Economic representative Announces deferral of removal of zeros to the next parliamentary session

Posted by on Dec 11, 2013 | Leave a Comment

The parliamentary Economic Committee, announced the postponement of a draft Central Bank raising the zeros of the Iraqi currency to the next parliamentary session.

Committee Member said the Deputy from the Kurdistan Alliance, najeeba Najib, both in Iraq, that “delete zeros from the former Department of the Central Bank in times of Sinan Al-Shabibi Former Bank Governor”.

“There were preparations and preparations by the Department on restructuring of the Iraqi currency, delete the zeros, and they had good steps taken by them on this issue and were awaiting Government approval to start the project.

Najib said that “the new administration of the Central Bank, headed by Abdel Basset Turki Agency has other plans and procedures”, indicating that they are “looking to raise zeros that is premature.”

The Deputy Minister for the Kurdistan Alliance, of zeros that “need” for the figures in the current currency is counted, but the Central Bank’s decision to choose the time of implementation of this project. “

Smart expressed the belief that “the parliamentary elections to make the Central Bank is considering to delay the implementation to delete zeros or restructuring the currency beyond the elections and the formation of a new Government”

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