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Specialists: Delete the zeros needed economic and political stability
08/04/2012
Integrity electronic / follow-up Muhannad David said the deputy governor of the Central Bank of the appearance of Mohammed Saleh: The project to delete the three zeroes from the Iraqi currency does not need to legislate a new law but needs to issue a regulation to serve as instructions as stipulated by the Central Bank Law. Saleh added in an earlier statement that the Central Bank Law gave the full power of the monetary authority to change the structure of the Iraqi currency, or delete the zeros of which, and the executive and legislative familiar with it, noting that the project needs to be regulation as the instructions are published in the Official Gazette, and the central bank is now in the process configured . At a time when analysts warn economists from deleting three zeros from the Iraqi currency, as it is an important project needs to be political and economic stability in the country more when applied. The specialist: The time set by the Central Bank for the implementation of the project to delete the three zeroes from the Iraqi currency and due early next year is not ideal and needs to reconsider it, because it is a project task is sensitive and can not be passed through a period of time a few, he needs a time longer to study it in detail and knowledge of its advantages and cons to avoid economic problems may occur because of it. He added that the project needs to stabilize the economic and political more before its implementation, and these two factors are not available at this time as a result of the exceptional circumstances experienced by the country, although it is important in terms of easing the money supply that are exposed to cases of fraud are many and difficult circulation, noting that countries that fought that experience had enjoyed economic and political stability in countries such as Turkey, which had been deleted (6) zeros from its currency.
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08/04/2012
Integrity electronic / follow-up Muhannad David said the deputy governor of the Central Bank of the appearance of Mohammed Saleh: The project to delete the three zeroes from the Iraqi currency does not need to legislate a new law but needs to issue a regulation to serve as instructions as stipulated by the Central Bank Law. Saleh added in an earlier statement that the Central Bank Law gave the full power of the monetary authority to change the structure of the Iraqi currency, or delete the zeros of which, and the executive and legislative familiar with it, noting that the project needs to be regulation as the instructions are published in the Official Gazette, and the central bank is now in the process configured . At a time when analysts warn economists from deleting three zeros from the Iraqi currency, as it is an important project needs to be political and economic stability in the country more when applied. The specialist: The time set by the Central Bank for the implementation of the project to delete the three zeroes from the Iraqi currency and due early next year is not ideal and needs to reconsider it, because it is a project task is sensitive and can not be passed through a period of time a few, he needs a time longer to study it in detail and knowledge of its advantages and cons to avoid economic problems may occur because of it. He added that the project needs to stabilize the economic and political more before its implementation, and these two factors are not available at this time as a result of the exceptional circumstances experienced by the country, although it is important in terms of easing the money supply that are exposed to cases of fraud are many and difficult circulation, noting that countries that fought that experience had enjoyed economic and political stability in countries such as Turkey, which had been deleted (6) zeros from its currency.
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