Iraqi official rule out the deletion of zeros from the currency during the current period
Iraqi official rule out the deletion of zeros from the currency during the current period
July 9, 2013
Ruled out Faleh applicable member of the Finance Committee parliamentary Iraqi parliament to delete the zeros from the currency during the current period due to poor political and security situation in the country. said, in effect, that the Finance Committee representative has asked the central bank to wait on the subject of currency exchange due to the conditions of political, security and near the time of the parliamentary elections, noting that this topic would be delayed until after the next election and he can not initiate its application at the moment, and he said, adding that the experience of the deletion of zeros from the Iraqi dinar were not the first experiment of its kind, as some predict, but that there are many experiences in the world has proved successful, pointing out that a number of measures must be taken when you begin to replace the currency of which strengthen the purchasing power of the dinar. explained that he must permeate mechanism deletion of zeros from the dinar great technique ensure that fraud when you change the currency, he said that the process of withdrawal of currency must be included within the mechanisms and procedures include the lack of pushing counterfeit currency Place the new currency, and this will contribute significantly to the support of the Iraqi dinar and strengthen the economy. noteworthy that the parliamentary economic committee has asked the central bank need to delete the zeros from the currency after the available floor exit of Iraq from Chapter VII.
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