Parliamentary Finance: Central Bank qualify the deletion of zeros from currency
Parliamentary Finance: Central Bank qualify the deletion of zeros from currency
20/02/2015 12:15 GMT
Follow-up – and babysit – announced Almalahalgnapeh Committee, on Friday, for the central bank kept the deletion of zeros from the Iraqi currency.
The committee member said Masood Haider, “it was a lot of studies on the subject of deletion of zeros from the currency,” adding that “the Central Bank has reservations about this thread a little bit, and we did not Nstda central bank director was not met, done to discuss this matter, as well as other officials in Bank “.
He added that “the process of deleting the zeros need to be in-depth study, because they greatly affect the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general.”
Haider said that “the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal, all the things you need to take some time.”
He pointed to “the need to conduct a study regarding the deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists in the Iraqi Board of currency and the economy.”
alrayy.com
