Former CBI Deputy Saleh: Deletion of zeros early next year (playing with fire); Should be at appropriate time

Posted: August 6, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

| on 8/6/2013

Saleh: the deletion of zeros early next year (playing with fire)

The Deputy former central bank governor, on Tuesday, to begin the process of deletion of zeros early next year (playing with fire), indicating that the deletion of zeros should be left to the appropriate time.

And the appearance of Mohammed Saleh said that the deletion of three zeros from the currency means deleting three mattresses accounting records of the Republic of Iraq, he said, adding that the decision to delete the zeros in the coming year is very dangerous and playing with fire, and you must leave this place for a good time.

And that we need to reform the system of currency management and accounting system in the country in general, and that it can not start with only one year of new financial, but the question is that next year (2014) are eligible for this change, and whether the general political situation formatted so, pointing out that project to delete the zeros is a project for the reform of the cash management, and held on the severe monetary policy stability.

He noted the benefit that there are many positive factors encouraging to reform the system of currency management, which affected residues stage inflation and economic downturn suffered by the country, adding that the issue of deletion of zeros does not mean a change in the form of currency, but also is a change of the economic system in the country in general.

He added that the process of deletion of zeros does not cause a change in the fields or monetary obligations, nor a change in the origin of wealth or income, but they changed the issue of cracking figures in the accounting system of Iraq, today the issue of cracking the figures are very difficult, and that the accounting errors in the state, banks and private companies too many Because of this issue.

http://bit.ly/1eqrhQu

Advertisements

Comments are closed.