The Central Bank has reservations on the deletion of zeros from the Iraqi currency is currently
The Central Bank has reservations on the deletion of zeros from the Iraqi currency is currently
BAGHDAD – Iraq Press – February 20 2015
With economists said earlier that the deletion of zeros from the currency is a restructuring of the coin, and the ease of digital accounts burden treasurers, and alleviate the burden of accountants with that procedure is not appropriate now to the lack of security stability and economist in the country, announced in the parliamentary finance committee member Friday, the central bank kept the deletion of zeros from the Iraqi currency, pointing out that “the central bank has reservations on this subject a little bit.
He said a member of the Finance Committee, Masood Haider, said that “the process of deleting the zeros need to be in-depth study, because they have a large impact on the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general.”
And added 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 and must conduct a study Bbashon deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists Iraqis in the Board of the currency and the economy.” Admiral ended
iraqpressagency.com
