Wednesday, August 15, 2012

Salman al-Musawi: supporting the national economy does not come about by replacing the currency and delete zeros, including, but activating the economic sectors

 08/15/2012


Baghdad (news) .. A member of the Economic Commission for MP / National Alliance / Salman al-Moussawi, said the project to replace the currency after you delete the zeros of which does not help to support the national economy, but the project's success depends on the strength of the economy and the stability of the local market.
Moussawi said (of the Agency news): You should think about how to liberate the national economy from unilateral rentier based on oil revenues to a robust economy based on different economic sectors before coming towards the implementation of an important project affects the economy of the country both in terms of positive or negative.

He added that the implementation of the project to delete the zeros of the three by the central bank without a feasibility study will develop the national economy in a dark tunnel and the uncertain future no one knows the results, confirming that the project does not help to support the economy and raising its standards, but support comes through the activation of the private sector and economic sectors different, and then replace the currency is thinking.
He called for deliberation before the application of the deletion of zeros in order not to harm the national economy and the local currency.

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.

The Central Bank of Iraq accused the government agencies to disrupt monetary reform and vowed that it was persecuting the interests of the country's financial risk. / Finished / 8. For. M /