Faizullah: the project to delete the zeros will not benefit the national economy

Faizullah: the project to delete the zeros will not benefit the national economy

on 8/27/2012 | Author Muhannad David | readings 6 |

Righteousness electronic / Baghdad

Likely Deputy Finance Committee Chairman 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, noting that the draft deletion of zeros from the currency does not add anything to the national economy but will cost him large sums for operations printed and other currency .

Said Faizullah: (The Committees economic and financial Alniabaten plan to host the central bank governor touched on important topics concerning the local currency and the national economy كعمليات sale of hard currency in the auction to reduce the smuggling of currency and money laundering, as well as talk about the project to delete three zeros from the currency and the possibility of applied .

He 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 the positive or negative, but would disrupt citizens in the process of switching the currency and will cost the state large sums of Operations Copyright and contracting with companies and transportation. Faizullah advised not to apply the project during the current period of fear and occurrence coincides economic problems with its implementation .

The Central Bank of Iraq announced (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 project deleting three zeros from the local currency, stressing that he is a big project and needs to be enough time to apply .
Source: alestiqama