Deleting the zeros is still a proposal that needs finalized; Says new currency in 2013 is a “fantasy”


The Central Bank is talking about the deletion of zeros and currency exchange beginning of 2013, “a fantasy”


CBI, Sunday, talking about the deletion of zeros and the replacement of the Iraqi currency early next year 2013, “a fantasy”, as he emphasized the need to be replaced in the currency of a new financial.


The deputy governor of the Central Bank of the appearance of Mohammed Saleh in a press statement, “” The draft restructuring currency and delete the zeros are still just proposals nor approved so far and remains a dead letter, “noting that” the Finance Committee in the House of Representatives are still trading with the bank on it and the time at which it is replacing the currency. “


Saleh added that “any thought about replacing the new currency after deletion of zeros starts with the beginning of 2014 and up, if approved by the Council of Ministers on the project since the Council’s decision to wait still continues until now,” adding that ” talking about the deletion of zeros and the replacement of the Iraqi currency beginning of the year next 2013 pure fantasy. “


He pointed out that in favor of “currency replacement must be with a new financial”, adding that “private accounts, the Iraqi government can not be recorded in the same year two forms of financial values.”


He was a member of the Finance Committee Haitham al-Jubouri announced (15 May 2012), “that the month of January of next year, 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012, the direct printing of the new currency various categories.


And the Finance Committee hosted in the (June two thousand and twelve twenty-six), the deputy governor of the Central Bank of the appearance of Mohammed Saleh to discuss the mechanism that will be followed by the bank in the process of deletion of zeros and how long this process and the variables that will occur on the currency exchange.


was a member And the Finance Committee of parliamentary Nagia Najib announced in an interview for “Alsumaria News”, in (July two thousand and twelve three) that the next budget year two thousand and thirteen will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in the Iraqi currency behind the adoption of the Central bank project delete zeros.


accused the central He bank (12 September two thousand and eleven) governmental bodies obstructing monetary reform Vowed and persecuting, Blaming the authorities responsible for exposing the financial interests of the country to danger.


was seen as What an adviser to Prime Minister for Economic Affairs in the (twenty-five August 2 011), that the lifting of the Zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of Tampering with the economic, warning of “Mafias currency” is preparing to rig the Trillions of Iraqi dinars to replace them in light of changes anticipated.


It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros from its currency, noting that the deletion needs to stabilize the security and political as well as economic stability.