Finance Committee Member about Iraq Currency Policy

[sxsess]

Finance Committee Member: Currency will not be replaced, no zeros dropped in 2013; Blames political instability and poor stability of CBI

Posted: February 23, 2013 in Iraqi Dinar/Politics

Tags: Baghdad, Central bank, Central Bank Iraq, Currency, Economic, Iraq, Iraqi dinar, Monetary policy

Parliamentary Finance: this year will not attend any currency exchange or delete Ocefarha

Said a member of the Finance Committee MP Haitham al-Jubouri said “this year will not see replacing Iraqi currency not delete three Ocefarha”.

Jubouri said the “unstable political situation and the worsening situation prompted the central bank to postpone the project until it is political stability and the stability of the monetary policy in the country.”

He added that “currency exchange and delete Ocefarha will features the best and biggest reduce the size of inflation and revive the dollar due to a lack of demand for the dollar, which comes great positive aspects of the country’s economy. “

He pointed out that the “replacement currency will revive the country’s economy but needs to be political and economic atmosphere appropriate to carry out the project without facing any obstacles lead to a deterioration of the Iraqi currency.

[Markinsa]

Wow, all of a sudden all these articles stop popping up again! Interesting!

 

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[sxsess]

I don't believe anything that the GOI or the CBI says. That includes their economic numbers they claim. These people are bread to lie from birth. It looks like the world will have to force these idiots to move forward.