ECONOMIC COMMITTEE MEMBER: THE APPLICATION OF DELETING OF ZEROS FROM THE CURRENCY IS NECESSARY BECAUSE THE PUBLIC BUDGET WILL REACH $200 BILLION DOLLARS IN 2015
Date: 22/09/2012 05:53:44 Saturday
Baghdad (news) .. called decision Economic Committee MP / coalition of Kurdish blocs / Mahma Khalil, to the need to apply the project to delete the three zeroes from the currency during the next two years to reduce the money supply and to facilitate financial players in the counting and counting budgets coming, likely that reaches the general budget to (200) billion dollars in (2015).
Khelil said (of the Agency news): The restructuring of the Iraqi currency by deleting three zeroes which is necessary for the local currency because of the mass of large cash in the market, they must implement the project within the next two years.
He added: Budgets Iraqi Finance will increase gradually over the coming years and will reach (200) billion dollars, up more than (240) trillion Iraqi dinars These require deleting three zeroes from the currency in order to facilitate the work of the Ministry of Finance and the relevant committees budget that is money and Ihsoua more accuracy and clarity .
and pointed out: that the Iraqi constitution gave the authority of the Central Bank in the currency change and restructuring For the central bank accelerates the implementation of the project is not in the next year, but must at the beginning of the year (2014).