Committee member asks CBI to avoid urgency of dropping zeros; Clarify how it will affect budget

Posted: July 13, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

12:31 07/13/2013
Economic parliamentary: the process of deleting zeros of ستربك currency state budget

counting a member of the parliamentary economic committee Hussein the process of deletion of zeros from the Iraqi currency as the state budget.

said in a press statement that “the urgency on the subject of deletion of zeros from the currency will lead to a major embarrassment for the government.”

He continued, “We as members of the parliamentary economic committee advised the central bank to wait and lack of urgency and to clarify the dimensions of this issue to the Parliament as well as to the government.”

The المرعبي explained that the deletion of zeros from the currency would disrupt the general budget and will help to currency smuggling and reduce liquidity and increase inflation by up to 100%, he says.

He pointed out that “there are poorer in cash and may not experience we can manage this file for the time being efficient and transparent.”

He said “We do not have a clear vision of the possibilities of the central bank in the management of this thorny issue being works full independence from the government and parliament”

http://bit.ly/13XXRZP

Alternate article:

A member of the Committee of Economy Yeh parliamentary Hussein المرعبي, the process of deletion of zeros from the currency of Iraq Yeh as ستربك the state budget, and will help to currency smuggling and reduce liquidity and increase inflation by up to 100%, stressing that the urgency in the subject to delete the zeros will lead to major embarrassment for the government .

He المرعبي in a statement on Saturday, “We as members of the Economic Commission representative, advised the central bank to wait and lack of urgency and to clarify the dimensions of this issue to the Parliament as well as to the government, “referring to the poverty in the experiences cash may not help to manage this file is currently efficiently and transparent.

Mention, that the parliamentary economic committee called “central bank” of the need to delete the zeros from the currency, after the available floor exit of Iraq from Chapter VII of the Charter of the United Nations .

http://bit.ly/13dculE

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