Economic Commission: The current economic situation does not allow the replacement of the currency
Economic Commission: The current economic situation does not allow the replacement of the currency
Date: Monday 07/09/2012 0:29
BAGHDAD – A citizen
said a member of the Committee of Economy and Investment MP / National Alliance / Abdul-Hussein Resan Husseini, the economic situation is appropriate to the issue of deletion of zeros from the currency and replace it now.
Husseini said in a statement received (citizen) a copy of it on Sunday, “The process of deletion of zeros of the coin is a change of form and value, noting that such a thing requires legislation law as enshrined in the Constitution. “and added that the economic situation of the country is not suitable for such a change at the present time, not to mention the lack of real reforms to the banking sector. For his part, commented Deputy on the mass of the Liberal Abdul-Hussein al-Husseini Resan Member of the economy and investment representative on the issue of deletion of zeros from the currency, that the economic situation is not suitable for such a change in the time banning. Husseini said that “the process of removing the zeros from the currency is a change of form and value, noting that such a thing as the law requires legislation enshrined in the Constitution.” He pointed out the inadequacy of the economic situation of the country to such a change in the time banning, not to mention the lack of real reforms to the sector Almassarvukant Secretariat of the Council of Ministers has called to be patient in the case of deletion of zeros from the currency and change, arguing that the mere thought of the withdrawal of about 40 trillion dinars, storage and destruction needs to the serious study of the subject.
Source: almowatennews