Expert: the time is perfect for the deletion of zeros from the currency of the instability of political situation

On: Saturday 07/04/2012 13:32

Baghdad (news) .. Warned the economic analyst Ibrahim al-Mashhadani, the implementation of the project to delete the three zeroes from the Iraqi currency early next year, being an important project needs to be political and economic stability over the country when applied. 
Mashhadani said (of the Agency news) on Saturday: The time set by the central bank to implement the project delete the three zeroes from the Iraqi currency and due early next year is not ideal and needs to reconsider it, because… it is a project task is sensitive and can not be passed through a period of time a few, he needs to time longer to study it in detail and find out pros and cons to avoid economic problems may occur because of it. He added: that the project needs to stabilize the economic and political more before its implementation, and these two factors are not available at this time as a result of the exceptional circumstances experienced by the country, although it is important in terms of easing the money supply that are exposed to cases of fraud are many and difficult circulation, noting that the countries that fought those experience has been enjoying stable economic and political in their own countries such as Turkey, which had been deleted (6) zeros from its currency. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh: The project to delete the three zeroes from the Iraqi currency does not need to legislate a new law but needs to issue a regulation to serve as instructions by stipulated by the Central Bank Law. Saleh added in an earlier statement (of the Agency news): The Central Bank Law gave the full power of the monetary authority to change the structure of the Iraqi currency, or delete the zeros of which, and the executive and legislative familiar with it, noting that the project needs to list regulatory instructions as published in the Official Gazette, and the central bank is now in the process configured. / Finished / 8. d. Q /