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 Parliamentary Finance: Central Bank needs another year to replace the currency???

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PostSubject: Parliamentary Finance: Central Bank needs another year to replace the currency???   Fri Jul 13, 2012 9:47 am


Parliamentary Finance: Central Bank needs another year to replace the currency



7.13.2012 | (Voice of Iraq) - add comment -


Sumerian News / Baghdad showed the Finance Committee in the House of Representatives, Friday, support for the replacement of the existing currency, while a condition ready the central bank to move, confirmed that the bank needs another year to begin the process of replacement. Committee Chairman Haider al-Abadi said in an interview for "Alsumaria News", "The draft currency exchange good provided that the central bank is ready for this step and carried out meticulously," stressing the importance of "the Bank's procedures are correct and good." said Abadi, that "the Commission was with the switch currency over the past year 2010, if the bank Mthai for such a procedure, "adding that" the central bank need another year to begin the replacement of the currency. " He Abadi, "The Finance Committee is not with the application hasty," stressing the importance of the "hold up the process of switching the operation to the fraud and not re-circulation of the dinar damaged" . and the Finance Committee in the House of Representatives announced (11 July present), a willingness to clarify the reasons for hesitation Council of Ministers on currency exchange in spite of the Iraqi Central Bank confirmed its ability to that of the occurrence of fraud affecting the national economy. and was a member of the Knesset Finance Najiba Najib announced (the third of July, current), that the budget next year 2013 will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank of the project to delete the zeros. hosted by the Finance Committee of parliament in (26 June), Deputy Governor of the Central Bank of the appearance of Mohammed Saleh to discuss the mechanism that will be followed by the bank in the process of deleting zeros and how long this process and changes that will occur on the exchange of currency. and was a member of the Finance Committee Haitham Jubouri revealed on 15 May 2012, the month of January next year 2013 will see the deletion of three zeros and the replacement of the currency, as will next September 2012 the direct printing of new currency in different categories. accused the central bank, in (12 September 2011), government bodies obstructing the monetary reform and vowed persecuting blaming those agencies responsible for endangering the interests of the country's financial risk. what was seen as an adviser to Prime Minister for Economic Affairs (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of "mafias currency" is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes. It is noteworthy that some economists believe that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.





Read more: http://www.sotaliraq.com/mobile-news.php?id=64494#ixzz20VKvmMnK
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PostSubject: Re: Parliamentary Finance: Central Bank needs another year to replace the currency???   Fri Jul 13, 2012 12:16 pm

I guess they better be doing something about it, then, huh?Twisted Evil
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PostSubject: Re: Parliamentary Finance: Central Bank needs another year to replace the currency???   Fri Jul 13, 2012 12:17 pm

When, when, when...
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PostSubject: Re: Parliamentary Finance: Central Bank needs another year to replace the currency???   Fri Jul 13, 2012 12:20 pm

How about 'Now, now now??Twisted Evil
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PostSubject: Re: Parliamentary Finance: Central Bank needs another year to replace the currency???   Fri Jul 13, 2012 12:22 pm

Then kill maliki now....
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