Tuesday 03/04/2012
Baghdad (news) .. Commended the deputy governor of the Central Bank of the appearance of Mohammed that the draft deleted three zeros from the Iraqi currency does not need new legislation but issued a regulation to serve as instructions as stipulated by the Central Bank Law.
Saleh said (of the Agency news) on Tuesday: The Central Bank Law gave full authority of the monetary authority to change the structure of the Iraqi currency, or delete zeroes of them, and can not be new legislation for the project to delete the three zeroes from the currency, having been discussed twice in the House and Minister, and became branches Executive and Legislative more familiar with it, adding that the project needs to issue a regulation and is a published instructions in the Official Gazette, and the Central Bank is in the process configured.
He added that the central bank cut a long way stages of the preparation and implementation of this project through consultation with the States, which fought the experience of replacing the currency after you delete the zeros of them and find out cons of the project and its advantages, in addition to the extensive studies it, and work is still going to be implemented, likely implemented in the (1 / 1/2013) after obtaining formal approval by the federal government.
Saleh pointed to: a consensus in principle from all parties in the Iraqi state to implement the project, saying the project to delete the zeros Balasalahi of the Iraqi currency, as it reduces the large numbers that cause big problems in the system of cash payments of Iraq through the number of digits and the difficulty of counting Kalmbalg of up to trillions .
Deputy Governor of Central Bank: The financial situation of Iraq has become well by increasing its oil exports, so the system of cash payments in Iraq did not meet with the next phase which will see the economic development, but after deleting the three zeros from the local currency.
The parliamentary Finance Committee has asked the central bank put a new law for the project to delete the three zeroes from the Iraqi currency, being a large project and a sensitive and interest to the general of the Iraqi people.
A member of the Finance Committee MP / National Alliance / Magda al-Tamimi in an earlier statement (the news): The project to delete the three zeroes of the domestic currency needs to be enough time for its implementation, and to the new legislation by the Central Bank and will be presented to the Finance Committee for discussion and then submit it to House of Representatives for a vote, and can not be implemented without the adoption of the law. / Finished / 8. d. Q /
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Saleh said (of the Agency news) on Tuesday: The Central Bank Law gave full authority of the monetary authority to change the structure of the Iraqi currency, or delete zeroes of them, and can not be new legislation for the project to delete the three zeroes from the currency, having been discussed twice in the House and Minister, and became branches Executive and Legislative more familiar with it, adding that the project needs to issue a regulation and is a published instructions in the Official Gazette, and the Central Bank is in the process configured.
He added that the central bank cut a long way stages of the preparation and implementation of this project through consultation with the States, which fought the experience of replacing the currency after you delete the zeros of them and find out cons of the project and its advantages, in addition to the extensive studies it, and work is still going to be implemented, likely implemented in the (1 / 1/2013) after obtaining formal approval by the federal government.
Saleh pointed to: a consensus in principle from all parties in the Iraqi state to implement the project, saying the project to delete the zeros Balasalahi of the Iraqi currency, as it reduces the large numbers that cause big problems in the system of cash payments of Iraq through the number of digits and the difficulty of counting Kalmbalg of up to trillions .
Deputy Governor of Central Bank: The financial situation of Iraq has become well by increasing its oil exports, so the system of cash payments in Iraq did not meet with the next phase which will see the economic development, but after deleting the three zeros from the local currency.
The parliamentary Finance Committee has asked the central bank put a new law for the project to delete the three zeroes from the Iraqi currency, being a large project and a sensitive and interest to the general of the Iraqi people.
A member of the Finance Committee MP / National Alliance / Magda al-Tamimi in an earlier statement (the news): The project to delete the three zeroes of the domestic currency needs to be enough time for its implementation, and to the new legislation by the Central Bank and will be presented to the Finance Committee for discussion and then submit it to House of Representatives for a vote, and can not be implemented without the adoption of the law. / Finished / 8. d. Q /
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