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Member of the parliamentary Finance: Central Bank qualify the deletion of zeros from currency


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Member of the parliamentary Finance: Central Bank qualify the deletion of zeros from currency
Friday February 20, 2015 12:36


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[baghdad-where]

Announced the parliamentary finance committee member Masood Haider, Friday, for the central bank kept the deletion of zeros from the Iraqi currency.

Said Haider told all of Iraq [where], "it was a lot of studies on the subject of deletion of zeros from the currency," adding that "the Central Bank has reservations about this thread a little bit, and we did not Nstda central bank director was not met, done to discuss this matter, as well as other officials in the bank. "

He added that "the process of deleting the zeros need to be in-depth study, because they greatly affect the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."

Haider said that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal, all the things you need to take some time."

He pointed to "the need to conduct a study regarding the deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists in the Iraqi Board of currency and the economy."

The Finance Committee member Jabbar al-Abadi, said to [where], on the sixth of February, that "the project to delete the zeros were traded within the Finance Committee, "adding that" the central bank refuses to subject the fact that time is not right now , "he said." We the Finance Committee with the deletion of zeros is subject to many positives reflected on the economic reality. "

He economist Jamil Antoine said earlier that the deletion of zeros from the currency is a restructuring of the coin, and to alleviate the large digital accounts burden treasurers, and alleviate the burden of accountants in counting the transfer of numbers, "but he pointed out that" this is not the time to replace the currency, and that the lack of security and economic stability in Albulad.anthy 2

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02/20/2015 13:01
Parliamentary Finance: central reservations on the deletion of zeros
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BAGHDAD / obelisk confirmed the parliamentary finance committee member Masood Haider, on Friday, the central bank kept the deletion of zeros from the Iraqi currency, noting that the Commission did not require the bank manager Ottnaakec officials in this regard.

Haider said in a press interview I followed "obelisk", "it was a lot of studies on the subject of deletion of zeros from the currency," noting that "the Central Bank has reservations about this topic a little bit, and we did not we recall the central bank director did not meet with him to discuss this matter, as well as other officials in the bank. "

He added that "the process of deleting the zeros need to be in-depth study, because they greatly affect the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."

He continued that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal, all the things you need to take some time."

He pointed to "the need to conduct a study regarding the deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists in the Iraqi Board of currency and the economy.

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Conscious / Central Bank qualify the deletion of zeros from currency

20/02/2015 01:10 | Number of Views: 50

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Conscious / Baghdad / FS

Announced the parliamentary finance committee member Masood Haider, Friday, for the central bank kept the deletion of zeros from the Iraqi currency.

Haider said in a statement seen by ( Iraqi News Agency Information / INA ), "it was a lot of studies on the subject of deletion of zeros from the currency," adding that "the Central Bank has reservations about this thread a little bit, and we did not Nstda central bank director was not met, it to discuss this matter, as well as other officials in the bank. "

He added that "the process of deleting the zeros need to be in-depth study, because they greatly affect the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."

Haider said that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal, all the things you need to take some time."

He pointed to "the need to conduct a study regarding the deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists in the Iraqi Board of currency and the economy."

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I'm starting to think that  "delete the zeros" has nothing to do with a monetary value at all.   It's Iraq's way of saying,  "pull the larger notes out of circulation".  

 

Thoughts?

exactly ...............vaccum.....................pull in.............remove.................replace.

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After searching still no word of a New ISO code issued for IRAQ Iraqi Dinar IQD 368 , In other words if the CBI issue New Currency (Lower Denom) without issuing a New ISO code, the new notes will have a different value as well as the the notes with the 3 zero's...If a New ISO code is issued, then the 3 zero notes will be a neutral event...JMO

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The Central Bank has reservations on the deletion of zeros from the Iraqi currency is currently

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 BAGHDAD - Iraq Press - February 20: With economists said earlier that the deletion of zeros from the currency is a restructuring of the coin, and the ease of digital accounts burden treasurers, and alleviate the burden of accountants with that procedure is not appropriate now to the lack of security stability and economist in the country, announced in the parliamentary finance committee member Friday, the central bank kept the deletion of zeros from the Iraqi currency, pointing out that "the central bank has reservations on this subject a little bit. 
 
He said a member of the Finance Committee, Masood Haider, said that "the process of deleting the zeros need to be in-depth study, because they have a large impact on the Iraqi currency and the price of the Iraqi market and on the Iraqi economy in general."
  
 And added that "the cost associated with the process of removing the zeros and the type of currency that can be printed and displayed in the market and the process of withdrawal, all the things you need to take some time and must conduct a study Bbashon deletion of zeros from the currency, by the legislative and executive branches and with the participation of specialists Iraqis in the Board of the currency and the economy." Admiral ended 

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