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Rush to delete the zeros currency .. Vice: You must start early 2013
10/07/2012 12:00 am
BAGHDAD / future Iraqi
According to a member of the Economic Committee in the House of Representatives Abdul Hussein Abtan, the need for the Iraqi market, to the project to delete the zeros from the Iraqi currency early 2013 to save the country from increasing rates of economic inflation, stressing that the postponement of the project to 2014 will hurt the country's economy.
Abtan said is necessary to move from currency zeros that increase the mass of financial and makes them an easy way to theft and loss to a more sophisticated currency, pointing out that the project to delete the zeros is a message to the civilized world that Iraq's economy is getting better day by day.
He added that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization. For his part, stressed the economic expert Abdul Hassan al-Shammari, the need to apply the project to delete the three zeroes from the currency because it hurt to serve the citizen and the national currency by reducing the monetary blocs with large groups in the local market.
Al-Shammari said that the implementation of the project restructuring of the Iraqi currency after deleting three zeros necessary because it will serve the citizens and the national economy as the large groups will be transformed into a thousand small unit, which will facilitate transactions in the market and accounts for government departments.
He pointed out that the state printing of banknotes annually about 250 - $ 750 million per year, when the implementation of the project will cut the federal government for printing new currencies annually saving money could be used in projects of the country.
And was the prime minister asked the central bank to wait to draft deleted three zeros from the local currency, stressing that he is a big project and needs to be enough time to implement it.
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10/07/2012 12:00 am
BAGHDAD / future Iraqi
According to a member of the Economic Committee in the House of Representatives Abdul Hussein Abtan, the need for the Iraqi market, to the project to delete the zeros from the Iraqi currency early 2013 to save the country from increasing rates of economic inflation, stressing that the postponement of the project to 2014 will hurt the country's economy.
Abtan said is necessary to move from currency zeros that increase the mass of financial and makes them an easy way to theft and loss to a more sophisticated currency, pointing out that the project to delete the zeros is a message to the civilized world that Iraq's economy is getting better day by day.
He added that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization. For his part, stressed the economic expert Abdul Hassan al-Shammari, the need to apply the project to delete the three zeroes from the currency because it hurt to serve the citizen and the national currency by reducing the monetary blocs with large groups in the local market.
Al-Shammari said that the implementation of the project restructuring of the Iraqi currency after deleting three zeros necessary because it will serve the citizens and the national economy as the large groups will be transformed into a thousand small unit, which will facilitate transactions in the market and accounts for government departments.
He pointed out that the state printing of banknotes annually about 250 - $ 750 million per year, when the implementation of the project will cut the federal government for printing new currencies annually saving money could be used in projects of the country.
And was the prime minister asked the central bank to wait to draft deleted three zeros from the local currency, stressing that he is a big project and needs to be enough time to implement it.
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