BAGHDAD - My Day
Commended the deputy governor of the Central Bank of the appearance of Mohammed that the draft deleted three zeros from the Iraqi currency does not need new legislation but issued a regulation to serve as instructions as stipulated by the Central Bank Law. Saleh said: The Central Bank Law gave full authority of the monetary authority to change the structure of the Iraqi currency, or delete the zeros of which can not be new legislation for the project to delete the three zeroes from the currency as it has been discussed twice in the House and Minister, and became the authorities of the executive and legislative branches more familiar with it, noting that the project needs to issue a regulation serves as an instruction published in the Official Gazette, and the Central Bank is in the process configured. He added that the central bank cut a long way stages of the preparation and implementation of this project through consultation with the States, which fought the experience of replacing the currency after you delete the zeros of them and find out cons of the project and its advantages, as well as extensive studies it, and work is still going to be implemented, likely implemented in the (1/1 / 2013) after obtaining formal approval by the federal government and Saleh pointed to the existence of consensus in principle from all parties in the Iraqi state to implement the project, saying the project to delete the zeros Balasalahi of the Iraqi currency, as it reduces the large numbers that cause big problems in the system of cash payments of the Iraqi the number of digits and the difficulty of counting Kalmbalg of up to trillions and Deputy Governor of Central Bank: The financial situation of Iraq has become well by increasing its oil exports, so the system of cash payments in Iraq does not fit with the next phase which will see the economic development, but after deleting three zeros of the local currency and the parliamentary Finance Committee has asked the central bank put a new law for the project to delete the three zeroes from the Iraqi currency, as it is a big project and a critical interest to the general and the Iraqi people. In the context of the Iraqi Central Bank denied the news about stopping the dollar remittances of Foreign Affairs. Said Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in a press statement: The Central Bank of Iraq continuously transfers and external validity to shut off. He added that currency traders are trying to broadcast rumors to raise the price of the dollar to higher levels, leading to damage to the national economy and the currency exchange market has seen a rise on the dollar exchange rate reached 1127 dinars per dollar.
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