Member of the Finance Committee proposes to issue coins class (50) and 100,000 dinars rather than delete zeros

[alan_coaks_3]

7 - 9 - 2012

Proposed member of the Finance Committee, the National Alliance Deputy//Al-yasseri, abdolhossein new categories with 1,000 dinars (50) and 100,000 dinars for current currency instead of deleting three zeros, that present circumstances do not allow for the currency switch.

He said Al-yasiri (News Agency news) on Monday: there are many problems accompany the restructuring project after deleting three zeros currency when applied to high prices of goods will cause in the domestic markets of the citizens they are fully aware of how to deal with the new currency.

Was: well it would cause social problems (personal and creditor) any how to debt repayment, as well as a new Division for the counterfeiting of currency markets for prepared on the implementation of the project, as well as current circumstances affecting the country as political disputes and fluctuating dinar against the dollar does not replace the national currency, postponed and not applied.

He added: you must add new currencies currency current category (50) thousand dinars and 100,000 dinars instead of issuing new currency three zeros omitted to reduce money supply liquidity sought by the Central Bank through the implementation of this project.

The Central Bank seeks to apply the draft deleted three zeros from the Iraqi currency at the beginning of next year, despite calls by the Federal Government and some members of the House to wait.

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