Committee Member urges CBI to wait on deletion of zeros; Would disrupt budget

Posted by on Oct 28, 2013 | Leave a Comment

Parliament: the process of deleting zeros of currency state budget

By: Newspaper electronic Iraq | Date: Sunday 15/09/2013 10:38 pm

Counting a member of the parliamentary economic committee Hussein the process of deletion of zeros from the Iraqi currency as the state budget.

said in a press statement that urgency in the issue of deletion of zeros from the currency will lead to a major embarrassment for the government.

He said that we as members of the parliamentary economic committee advised the central bank to wait and lack of urgency and to clarify the dimensions of this issue to the Parliament as well as to the government.

The explained that the deletion of zeros from the currency would disrupt the general budget and will help to currency smuggling and reduce liquidity and increase inflation by up to 100%, he says.

He pointed out that there are poorer in cash and may not experience we can manage this file is currently an efficient and transparent manner.

He continued: We do not have a clear vision of the possibilities of the central bank in the management of this thorny issue being works full independence from the government and parliament.

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