Saleh’s “Awan”: the deletion of zeros early next year “playing with fire”
Saleh’s “Awan”: the deletion of zeros early next year “playing with fire”
Published on Tuesday, August 06 / August 2013 12:01
Written by: Publisher
Baghdad Awan
The Deputy former central bank governor, on Tuesday, to begin the process of deletion of zeros early next year “playing with fire”, pointing out that the deletion of zeros should be left to the appropriate time .
He said the appearance of Mohammed Saleh, told the “Awan”, that “deleting three zeros from the currency means deleting three orders of Records calculation of the Republic of Iraq,” adding that “the decision to delete the zeros in the coming year is very dangerous and playing with fire, and you must leave this place for the time appropriate. ”
And that “We need to reform the system of currency management and accounting system in the country in general, and that it can not start with only one year of new financial, but the question is that next year (2014) are eligible for this change?, And whether the general political situation formatted for that?” , pointing out that “the project to delete the zeros is a project for the reform of the cash management, and is held on the policies of severe monetary stability.”
He noted the benefit that “there are many positive factors encouraging to reform the system of currency management, which affected residues stage inflation and economic downturn suffered by the country,” adding that “the issue of deletion of zeros does not mean a change in the form of currency, but also is a change of the economic system in the country in general . ”
He added that “the process of deletion of zeros does not cause a change in the fields or monetary obligations, nor a change in the origin of wealth or income, but they changed the issue of cracking figures in the accounting system of Iraq, today the issue of cracking the figures are very difficult, and that the accounting errors in the state, banks and private companies many Because of this very subject. ”
awaniq.com
