Member of Finance Committee: The Central Bank will not be able to replace the currency in early next year
Member of Finance Committee: The Central Bank will not be able to replace the currency in early next year and prolong the change will make it easy to fraud
On: Sun 07/15/2012 14:10
Baghdad (news) .. Noted member of the Finance Committee MP / block the coalition in Iraq / Hassan Salman al-Bayati, the inability of the central bank to replace the currency in the beginning of the year (2013), because he was able to solve the arrangements for printing the new currency the deleted zeros did not agree on the logos occasion reflect the civilization of Iraq.
Bayati said (of the Agency news) said on Sunday: The Central Bank began two years ago to study and take action to replace the currency, but he was not able to make this task, prompting the bank to demand giving him another year to remove the obstacles that direct replacement of the currency. al-Bayati: It is assumed that central bank is ready the beginning of the year (2013) to replace the currency new deleted zeros, but he was not able to make this task, indicating that the prolonged period of currency exchange will encourage some of mafias to know every detail and facilitates forgery. He added that the process of deleting the zeros are needed in Iraq to facilitate commercial transactions and facilitate carrying the largest monetary value categories are few. and between: that the budget (2013) will be issued currency, the current is not new because they are not ready for circulation, The currency the old will remain for two years in trading in the market to be withdrawn gradually. and called a member of the Finance Committee: World Bank the central and the Ministry of Finance and the Cabinet to speed up the procedures of the new currency, so as not to result from delaying the emergence of fake currency. Finished / 21. d. Q /