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ECLAC: delete zeros from the currency and restructuring is necessary to support the country's economic identity, especially after chapter 7

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player46


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ECLAC: delete zeros from the currency and restructuring is necessary to support the country's economic identity, especially after chapter 7
Saturday, 06 July 2013 17: 15 |  |  |






{Baghdad: Euphrates news} the parliamentary Economic Committee pointed out that the deletion of zeros from the currency and restructuring is necessary to support the country's economic identity, especially after the end of Chapter VII.

Committee members said mehma Khalil and Abdul Hussein abtan told a press conference in the Parliament building attended by correspondent {forat news} we are "on the parliamentary Economic Committee feel that the time is appropriate to start deleting zeros from the currency and restructured to support the country's economic identity and for the benefit of the people."

Khalil said that "after Iraq from Chapter VII, there are stations and many promising and substantial benefits to the country's economy to support economic identity, Iraqi dinar, this case is purely economic objective of maintaining currency."

Khalil called "Central Bank of Iraq to start deleting zeros of the Iraqi currency and restructured, adding that the project is an old Central Bank has demanded that the Government should wait until the appropriate time and today we see that the time has come to start this project."

"As there is a clear constitutional provision provides for the issuance of coins and currency for economic purpose and benefit of the people, and today the Commission considers that the time is appropriate, given that there are promising the Iraqi economy to support economic identity, Iraqi dinar, the currency did not know her and promising future quotas."

He said that "in light of the country's great potential and promising economic stations, we hope to be the next financial budgets."

The parliamentary Economic Committee member Khalil mehma "current currency large bloated latlik of the country and the people a strong desire to keep the Iraqi dinar to the dollar and other currencies compete."

Member of the parliamentary Economic Committee on citizen Abdul Hussein abtan block has indicated that "the Central Bank said the reserves reached $ 76 billion and have Iraqi dinar befitting the country and these deposits and payments it is delete zeros and structuring currency has become an urgent necessity."

"It is not reasonable to have Iraq reserve has reached $ 76 billion, and we are still dealing with 1,300 dinars to the dollar, then what is the benefit of these stocks and funds if not reflected positively on our citizens, where the unemployment rate is 7% and over 20% and the edge of the poverty line when more than 30%.

Abtan said "we believe that the Iraqi dinar must improve against the dollar as it is not true that the reserve of the country today has reached $ 76 billion Iraqi dinar at 1280 for aldollar".

"The improvement in the status of the Iraqi dinar is reflected on the lives of citizens and the purchasing power and everything is in the country of goods is imported, so when the improved purchasing power will be reflected positively on his life and that's what we expect from the Central Bank of Iraq".

The "multiple revenue growth in the country is modest and simple compared to existing privileges and the evolution of the Iraqi economy depends on vision and management economic profile better than the current situation."

He is a member of the parliamentary Economic Committee, Abdul Hussein abtan said that "Turkey and Lebanon were zeros from their currencies, so how about Iraq that owns this alahitati great argument was chapter VII and now has gone and removed, why keep the zeros".

Abtan concluded that "an increase in the Iraqi dinar against the dollar is very vital to the citizen, which is not enough to have deposits of billions at the Central Bank against poverty and unemployment, weak purchasing power."

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Shredd

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Simply awesome article!

Urgent

Expected

Benefits the people


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"Do not wear yourself out to get rich" - Proverbs 23:4

Reflection


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In past articles, it's been stated that the CBI is in control of starting and handling the 3 zero project. Maliki has tried hard to gain control so the GOI can handle the money. This seems like the same thing to me. I don't think the CBI will budge.


Khalil called "Central Bank of Iraq to start deleting zeros of the Iraqi currency and restructured, adding that the project is an old Central Bank has demanded that the Government should wait until the appropriate time and today we see that the time has come to start this project." wrote:


1st, The GOI is calling for the CBI to start deleting zeros.

2nd, the CBI is demanding the GOI to wait for the right time.

3rd, the GOI says its the right time.......but articles in the last few days the CBI has stated it's waiting.....


parothead

parothead
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Great article Player!!

tlm724

tlm724
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Well now what do we have here ??? A press conference huh... who you tellin Iraq ?? The citizens, the world perhaps ??  Is this the GOI saying "hey Turki lets do this" ??  The same people who screamed  "no don't do it the sky will fall" ?? Well I'll be dayumed.... I can hear it now Turki says " Are ya sure ? "  GOI says "yup !" So now ask yourself this, how ya gonna curb speculators now Turki ?? Just sayin.... Thank you playa slaya !!! Cool



Last edited by tlm724 on Sat Jul 06, 2013 7:44 pm; edited 2 times in total


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Shredd

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Woot Woot Timmy!!!!


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"Do not wear yourself out to get rich" - Proverbs 23:4

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