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Central Bank decides to change the timing of the implementation of the restructuring of the Iraqi currency project and the deletion of zeros

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player46


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Central Bank decides to change the timing of the implementation of the restructuring of the Iraqi currency project and the deletion of zeros
Editor: HL | SS Sunday 07 v 1 2012 15:14 GMT

Alsumaria News / Baghdad
Iraqi Central Bank, Sunday, timing adjustment starting project structuring the Iraqi currency and delete the zeros of them, stressing that it completed the bulk of the proceedings, among that a new currency in circulation must be the beginning of the calendar year where it is determined to start implementation, not through it.

The bank said in a statement issued today, and received "Alsumaria News", a copy of which, "The CBI was briefed on the frequency of reports indicating postpone the implementation of the project restructure the Iraqi currency and deleting three zeros of them," stressing that "the requirements of coordination and cooperation between us and the the legislative and executive branches led to modify the timing of the start of implementation. "

The bank said that "this project is of vital importance to our country, our economy and society," adding that he "completed the bulk of the action on the implementation of the project."

And the bank on the need to "be the new currency in circulation at the completion print must be the beginning of the calendar year where it has been determined start and not during the implementation."

The Parliamentary Finance Committee suggested, on August 9, 2012, on the San Attorney Haitham al-Jubouri be direct delete zeros and the currency exchange during the month of July of next year, and as shown, the central bank has removed all fears, it confirmed that the government will support this project after providing Baijayate and disadvantages.

A member of the Economic Commission parliamentary Hussein Mura'bi in (Sept. 23 2012), that the confusion in the monetary policy makes the country lose about eight million dollars a year, while warning that the issue of deletion of zeros will facilitate the mafia money laundering steal billions without feeling state, called to examine the impact on the general situation.

He accused the Central Bank, (12 September 2011), government agencies of obstructing monetary reform and vowed the persecuting, blaming those entities responsible for exposing the financial interests of the country to danger.

Regarded as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), that the lifting of the zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering economic, warning of "mafias currency" is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes.

Noteworthy that some economists believe that Iraq is currently formatted for the deletion of zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability.


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Shredd

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Well, well, well.....this is a really good one isn't it?

Iraqi Central Bank, Sunday, timing adjustment starting project structuring the Iraqi currency and delete the zeros of them, stressing that it completed the bulk of the proceedings, among that a new currency in circulation must be the beginning of the calendar year where it is determined to start implementation, not through it.

the new currency

in circulation

MUST be the BEGINNING OF THE CALENDAR YEAR

Playa bolded this awesome line: The bank said that "this project is of vital importance to our country, our economy and society," adding that he "completed the bulk of the action on the implementation of the project."

So, this tells us the consistent message that Shabbs cares for his country and in the context of the 000 project MUST move forward.

Amazing article!


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PEGME


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I agree great article Very Happy

Reflection


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Thank you, that's some good readin....

vaquero


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maybe i am interpreting this wrong, but when it talks about bulk i take it is d new currency . hope i am right Smile Smile


And the bank on the need to "be the new currency in circulation at the completion print must be the beginning of the calendar year where it has been determined start and not during the implementation."

so completion is they started n need to finish them? Question

Shredd

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I agree vaquero, that word completion is huge!


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