Postpone the deletion of zeros from the currency

Postpone the deletion of zeros from the currency


{Baghdad: Euphrates News} A member of the Committee on the economy and investment representative, Amer winner, said the project to delete the zeros from the national currencystill exists, but it is in order for commercial reasons, in addition to the receipt of intelligence information for the creation ofcounterfeit currency for the purpose of replacing the new currency.

He said the winner told the News} {Euphrates on Tuesday that “the project is still in place and everything in it that he delayed not only, we want to apply the law in 01/01/2013, but he asked later postponed for economic reasons, as it leads to a disruption in the commercial market and the general situation does not help, he asked to postpone the work in it. ”

and “The General Secretariat of the Council of Ministers may linger in the project, in order to the country’s economy internal,” noting that “we have agreed with the central bank in order not to make a fuss in the market through the implementation of the project, and because the old currency will not fall but will continue to work out as well as the new currency for a period of two years, for example, goods are priced in the new currency specified in the old fixed as well, and for a period of two years, the old currency intervention by the Central Bank gradually and will not leave until implemented from the market. ”

said the winner “as he may been wait-implementation of the project, to the receipt ofintelligence information indicating that there is a coin forged many abroad in neighboring countries, and even some of them inside Iraq, prepared for the purpose of replacing thenew currency, considering that the old currency will damage, so it has to implement in order to develop a mechanism to control this issue, and control at border crossing points. ”

It is noteworthy that the central bank announced earlier that the project to delete the three zeroes from the Iraqi currency will transfer the country from a country trillions to billions.

confirms economists importance of deletion of zeros from the currency current, which applies to reduce inflation and achieve a breakthrough in the economy currency of the country a few new banknotes and coins sober mimic the rest of the world. was the General Secretariat of the Council of Ministers announced in April 2012, for a patient in the application process to delete the zeros from the currency.

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