Deputy Central Bank Governor proposes to set up a Joint Committee to schedule a project delete zeros

[alan_coaks_3]

7 - 1- 2012

The Deputy Governor of the Central Bank suggested that the appearance of Mohamed Saleh set up a Joint Committee of the Central and deputies and Ministers and economic experts to study the draft deleted three zeros from the currency and a ceiling to be applied.

He said Saleh (News Agency news): the Central Bank has completed all procedures concerning the restructuring of the local currency after deleting three zeros, and certain models of the currency format is ancient civilizations and Iraq raised religious and its archeologic attractions and infrastructure such as dams, bridges and submitted to the Executive and the legislature for ratification.

He noted: it does not need enactment but needs a regulation issued by the Council of Ministers, published in the Official Gazette (facts) to the Central Bank Act No. (94) of 2004 specifically in article (37) gave power to the central issue new currency and its design and organize legal regulation called "regulation" is different from the law.

He added: the project is delayed by the Federal Government and unknown wait time, noting that it needs to set up a joint Commission by the Central Bank and some members of the House of representatives of the economic and Financial Committee, the Council of Ministers as well as experts and specialists to find out the most important developments for the project, and he continued to define the time period for implementation of that important project serve national economy must be implemented.

This Iraq seeks in a new step to delete zeros from the currency and changing shape.

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[DinarDana]

7 - 1- 2012

the Central Bank has completed all procedures concerning the restructuring of the local currency after deleting three zeros...: it does not need enactment but needs a regulation issued by the Council of Ministers

Progress is good - we are waiting on the regulations....and hopefully an increase in value.

Thanks for the post.