Parliament: the project to delete the zeros will not benefit the national economy
BAGHDAD - morning : likely Vice President Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, host central bank governor during the next few days in the House of Representatives to discuss the sale of the currency and the project to delete the three zeroes, noting that the project to delete the zeros of the currency does not adds nothing to the national economy but will cost him large sums for operations currency printing and others.
said Faizullah: (The Committees economic and financial Alniabaten plan to host the central bank governor touched on important topics concerning the local currency and the national economy sale of hard currency in the auction to reduce the smuggling of currency and laundering funds, as well as talk about the project to delete three zeros from the currency and applicability.
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explained's (news): that Iraq does not need to switch its currency at the moment that the country is in a state exceptional and unstable fully, adding that he will to Abiv nothing to the national economy both in terms of the positive or negative, but would disrupt citizens in the process of switching the currency and will cost the state large sums of printing and contracting with companies and transportation. advised Faizullah not to apply the project during the current period, fearing economic problems coincide with implementation.
was the Iraqi Central Bank announced in (29 September 2011) that the year 2013 will see the deletion of zeros and the currency exchange, which warned officials and economists because there mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the planned changes, and demanded the prime minister's central bank to wait to draft deleted three zeros from the local currency, stressing that major project and needs to be enough time to implement it.