Parliamentary Finance: Central Bank lingered process of deletion of zeros to stop the objections of economists on the project
Sept/11/2012 Tuesday

BAGHDAD - A follow-up: Male member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, the central bank lingered cause the deletion of zeros from the Iraqi currency, the large number of economists objections to this project.

Yasiri said: The deadline for the deletion of zeros from the Iraqi currency was agreed at the beginning (2013), except that the central bank declined to process an unknown time because of objections by some economists of a possible collapse in the national currency.
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He added that stop the media campaign regarding the removal of zeros to make the central bank to take the position of silence about the process, calling for the federal government and the Ministry of Finance and the Central Bank to take a final position of the process of deletion of zeros and determine given time to replace the currency to reduce fraud that has spread dramatically.

He emphasized that the deletion of zeros from the currency will reduce the money supply and prevent Iraq from a country with a density and mass of large cash transactions in the market to block more and smaller credit.

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