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*****Project to delete the three zeroes from the currency needs 2-3 years to implement*****
28/08/2011
****Deputy Governor of the Central Bank of the "morning":
Baghdad - Yasser incumbent
implications of the draft central bank *****aimed to delete the three zeroes from the currency of national debate among economists on the one hand and questions of citizens on the other hand. *****
's Deputy Central Bank Governor Dr. The appearance of Mohammed Saleh for "morning," said the draft resolution falls within the policy of reform cash to reduce the money supply of hand and calculate the mass of the other.
*****Salih said that this project long term needs to be two or three years***** and needs a strategy and timing until the completion of the conviction to the project. *****hinted that this draft resolution was commissioned by the Economic Commission in 2007 and went on trading of more than 5 years. and played down in favor of the concerns that Taatari some of the effects that may result from its application, pointing out that many countries went through this experience, and explained that the draft resolution presented to the Council of Ministers and the Economic Commission and the Parliament in order to enrich the discussion and leave the decision of the proper rule out all the side effects social mother was an economic and called for giving the opportunity to study it before judging it. He was surprised at the benefit of flying some of this decision, pointing out that the cluster size cash trillions do not exist only in the U.S. and Iraq, and its presence in America reflects the strength and the strength of its economy, either in Iraq is thus expressed cases of inflation and the weak national economy. *****He adds that the trend is towards *****reducing the mass of cash *****to curb inflation on the one hand *****and ******raise the value of the Iraqi dinar ******against foreign currencies *****on the other hand. and Saleh revealed that the currency of the proposed will include the coins of the categories of small transactions to ensure that walking in the local market.*****
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