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Parliament: the Government's request to wait delete the zeros is not justified
2012-04-12 12/04/2012
BAGHDAD / JD / .. The decision to slow down the last government to draft the deletion of three zeros from the Iraqi dinar, Hfadh Parliament, which promised him a member of the parliamentary economic Albjara Nora, as unjustified, stressing that the government statement did not give his reasons for the request to wait. The Albjara in a statement summarized by the agency (KD) that the project to delete the zeros and according to him the CBI came at the request of the government to the bank since 2004, after a project to replace the old currency, and this means that the central bank took in the process of developing a strategic replacement and delete the zeros more than seven years before he presented to Parliament to announce the readiness of the last to roll. Albjara and hinted that there are other reasons behind this trend, especially as recently witnessed interactions between several points relating to the independence of the Central Bank. It showed that the project display an official letter to the Parliament by the Central Bank and is currently working on the economic study of all aspects of the form prepared by the law then so they can be discussed and passed naturally. Central Bank of Iraq had previously said on the lips of his deputy, the appearance of Mohammed Saleh, said that this project presented a deletion of zeros to the bank by the government, and here the role of the bank and he is responsible for monetary policy, the preparation of a replacement strategy Tabieia. (JD) obtained documents that confirm that the central bank will begin the process of replacement early next year and will last two years. The Director of Cabinet Affairs in the Secretariat-General has said in a statement received / JD / copy of it: that the Council passed a resolution whereby the patient in the application process to delete the zeros of the national currency. He explained that the decision requires to stop the procedures all related to the operation and until further notice. He said "the decision of the Council of Ministers, which will carry number (111) for the year 2012 and approved at regular fifth session, held the day before yesterday was based on that introduced by the Committee on Economic Affairs. The aim of the process according to the Iraqi Central Bank to reduce the money supply enormous, and the alleviation of inflation, which he considered Bank (monetary inflation) due to increased amounts of cash pumped into the street, which invited him to the foot to the deletion of three zeros from the currency. According to sources, the process of deleting the zeroes will be early next year, and that the measure will be gradually until the absorption of the entire banknotes old from the market completely. It is noted that the current and new currencies will work at the same time without reducing the value of any of them until the full absorption of the existing currency, or which will be the (old). / Finished / 22 /
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2012-04-12 12/04/2012
BAGHDAD / JD / .. The decision to slow down the last government to draft the deletion of three zeros from the Iraqi dinar, Hfadh Parliament, which promised him a member of the parliamentary economic Albjara Nora, as unjustified, stressing that the government statement did not give his reasons for the request to wait. The Albjara in a statement summarized by the agency (KD) that the project to delete the zeros and according to him the CBI came at the request of the government to the bank since 2004, after a project to replace the old currency, and this means that the central bank took in the process of developing a strategic replacement and delete the zeros more than seven years before he presented to Parliament to announce the readiness of the last to roll. Albjara and hinted that there are other reasons behind this trend, especially as recently witnessed interactions between several points relating to the independence of the Central Bank. It showed that the project display an official letter to the Parliament by the Central Bank and is currently working on the economic study of all aspects of the form prepared by the law then so they can be discussed and passed naturally. Central Bank of Iraq had previously said on the lips of his deputy, the appearance of Mohammed Saleh, said that this project presented a deletion of zeros to the bank by the government, and here the role of the bank and he is responsible for monetary policy, the preparation of a replacement strategy Tabieia. (JD) obtained documents that confirm that the central bank will begin the process of replacement early next year and will last two years. The Director of Cabinet Affairs in the Secretariat-General has said in a statement received / JD / copy of it: that the Council passed a resolution whereby the patient in the application process to delete the zeros of the national currency. He explained that the decision requires to stop the procedures all related to the operation and until further notice. He said "the decision of the Council of Ministers, which will carry number (111) for the year 2012 and approved at regular fifth session, held the day before yesterday was based on that introduced by the Committee on Economic Affairs. The aim of the process according to the Iraqi Central Bank to reduce the money supply enormous, and the alleviation of inflation, which he considered Bank (monetary inflation) due to increased amounts of cash pumped into the street, which invited him to the foot to the deletion of three zeros from the currency. According to sources, the process of deleting the zeroes will be early next year, and that the measure will be gradually until the absorption of the entire banknotes old from the market completely. It is noted that the current and new currencies will work at the same time without reducing the value of any of them until the full absorption of the existing currency, or which will be the (old). / Finished / 22 /
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