Laws are needed, deletion of zeros process 1 to 2 years to apply: Committee Member

Posted by on Nov 22, 2013 | Leave a Comment

Baghdad: News Network Iraq – ruled out of the Commission of Economy in the House of Representatives, the deletion of zeros from the Iraqi currency during the next two years, indicating that the deletion of zeros depends on stability, security, political and economic.

A member of the Economic Committee Abdul-Hussein al-Husseini in an interview that “the time is [in]appropriate to delete the zeros of the Iraqi currency, because of the security crisis, political and economic, “stressing that:” the deletion of zeros the current time would disrupt the banking business.

“and Husseini added:” We need to adjust a lot of laws, but the process of deleting the zeros in the event of approval need to be more than a year in order to apply .

“between al-Husseini:” There is a deliberate intention to delete the zeros, but not officially, so it will not change the currency during the next two years, ie when the legislation before parliamentary session new, though the process of deletion of zeros is the process of organization, and does not have economic benefits. “

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