2012-10-06
BAGHDAD (Iba) .. A member of the Economic Committee MP Abdul Hussein Abtan, the Iraqi market needs to project the deletion of zeros from the Iraqi currency early (2013) to save the country from greater economic inflation, stressing: that the postponement of the project (2014) will hurt the country's economy.
Said Abtan told the independent press (Iba): It is necessary to move from currency zeros that increase of the mass of financial and makes them an easy way to steal and loss to currency more sophisticated, adding: that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving day after day.
He added: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.
He explained: that inflation is increasing continuously in Iraq because of the increased money supply for the lack of scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of materials and goods to Iraq. (End)
Said Abtan told the independent press (Iba): It is necessary to move from currency zeros that increase of the mass of financial and makes them an easy way to steal and loss to currency more sophisticated, adding: that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving day after day.
He added: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.
He explained: that inflation is increasing continuously in Iraq because of the increased money supply for the lack of scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of materials and goods to Iraq. (End)