Central Bank calling for the application to delete the zeros early next year
according to a member of the Committee of Economy and Investment Attorney Nora Albjara, that the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country is still prepared to replace the national currency.
said Albjara, on Tuesday, “The Central Bank of Iraq sent a letter to the Committees of Finance and economic development in the House of Representatives expressed its readiness to implement the project to delete the three zeroes from the currency over the next year and contains a detailed explanation of the project and the stages of implementation for the purpose of discussion in the House of Representatives and determine the timeframe for its implementation, “indicating that” most members of the House of Representatives rejected the application of the project in the next year being a big project and needs to be enough time for discussion and study, as well as they see that Iraq is still not ready to prepare fully for the implementation of the project and the fear that casts a negative impact on the national economy and the local currency. “
and added that “the Economic Commission representative will hold a meeting in the coming days to discuss the project and may be from which to call the Governor of the Central Bank and hosted by the House of Representatives to clarify paragraphs stages of project implementation and the possibility of readiness.”
The Central Bank of Iraq announced on 29 September that year 2013 will see the deletion of zeros and replacement of the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the planned changes.
has called for the prime minister’s central bank to wait a project delete the three zeroes from the local currency, certain that a large project and need adequate time to apply it.