Deputy indicates IQD will not see improvement through the dropping of zeros process

Posted by on Oct 28, 2013 | Leave a Comment

Economic
Deputy: the application of the project to delete the three zeroes from the currency of no value benefit of the Iraqi dinar

03-09-2013 05:01 AM
Baghdad (news) .. Ruled out the vice president of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, improve the value of the Iraqi dinar when applying the project to delete the three zeroes from the national currency.

said Faizullah (of the Agency news): that the support of the national currency requires a local producer of goods and services He pointed out that Iraq lacks the presence of a product, industrial and national and depends on imports to meet the requirements of the Interior, but has cash reserves of hard currency اسعفت dinar became cover him.

continued: So the application of the project to delete the three zeroes from the national currency, which calls him the central bank does not work benefit of the Iraqi dinar, just change the form of currency, urged not to implement the project at this time because it would disrupt the market of the Iraqi citizen.

mentioned that the CBI identified earlier in the beginning of this year will implement the project to delete the three zeroes from the national currency, but the Iraqi government demanded Bank to slow down implementation of the project, fearing the emergence of counterfeit currency during the switching process

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