Committee on Economics: a major project to replace the currency is not entitled to the Central Bank

Committee on Economics: a major project to replace the currency is not entitled to the Central Bank carried out without reference to the House of Representatives

Saturday 4 August 2012

Agencies – accused member of the Committee of Economy and Investment National Alliance MP Salman al-Moussawi, the central bank to waive the powers of the House and Minister for replacing the local currency.
Moussawi said in a press statement: “At the meeting of the Economic Commission with the central bank governor and his deputy, it became clear that the currency project not delete the zeros of all but replaced the national currency entirely with the change of symbols and format and the introduction of the Kurdish language to it, and this is not the work of the Central Bank because it is a major project that affects the state spectra of all the Iraqi and doctrines.

He added, “that the Constitution grants full powers of the Federal Government in the implementation of important projects affecting the citizen as a project to replace the national currency and the need to legislate a new law presented by the Committees of Finance and economic development in the House of Representatives is voting on it and then the federal government to implement it, is not entitled to the Central Bank a Any change in the currency without reference to the House of Representatives. ”

He warned: the replacement of the currency and delete the three zeroes of them during the current period because it would harm the national economy as it is still Rieia dependent on oil, but must figure out how to support the economy of the activation of its different sectors and the private sector and then go to the application of a project to replace the currency after you delete the zeros of the three of them. ”

He ruled the Attorney-Musawi: implementation of the project in the coming year, saying he needed enough time to apply to begin with the support of economic sectors and then applied to avoid the country’s economic problems may occur when you implement it.
Source: alrayy