Finance Committee proposes issuing coins category (50) and (100) thousand dinars instead of deleting the zeros

Member of Finance Committee proposes issuing coins category (50) and (100) thousand dinars instead of deleting the zeros
Date: Monday 07/09/2012 11:06

Baghdad (news) .. Member suggested the Finance Committee MP / National Alliance / Hussain Yasiri, issue new categories of the (50) thousand dinars, (100) thousand dinars, the currency current instead of deleting the zeros of the three of them, the fact that the current circumstances do not allow changing money.
Yasiri said (of the Agency news) said on Monday: There are many problems that will accompany the re-structuring of the currency after you delete the zeros of the three of them when applied will cause rise in prices of goods in local markets because the citizens do not have full knowledge of how to handle the new currency. and he continued, adding that it would cause social problems between (the creditor and the debtor) that is, how to pay the debt, as well as the presence of mafias to rig the new currency ready to put it to markets on the implementation of the project, as well as current conditions experienced by the country Kalnsaat political and fluctuating exchange rate of the dinar against the dollar does not allow the replacement of the national currency, calling for the postponement and not applied. added : you must add the new currencies to the current currency of class (50) thousand dinars, (100) thousand dinars instead of issuing a new currency deleted zeros of the three of them to reduce the liquidity of the money supply sought by the Central Bank through the implementation of this project. and seeks the Central Bank of the application project to delete the three zeroes from the Iraqi currency at the beginning of next year, despite calls from the federal government and some members of the House of Representatives by the wait. / Finished / 8. d. Q /
Source: ikhnews