the Iraqi media on changing the currency, and issuing a new currency, and are to note that there are changes will occur in the form of new Iraqi currency, including the removal of zeros, and the inclusion of the Kurdish language alongside Arabic in the currency.
There were conflicting reports on the feasibility of the deletion of zeros from the Iraqi currency, at a time which is seen as the biggest financial corruption in Iraq because of money laundering is seen by many as the other comes in the framework of the currency reform of management system in preparation for the next stage.
[You must be registered and logged in to see this link.]
