Deputy for the Liberal: the economic situation is appropriate now to delete the zeros from the currency

[gamaray]

Deputy for the Liberal: the economic situation is appropriate now to delete the zeros from the currency

Sunday, July 8, 2012 09:39

Baghdad {: News} Euphrates commented Member of the economy and investment representative Abdul-Hussein al-Husseini Resan on the issue of deletion of zeros from the currency, that the economic situation is not suitable for such a change in the present time.

The Central Bank announced that he intended to replace the existing currency with another, as it will remove the zeros of the new currency in a move it says will help raise the value of Iraqi dinar.

Husseini said in a press statement received by the agency {Euphrates} News on Sunday, a copy of "the process of removing the zeros from the currency is a change of form and value," adding that "such a thing as the law requires legislation enshrined in the Constitution."

He emphasized the lack of "appropriate economic situation of the country to such a change at the present time, not to mention the lack of real reforms to the banking sector.

The General Secretariat of the Council of Ministers has called to be patient in the case of deletion of zeros from the currency and change, arguing that the mere thought of the withdrawal of about 40 trillion dinars, storage and destruction needs a serious study of the subject. Ended m

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[Carrello]

Gamaray, good morning and thank you for this and all of the other news you bring this morning.

I can barely read this rhetoric any more, and when I read that they should do more study on the destruction of the currency, you have to wonder if they did a study prior to the purchasing of the destruction equipment that was touted in the news this week, and if they did, did they bother to distribute it to study the study.

[leesburg]

every study needs studied ded.. free beer tommarro