Delete the zeros will not benefit the national economy and will cost the state huge amounts of money

Vice Chairman of the Finance Committee: the project to delete the zeros will not benefit the national economy and will cost the state huge amounts of money

Date: 25/08/2012 11:36:45 Saturday

Baghdad (news) .. Likely Vice President Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, host central bank governor during the next few days in the House of Representatives to discuss the sale of the currency and the project to delete the three zeroes, adding that the project to delete the zeros of the currency does not add anything to the economy National but cost him large sums for operations currency printing and others.
said Faizullah (of the Agency news) on Saturday: The Committees economic and financial Alniabaten plan to host the central bank governor touched on important topics that concern the local currency and the national economy كعمليات sale of hard currency in the auction to reduce operations currency smuggling and money laundering, as well as talk about the project to delete the three zeroes from the currency and applicability. explained: that Iraq does not need to switch its currency at the moment that the country is in a state exceptional and unstable fully, adding that he will to Abiv nothing to the national economy, both in terms of positive or negative, but would disrupt citizens in the process of switching the currency and will cost the state large sums of printing and contracting with companies and transportation. advised Faizullah not to apply the project during the current period, fearing economic problems coincide with implementation. was the Iraqi Central Bank announced in (29 September 2011 ) that the year 2013 will see the deletion of zeros and the currency exchange, which warned officials and economists because there mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the planned changes, and demanded the prime minister’s central bank to wait to draft deleted three zeroes from the local currency, asserting that the draft large and needs to be enough time to apply. / end / 8. d. Q /
Source: ikhnews