View Full Version : The current time is right to delete the three zeroes from the local currency

07-27-2015, 02:58 AM
Former deputy in the Finance Committee (http://rover.ebay.com/rover/1/711-53200-19255-0/1?toolid=10029&campid=CAMPAIGNID&customid=CUSTOMID&catId=267&type=2&ext=391194048254&item=391194048254): the current time is right to delete the three zeroes from the local currency
7/25/2015 9:47


BAGHDAD / Nina / called a former member of the Finance Committee (http://rover.ebay.com/rover/1/711-53200-19255-0/1?toolid=10029&campid=CAMPAIGNID&customid=CUSTOMID&catId=267&type=2&ext=391194048254&item=391194048254) secretary Hadi al-Yasiri, the central bank to speed up the application of the project to delete the zeros and make it parallel with the money, which began shortly before laundering law.

Yasiri said the National Iraqi News Agency / Nina / that "the project to delete the zeros old project was supposed enacted and implemented years ago, but some economic matters has affected negatively on the approval, stressing that" the market work and the issue of external and internal debt and the work of the Iraqi Stock Exchange are all related to the deletion of zeros and must Coordination with the government to have the project ready for implementation. "

He added, "The current time is right to implement the project to delete the zeros to be parallel to the process of money laundering and controlling money smuggling operation abroad, adding that" money laundering and smuggling abroad adversely affect the price of the dinar, and a lot of private banks are benefiting from the price difference between the central bank and the market price. "

The Council of Ministers in the previous session postponed the application of the decision to delete the zeros from the current currency, without specifying a time limit before they resume the parliamentary financecommittee (http://rover.ebay.com/rover/1/711-53200-19255-0/1?toolid=10029&campid=CAMPAIGNID&customid=CUSTOMID&catId=267&type=2&ext=391194048254&item=391194048254) and the central bank steps discuss implementation of the resolution at the current session on the 2016 early next year, will be introduced in principle