Member of the Finance Committee: 99% success rate of replacement of the currency in the world

Member of the Finance Committee: 99% success rate of replacement of the currency in the world

on 7/17/2012   9:30

BAGHDAD / electronic integrity

He said the parliamentary Finance Committee member Faleh Al Sari said 99% success rate of replacement of the process and delete the zeros in the world.

That the money supply in the markets is the large mass when compared to the size of trades and the magnitude of the current budget and investment budget yearly, indicating that it was successful experiences and influenced a positive impact on the price of sale and purchase of the currency and we see very necessary to have a well defined plan.

Said Sari’s newspaper “integrity of electronic” Today, more than 35 trillion dinars from the currency in the market now and the process of buying and selling requires citizens or any other party with a large amount of money so it became very necessary to be replaced by the currency will also be motivated influential in the psyche of the citizen and the confidence of global markets in Iraqi currency.

He explained that the Commission confirm that 99% of the experiments in the switching rates for many countries, the replacement of its currency, or that the deletion of zeros, adding that the beginning of this month is a time appropriate to replace them as a mid-year and allows for the new currency that down in the markets before the preparation of the state budget for 2014, which give new impetus to the currency and high purchasing power as the issue does not depend only on the delete, but there is a small and diverse currencies will contribute to the speed of trading.
Source: alestiqama