Parliamentary: time is not right to delete the zeros of the Iraqi currency
Parliamentary: time is not right to delete the zeros of the Iraqi currency
Posted 06/02/2015 09:24 AM
Parliamentary Finance Committee denied, determine the central bank a time limit for the deletion of zeros from the Iraqi currency and as confirmed that it supports the project, said that the bank believes that the time is not right to take this step.
The committee member said Jabbar al-Abadi in a press statement, said that “the project to delete the zeros were traded within the Finance Committee,” adding that “the central bank rejects this on the grounds that the time is not right now.”
He added, “The Finance Committee with the deletion of zeros is subject to many positives reflected on the economic reality,” noting that “the numbers in the dinar currency loses its value, and the deletion of zeros because the value of the dinar and the fall of the value of the dollar.”
He economist Jamil Antoine, earlier, the deletion of zeros is a restructuring of the coin, and to alleviate the large digital accounts burden treasurers, and alleviate the burden of accountants in counting the transfer of numbers, “but he pointed out that” this is not the time to replace the currency, and that the lack of security and economic stability in the country.
altahreernews.com
