Deletion of Zeros or Currency Restructure Postponed; Implemented most likely After 2014 Elections and Formation of Government – Says Committee Member

Posted: December 10, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Screen Shot 2013-12-10 at 5.15.17 AMAnnounces the postponement of the parliamentary Economic implement raise zeros from the currency to the next parliamentary session
Tuesday, 10 January 1 / December 2013 07:38

Announced the parliamentary Economic Committee, the central bank to postpone the project raise zeros from the Iraqi currency to the next parliamentary session.

Committee member, said the MP for the Kurdistan Alliance, Najiba Najib, told all of Iraq [where], “The project to delete the zeros feet of the previous administration of the Central Bank at the time of any Shabibi former Fed governor . “

She added: “There were preparations and preparations by the administration about those restructure the currency , including the Iraqi delete the zeros, and they had the good steps taken by them on this issue and were waiting for government approval to start the project. ”

Najib explained that “the new administration of the Central Bank, which is headed by Abdel Basset Turkish agency has other plans and procedures,” indicating that they are “looking at the project raise zeros that he is not in too early.”

And saw an MP for the Kurdistan Alliance, the deletion of zeros as a “necessity” because the figures in the current difficult currency counted, but keep the central bank is the owner of the decision to choose the time of implementation of this project. ”

She Najeebeh the belief that “near the parliamentary elections to make the central bank thinks postponing the implementation of the deletion of zeros or restructure the currency beyond the elections and the formation of a new government. “

===Alternate translation===

Economic representative Announces deferral of removal of zeros to the next parliamentary session
Tuesday, 10 December 2013 07: 38

The parliamentary Economic Committee, announced the postponement of a draft Central Bank raising the zeros of the Iraqi currency to the next parliamentary session.

Committee Member said the Deputy from the Kurdistan Alliance, najeeba Najib, both in Iraq, that “delete zeros from the former Department of the Central Bank in times of Sinan Al-Shabibi Former Bank Governor”.

“There were preparations and preparations by the Department on restructuring of the Iraqi currency, delete the zeros, and they had good steps taken by them on this issue and were awaiting Government approval to start the project.

Najib said that “the new administration of the Central Bank, headed by Abdel Basset Turki Agency has other plans and procedures”, indicating that they are “looking to raise zeros that is premature.”

The Deputy Minister for the Kurdistan Alliance, of zeros that “need” for the figures in the current currency is counted, but the Central Bank’s decision to choose the time of implementation of this project. ”

Smart expressed the belief that “the parliamentary elections to make the Central Bank is considering to delay the implementation to delete zeros or restructuring the currency beyond the elections and the formation of a new Government”

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