Due to rising inflation, now is not the time to drop zeros, says economic affairs official. Economic Committee agrees, early next year

Posted: August 25, 2013 in Iraqi Dinar/Politics
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Economic
A: this is not the time to delete the zeros because of increased rates of inflation

25-08-2013 11:52 AM
Baghdad (newsletter). Stressed by Economic Affairs called Abdul Hadi, the time was not ripe for delete zeros from the currency because of the high rates of inflation in Iraq.

Abdul Hadi (News Agency): the Central Bank determines the time for the deletion of zeros that need parameters and data bank with high transparency.

He added: this is not the time to delete the zeros because inflation continues to rise in Iraq, although these percentages are not significant, noting that the deletion was needed to stabilize the Iraqi currency in order to make it easier for the citizen.

The parliamentary Economic Committee agreed that the implementation date of the project to delete the three zeros from the currency when early next year

http://bit.ly/17d0jLD

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