Economic Committee Member says, no zeros to drop from currency through the next 2 years

Posted by on Dec 30, 2013 | Leave a Comment

Economic
Finance Committee exclude the application of the project to delete the three zeroes through the next two years

26-12-2013 08:51 AM
Baghdad (news) .. Excluded the parliamentary Finance Committee application project to delete the three zeroes from the currency during the next two years because it would cause confusion for the Iraqi economy and increasing inflation rates of the country ‘by Ray Committee’.

said Committee Vice Chairman Ahmed Faizullah (of the Agency news): The implementation of the project to delete the three zeroes from the currency During the current period would cause confusion for the economy and the increase of inflation rates in the market through the issuance of currencies with multiple categories, indicating that the central bank may re-consider the project as he refrained from applying it. ,

and added that the project is large and sensitive and needs to stabilize the financial and economic in the country,therefore, Iraq During the current period, and even the next few non-triggering of the implementation of the project in spite of expectations to suggest that applied during the next two years.

noted that the CBI announced his intention not to implement the project to delete the three zeroes from the currency early next year, stressing that the deadline to apply is still iffy.

The previous administration of the Central Bank announced that the date of implementation of the project will be the beginning of the year 2014


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