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Economic parliamentary: the balance will be (300) billion dollars in 2015
Ali Salman - 28/06/2012 PM - 7:03
Economic / Buratha News
Favored the Commission's decision to the parliamentary economic Mahma Khalil, to inform the budget in 2015 (300) billion dollars, making an urgent necessity for the application of the deletion of three zeros from the local currency to reduce the money supply in circulation.
Khelil said in a press statement that Iraq's economic environment you need to restructure the local currency by deleting three zeros because of Iraq on the verge of increasing its revenue from sales of financial and oil will reach its budget during the next three years to (300) billion dollars.
He added: This is a large number and difficult work on the accountants how to distribute money to the paragraphs of the next budget in addition to the large volume of cash involved and the amount of (33) trillion dinars, which confuses the economic activity in the country.
He added, should not be the application of the deletion of zeros depend on the circumstances Wares of the country as a project whatever works to repair the structure of the Iraqi currency, calling for its implementation at the beginning of next year to help transform the national economy to free market and give real value to the future of the Iraqi dinar in the region.
The Central Bank of Iraq announced (29 September 2011) that the year 2013 will see the deletion of zeros and switch the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.
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