Committee to schedule the deletion of zeros

Committee to schedule the deletion of zeros

Date: Monday 07/02/2012 1:23

 Baghdad / description Hashem
plans to the central bank switches the local currency during the next two years, and the inclusion of the Kurdish language in official currency of the new, to be traded within the banks at the same time calling for the formation of a joint committee by the central and both houses of parliament, ministers and economic experts to study the project to delete the zeros.

The deputy governor of the Central Bank of the appearance of Mohammed’s “long” that “the central bank intends to change the currency during the next two years, to be treated the old currency for 10 years to come.”
and the appearance that the reason for the currency exchange is due to hit from fraud because of the deterioration of the local economy During the past three decades. ”
adding that “every zero will be deleted from the currency was a decade of economic recession.”
He said, “the Kurdish language would be added with Arabic and English for the new currency.”, indicating that the forms of currency will include symbols and Iraqi national unity Kalzkorh, dams and Palm. I suggest for the formation of a joint committee by the central and the House of Representatives, ministers and economic experts to study the project to delete the three zeroes from the currency and the time limit for its application.
and Saleh said that the central bank completed all the procedures relating to the draft restructuring of the local currency after you delete the zeros of the three of them, put certain models of the form of currency The civilizations of Iraq and old religious shrines and monuments of archaeological and infrastructure such as dams and bridges have been submitted to the executive and the legislature for approval. He pointed out that he does not need legislation to law but to a regulation issued by the Council of Ministers and published in the Official Gazette (the facts) because the Central Bank Law No. (94) for the year 2004 specifically in Article (37) gave the authority of the central issuing a new currency and its design and organize Blaúhh law called the “system” is different from the law.
He added that the project is now delayed by the federal government and is not known at the time the end of the patient, pointing out that he needs to form a joint committee by the Central Bank and some members of the House of Representatives Committees on Economic, financial and the Council of Ministers as well as experts and specialists to find out the most important developments pertaining to the project, and continued: against which specifies the time period to apply for that important project to serve the national economy must be implemented. that Iraq is seeking a new step to delete the zeros from the currency and change shape.
Source: almadapaper