Ruled out the project to delete the zeros of the national currency in April

Ruled out the project to delete the zeros of the national currency in April

Parliament exclude financial deletion of zeros currency next year

11/20/2013 12:00 AM

Iraqi dinarBAGHDAD – Shaima Rashid
ruled out of the Finance Committee that is applied to the project to delete the zeros of the national currency in April next, especially since the central bank did not announce its readiness to this topic yet.
This comes at a time revealed the economic sources of the existence lingered by the prime minister in this regard.
Member Finance Committee in the House of Representatives Najiba Najib, threw the ball in the court of the Central Bank, saying “that the central bank is not yet ready to delete the zeros from the currency,” he pointed out that the decision to Aa_khas just one hand.
noted Najib in her statement the “morning” that the Committee Finance did not reach this issue throughout the year, as the central bank did not draw any book in this regard.
showed that the process of deletion of zeros and determine the structure need to unite all the legislative authorities and Altiveh, stressing need the subject to study a serious process.
said Najib said the “Select currency became Today the need, in the presence of a large budget for the country, what I lose Currency small amount, “emphasizing the need to find coins of different groups working to move the economy for the better. She said” the central bank had been suffering from problematic in the previous year represented change ادراته that put priority in support of the Iraqi dinar against the currency. “, it ruled Committee member Abdul Hussein al-Yasiri delete the three zeroes from the national currency during the next year, indicating that the current administration of the central bank believes the time is not suitable for the implementation of this project.
Yasiri said in a statement the “News Agency news, “that his committee parliamentary When I asked the previous administration of the Central Bank of when applying the project to delete the three zeroes, answered that the year 2013 will see the completion of all the procedures for the project Kalag with companies that printed currency and others, also stressed that the year 2014 will witness the application.
However, “but the administration Current Central Bank confirmed that the time is not suitable for implementation of the project in 2014, attributed it to the presence of conditions preventing the bank from the implementation of the project during the next year. ”
said MP that some media quoted story that that the central bank told the Finance Committee that the implementation of the project will be the beginning of the year 2014, while this news baseless, calling on the media to be accurate and careful in spreading the news.
indicated that the news spread from the fact that the central bank told the Finance Committee parliamentary date for the application of the project to delete the three zeroes early next year, to the surprise of administration Current Bank and the Finance Committee parliamentary elections.
As for the stakeholders economic, has revealed an economic advisor in the prime minister Abdul Hussein Al-Anbuge, all lingered Council in this procedure and deported to notice until the availability of appropriate conditions for its application.
said Anbuge in connection with the “morning”, that ” appropriate conditions for deleting currency is not available yet, especially since the issue of deletion of zeros is not a subject a key role in economic reform will not provide or delay anything in the macroeconomic variables of the country. ”
He believed that the deletion of zeros will not help to strengthen the currency, stressing that what strengthens the economic performance good and strong gross domestic product (GDP) and cover the arbitrator of the coin, noting that all these things are linked to inflation and has no relationship with zeros currency.

alsabaah.iq