Council of Ministers calling for a patient to change currency

Council of Ministers calling for a patient to change currency

Babylonian News / Baghdad pm 1:30 Thursday, 5/7/2012

Called on the Secretariat of the Council of Ministers of Iraq, Thursday, to be patient in the case of deletion of zeros from the currency and change, arguing that the mere thought of the withdrawal of about 40 trillion dinars, storage and destruction needs a serious study of the subject.

The Secretary-General of the Council of Ministers on the Keywords that “the government’s view in the case of deletion of zeros from the currency, and change is the patient as the subject because the issue is not a priority at the present time, “stressing that” the Council of Ministers is considering the possibilities and conditions available to such a process. ”

The Keywords “we’re not sure that we are able to control the process of withdrawal of big money in such circumstances, “calling for” no haste about it because just thinking about the withdrawal of approximately 30 to 40 trillion dinars, storage and destruction needs a serious study of the subject. ”

He said: “It not a problem in the current currency because many countries are dealing in this way.”

The Finance Committee hosted (26 June), Deputy Governor of the Central Bank of the appearance of Mohammed Saleh to discuss the mechanism that will be followed by the bank in the process of deleting the zeros and how long this process and changes that will occur on the exchange of currency.

and confirmed a member of the Najia Najib in (July 3, 2012) that “The Council of Ministers approved during the meeting the Governor of the Central Bank on the project to delete the zeros and replacing Iraqi currency after it decided earlier in the patient as the project due to rising dollar on the domestic market for the past few months.”

also revealed other member of the Committee Haitham Jubouri in (15 May 2012) The month of January of next year 2013 will see the deletion of the 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.

what was seen as an adviser to Prime Minister for Economic Affairs (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of “mafias currency “preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.

It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.

Author: n. M.
Source: albabelyia