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Parliament: draft financial structuring currency is premature Created on Thursday, April 18, 2013 08: 10

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oogie

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Baghdad/Orr news
The parliamentary Finance Committee confirmed not to discuss the draft restructuring of the currency and reduce the incidence of fraud in house sessions usually topic is premature.


The Committee said the Attorney Secretary Hadi "the draft restructuring of the currency is premature and the subject has not been discussed in the meetings of the Council but there is a process or project to delete the zeros and it is discussed during the meeting the Commission limit the Governor of the Central Bank to discuss the process of selling the dollar auction". Its member of Parliament is considered a smart Attorney Najeeb, the restructuring of the Iraqi currency and removing three zeros became necessary as the project is economically viable and positive effects. Najib said in a statement Wednesday that "the draft restructuring of the currency despite the challenges and difficulties facing economic, security and political feasibility but is great for the country, noting" that the project has become necessities which must be implemented on the ground in the current term.

"In need of concerted efforts and cooperation of all governmental institutions of the Central Bank, the Executive and Parliament to enact some laws, including the law guaranteed the indebtedness to the creditor the right amount to condemnation after deleting zeroes." and noted that former Central Bank Manager led by Sinan Shabibi and appearance of Mohamed Saleh brought this project to the ends of the crucial and negotiated with solid global companies have a strong reputation in the world in terms of accuracy and reduce the incidence of fraud and counterfeiting. "

"Great harmony between the Executive and legislative institutions of State will increase the success of practical procedures especially that will remove the zeros will take more than two years.

The parliamentary Finance Committee, asserted that the Central Bank according to official correspondence begins this year with three zeros from the delete actions in the local currency, saying it will lead to the development of international economic and monetary transactions.
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