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Economist: CBI should implement deletion of three zeros project this year to support national currency

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parothead

parothead
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Posted: January 6, 2013 in Iraqi Dinar/Politics
Tags: Baghdad, Central bank, Currency, economy, Iraq, Iraqi dinar, Quraishi, Sunday


Date: 13/01/06 08: 24: 54 Sunday

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Baghdad (newsletter) … The Economist called a Quraishi, the need to apply the delete three zeros currency because it hurt to serve the citizens and national currency by reducing large groups cash blocks in the local market.

Quraishi said (News News Agency): the implementation of the restructuring of the Iraqi currency after deleting three zeros were necessary because it will serve the citizen and national economy as large groups would turn into a small unit, which will facilitate market transactions and accounts for State services.

He added: the Government must support the national project that will contribute to strengthening the power of the Iraqi dinar and the national economy, stressing the importance of accelerating its implementation during the current year.

The Central Bank is preparing to implement a project to delete the three zeros national currency after the completion of all procedures related to the project, but so far no date has been set because application calls some officials to postpone it.

The Council demanded that the Prime Minister of the Central Bank to wait to delete the three zeros from the local currency, saying that a large project and needs sufficient time to apply

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