Committee on Economics: a major project to replace the currency is not entitled to the Central Bank carried out without reference to the House of Representatives

On: Saturday 04/08/2012 19:20
Citizen - Follow-up

Accused member of the Committee of Economy and Investment Deputy Salman al-Moussawi, the central bank to waive the powers of the House and Minister for replacing the local currency.

Moussawi said at the meeting of the Economic Commission with the central bank governor and his deputy, it became clear that the currency project is not deleted zeros from all but replaced the national currency entirely with change symbols and format and the introduction of the Kurdish language to it, and this is not the work of the Central Bank because it is a large project and touches the Iraqi state in all spectra and doctrines.

He added that the Constitution grants full powers of the Federal Government in the implementation of important projects affecting the citizen as a project to replace the national currency and the need to legislate a new law offers from by the Committees of Finance and economic development in the House of Representatives is voting on it and then the federal government to implement it, is not entitled to the Central Bank to make any change in the currency without reference to the House of Representatives.

and warned: the replacement of the currency and delete the three zeroes of them during the current period because it would harm the national economy as it is still Rieia dependent on oil, but must figure out how to support the economy of the activation of its different sectors and the private sector and then go to the application of a project to replace the currency after you delete the zeros of the three of them.

ruled out the MP-Musawi: implementation of the project in the coming year, saying he needed enough time to apply to begin with the support sectors of the economy first and then applied to avoid the country's economic problems may occur when you implement it.

The Central Bank of Iraq's (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 planned changes.

And demanded the prime minister's central bank to wait a project delete three zeros from the local currency, saying he was a big project and needs to be enough time to apply, the Central Bank was charged with obstructing governmental bodies monetary reform and vowed it was persecuting the interests of the country's financial risk.

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