Economic Committee: CH VII is grounds for action to apply deletion of zeros

Posted: July 7, 2013 in Iraqi Dinar/Politics
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Calls for the central bank officially delete the zeros from the Iraqi currency
SATURDAY, JULY 6, 2013 14:03

Committee demanded parliamentary economy and investment, on Saturday, the CBI need to delete the zeros from the currency, indicating that this ground for this action are available exit of Iraq from Chapter VII.

A member of the Committee on the economy and investment Mahma Khalil told a news conference attended by the Committee “Twilight News”, “on the central bank to start a restructuring of the currency being a purely economic issue, and that the Iraqi economy is expected to benefit from the advantages we are out of Chapter VII.”

He added that “Iraq is not the only country that deletion of zeros from its currency, Previously Turkey and Lebanon have succeeded to the stability of the economic situation when he slashed zeros from their currencies.”

Khalil pointed out that “the draft delete the zeros Old, and demanded by the central bank, but the Iraqi government demanded to wait until the time-saving manner, and after coming out of Chapter VII fell all the justifications for the implementation of this project.”

He said the “Iraqi constitution between the need to change and delete the zeros from the currency as required by the economic situation of the country, and for the benefit of the Iraqi people.”

For his part, criticized the committee member MP Abdul Hussein Abtan “survival of the zeros of the Iraqi currency. ”

He explained, “is not reasonable to have the Iraqi Central Bank reserves and $ 76 billion so far to deal thousands.”

The CBI said, earlier, that the year 2013 will see the deletion of zeros and the currency exchange, and pointed out that the current currency formed a cluster of large cash estimated at 30 trillion dinars.

He pointed out that the central bank strategy of deleting three zeros and the currency exchange will be at the beginning of a new year and a new budget of the Iraqi state, and predicted that the currency is altered in the new fiscal year for 2013.

Economists see specialists that changing the Central Bank Governor Sinan Shabibi and his deputy, the appearance of Mohammed Saleh and a number of bank officials and bring them to justice on charges of mismanagement and corruption impact negatively on the project to change the currency and raise zeros.

http://bit.ly/15oshDm

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