parliamentary financial: Balancing 2013 will be in new currency after deleting three zeros
The parliamentary financial: Balancing 2013 will be in the new currency after deleting three zeros
03/07/2012-6: 29 pm | Hits: 38
The parliamentary Finance Committee announced, Tuesday, that next year's budget in the new currency will be 2013 after deleting three zeros from the current currency, saying that the reluctance of traders and trading companies behind the Iraqi currency the Central Bank adopted draft delete zeros.
Committee Member said in an interview for Njie Najib "alsumaria news" budget next year will see a new currency after deleting three zeros from the current currency ", stating that" currency and switch to delete zeros will take approximately two years after preparations for the operation, which began more than a year ago".
Najib added that "the Cabinet approved during a meeting with the Governor of the Central Bank on draft delete zeros and switch the Iraqi currency after earlier decided to await a high dollar project in local markets over the past few months", adding that "delete zeros and currency swap designed to restructure the Iraqi currency and form that was consistent with Iraq's business internally and externally."
Najib said that "the Committee of finance and the Central Bank have agreed at its last meeting that the next year will be a date to begin deleting zeros and be balance in 2013 in the new currency only if there is a barrier to transmit without it", stressing "the need to support the Government and Parliament of the project for the restructuring of the Iraqi currency.
Najib said that "the reluctance of traders and companies from using Iraqi currency and trade has prompted the Central Bank to adopt a draft delete zeros", asserting that "this project management system reform would facilitate the use of currency.
The Finance Committee was hosted at (26 June), Deputy Central Bank Governor Mohammad Saleh appearance to discuss the mechanism to be followed by the Bank in the process of deleting zeros and how long this process and the variables that expose the exchanged currency.
Member of the Finance Committee revealed Haytham Al-jaburi in (15 may 2012) in an interview for "alsumaria news", January of next year will see the delete three zeros 2013 and Exchange, in 2012, will next month begin printing the new currency in various categories.
The Central Bank was accused (12 September 2011), Government of obstructing the monetary reform and vowed to prosecute, blaming those responsible for endangering the financial interests of the country at risk.
As aide to the Prime Minister on Economic Affairs (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if during this period, under the title economic absurdity, warning of "Division" is preparing to falsify trillion Iraqi dinars to replace them in the light of the forthcoming changes.
Some economists believe that Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar, noting that deletion requires political stability and security as well as economic stability.
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
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