Council of Ministers request CBI to wait on dropping zeros; There is concern over money laundering and inflation
The Finance Committee’s (et al): Council of Ministers asked to wait for the deletion of zeros that may affect the financial policy adopted by the government A member of the Finance Committee in Parliament MP for a coalition of state law Haitham Jubouri that there is a request from the Secretariat of the Council of Ministers to wait for the policy to delete the zeros that may affect the fiscal policy pursued by the state.
And between Jubouri in a statement singled out by the reporter and agency news news (et): The policy to delete the zeros supporter by the Finance Committee and we had a concern of some things, including the possibility of counterfeiting or money laundering because of inflation, but to Qatna continuing with the Governor of the Central Bank, consultants and general managers squandered these concerns and remove this concern.
He Jubouri that “the central bank independent monetary policy and draw a replacement currency, a decision-maker in this subject, but must coordinate with the Finance Committee because we do our part we exercise the oversight role.
“The government is responsible for fiscal policy and central bank responsible for monetary policy, there must be coordination between them.
And continued a member of the Finance Committee that” there is modern equipment will be used in the process of deletion of zeros, as well as the committees will be the safety valve to ensure that counterfeit currency.