Ministry of Finance has custody of the implementation of the lifting of the zeroes of the Iraqi currency; CBI calls for cooperation
Detect the Iraqi Central Bank on Saturday, all reservation and the Ministry of Finance of the implementation of the project to delete the zeros of the Iraqi currency, calling on the executive and legislative bodies and all concerned to cooperate with him to accomplish this. The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a statement to ‘Twilight News’ that’ the Ministry of Finance expressed its opinion on the draft raise zeros from the Iraqi currency and had a reservation of this Order ‘, pointing out that’ the conservative ministry of the timing of the start of the project because all the accounts of the budget will be recorded in accordance with the new currency ‘. And the favor of the ‘implementation of the project must be cooperation between the central bank and legislative power , executive and all concerned in this matter ‘, pointing out that’ the calculation will be Zleh will not face any difficulty with the deletion of zeros only require some technical measures such as changing computers’. Salih stressed that the currency in its present form does not serve the requirements of progress and development in the economic side, the fact that the three zeros in each of which represents a decade of conflicts, wars and economic decline in the country ‘. The Cabinet decided, in the middle of this month, be patient in the application of the deletion of zeros from the national currency. The Central Bank of Iraq began to modify the search categories dinar, last year, and is still a large part of the payments being in cash due to the evolution of the banking system .
The Iraqi Central Bank revealed on Saturday, Finance Ministry’s reservation on project delete zeros of the Iraqi currency, and called the Executive, the legislature and all others concerned to cooperate to accomplish this.
Deputy Central Bank Governor Mohammad Saleh appearance in a location ‘ Twilight ‘ News ‘ that the Ministry of Finance expressed its opinion on the draft on Iraqi currency lifted zeros and had a reservation from this command ‘, adding that ‘ conservative Ministry of timing of commencement of project because all accounts of the balance will be recorded as the new currency ‘.
And that ‘ the implementation of the project must be carried out in cooperation between the Central Bank and legislative authority, Executive authority and all those concerned with this matter ‘, pointing out that ‘ calculation will be drawing him and would have no difficulty with the deletion of zeros only requires some technical procedures including change computers ‘.
Saleh said that currency in its current form does not serve the requirements of progress and development in economic aspect that three zeros, each representing a decade of conflicts and wars and economic decline in the country ‘.
The Cabinet had decided, in the middle of the month, wait in the application project delete zeros from the national currency.
The Central Bank of Iraq started to discuss modifying categories last year dinar, largely payments still being in cash as a result of the lack of development of the banking system.