Emphasizes the importance of the central deletion of zeros and says the project logical scientific economic
Central Bank of Iraq on Tuesday, that the deletion of zeros from the currency will carry the country from the country of trillions to billions, while stressing that the project still needs the approval of Parliament and the Iraqi government. Deputy Governor of Central Bank of Iraq appearance of Mohammed in a press statement that ‘the project to delete the zeros three of the Iraqi currency will move Iraq from the country of trillions to the country of billions, so Iraq will move from number 10 to the 12 to 10 to the 9 ‘. Saleh added in his statement told ‘Sumerian News’, the’ project differs from the issuance of a new currency, where the consequent not only the deletion of three zeros from the Iraqi currency, but delete the three places a calculation of the Republic of Iraq, which starts from the budget of the family and ending with the general budget of the state ‘, stressing that’ the project infrastructure of incomplete Bosasha and concepts at the bank ‘.Saleh pointed out that the ‘project is a logical scientific economic lies its importance not only reduce the amount of currency, but also by reducing the reproduction arithmetic which would reduce the operational risks because of the large numbers and the large number of errors resulting from it.
‘ He noted the benefit to the ‘project in spite of its importance, it needs to be approved by parliament and the government and the Central Bank of Iraq to its success through the formation of a committee common and have the power to the resolution fixing the date and time of deletion of zeros ‘, noting that’ everyone agrees to the deletion of zeros, but they are skeptics of the time and date of deletion in addition to the ability of the Bank on this project.
“ A member of the Finance Committee in the House of Representatives Haitham Jubouri in the May 15, 2012 that the month of January of next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012, the direct printing of new currency in different categories
The central bank accused in the (12 September 2011), government bodies obstructing the monetary reform and vowed persecuting, loaded with these authorities the responsibility of exposing the interests of the country’s financial risk.
The Iraqi Central Bank Governor Sinan Shabibi at a meeting of independent bodies with Prime Minister Nuri al-Maliki, which was held, in (June 19, 2011), his willingness to create all supplies to replace the Iraqi currency.
It is noteworthy that some economists believe that the Iraq not ready for the time being to delete the zeros of the Iraqi dinar, noting that the deletion needs to be a security and political stability as well as economic stability.