Thursday, 17.05.2012
Baghdad (news) ..
Member of the Committee ruled out the economy and investment MP /
coalition in Iraq / Qusay Juma, the implementation of the project to
delete the three zeroes from the currency at the beginning of next year,
stressing that he needs to be approved by the Iraqi authorities through
legislation law.
Juma said (of the Agency news) said on Thursday that the project to delete the three zeroes from the Iraqi currency requires sufficient time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with the consent of the legislature and the executive in the country through the enactment of the .
He added that the central bank has the authority to delete the zeros from the currency and the process of change is not a form of currency as provided by its law, noting that the process of offering a new form of currency legislation needs to be law by the House of Representatives to determine the size and form of currency.
He pointed to: that the implementation of the project is necessary for Iraq to reduce the cash raised in the local market, but it needs to be careful and study and to have sufficient time to apply, noting that a successful project has fought his experience much of the world such as Turkey, which was omitted from the currency (6) zeros and other countries other.
Have revealed the parliamentary finance committee, said earlier that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.
While the General Secretariat of the Council of Ministers, April 12, 2012, a decision to wait in the application of the process of removing zeros from the national currency, which had to stop all procedures relating to the operation mentioned until further notice.
The Central Bank of Iraq announced, in January 2012, its intention to put forward three categories lot of the Iraqi dinar, including 200, 100 and 50 dinars after deleting three zeros from the currency, while pointing out that the process of replacing the currency will take two years. / Finished / 8. D. Q /
Juma said (of the Agency news) said on Thursday that the project to delete the three zeroes from the Iraqi currency requires sufficient time to apply and can not be implemented shortly, because it includes the deletion of zeros and change the form of currency, not only with the consent of the legislature and the executive in the country through the enactment of the .
He added that the central bank has the authority to delete the zeros from the currency and the process of change is not a form of currency as provided by its law, noting that the process of offering a new form of currency legislation needs to be law by the House of Representatives to determine the size and form of currency.
He pointed to: that the implementation of the project is necessary for Iraq to reduce the cash raised in the local market, but it needs to be careful and study and to have sufficient time to apply, noting that a successful project has fought his experience much of the world such as Turkey, which was omitted from the currency (6) zeros and other countries other.
Have revealed the parliamentary finance committee, said earlier that the deletion of zeros and replacing Iraqi currency Seetman early January 2013, as pointed out it will start printing the new currency in various categories in September.
While the General Secretariat of the Council of Ministers, April 12, 2012, a decision to wait in the application of the process of removing zeros from the national currency, which had to stop all procedures relating to the operation mentioned until further notice.
The Central Bank of Iraq announced, in January 2012, its intention to put forward three categories lot of the Iraqi dinar, including 200, 100 and 50 dinars after deleting three zeros from the currency, while pointing out that the process of replacing the currency will take two years. / Finished / 8. D. Q /