Tuesday, August 7, 2012

Member of the economy: The Central Bank informed the House of Representatives officially its readiness to implement the project to delete the zeros .. A parliamentary objection and around

 Tuesday 07/08/2012

Baghdad (news) .. According to a member of the Committee of Economy and Investment MP / coalition in Iraq / Nora Albjara, that the House of Representatives received a formal letter from the Central Bank containing details of the project to delete the three zeroes from the currency and calls for its application early next year, saying there is no objection large by the House of Representatives on the implementation of the project that the country is still is poised to replace the national currency.
The Albjara (of the Agency news) on Tuesday: The Central Bank of Iraq sent a letter to the Committees of Finance and economic development in the House of Representatives expressed its readiness to implement the project to delete the three zeroes from the currency over the next year and contains a detailed explanation of the project and the stages of implementation for the purpose of discussion in the House of Representatives and a ceiling timetable for its implementation.

It showed: that the majority of the members of the House of Representatives rejected the application of the project in the next year being a big project and needs to be enough time for discussion and study, as well as they see that Iraq is still not ready ready for the implementation of this project and fear that casts a negative impact on the national economy and the local currency.

She added that the parliamentary Economic Committee will hold a meeting in the coming days to discuss the project and which may be called the Governor of the Central Bank and hosted by the House of Representatives to clarify the application of paragraphs of the stages of the project and the possibility of readiness.

The Central Bank of Iraq announced (29 September 2011) that the year 2013 will see the deletion of zeros and switch the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.

The Council called for the prime minister's central bank to wait a project to delete the zeros of the three local currency, saying he was a big project and needs to be enough time to apply it. / Finished / 8. N. R /