Deputy for the Liberal: the economic situation is

[Butifldrm]

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 subject of the 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

http://www.alforatnews.com/index.php?option=com_content&view=article&id=17025:2012-07-08-06-26-33&catid=37:2011-04-08-17-25-57&Itemid=57

[R Veyron]

For adding value....

[Laid Back]

0.00086 after deleting the Zero's 0.86 + 20% inflation = $1+

Just do it.....Time is precious.

[Double R]

If they want people to use their money they've got to make it equal to or a little higher than the dollar IMO.

[AZ Native]

Straight up, if it's not 1 to 1 or greater than why do it? it has to be equal or greater for the people to use the Dinar.

[securityguy]

Study..Study..Study. Enough allready, just do it!

[MANNY99]

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 subject of the 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

http://www.alforatnews.com/index.php?option=com_content&view=article&id=17025:2012-07-08-06-26-33&catid=37:2011-04-08-17-25-57&Itemid=57

Edited July 9, 2012 by MANNY99