Indicated the presence of approximately 35 trillion dinars in circulation in the financial markets attribute the reason for the postponement of parliamentary delete zeros to the difficulty of controlling thecurrency

by **ADMIN** Sat Jan 25, 2014 11:29 am

Indicated the presence of approximately 35 trillion dinars in circulation in the financial markets attribute the reason for the postponement of parliamentary delete zeros to the difficulty of controlling thecurrency

BAGHDAD / Badr
12/25/2013
Attributed the cause of the Parliamentary Finance Committee to postpone the deletion of zeros to the difficulty of controlling the currency and individual decision-making, and as pointed out the existence of nearly 35 trillion dinars in circulation in the market, emphasized the importance of the project to delete the zeros for the Iraqi institutions and citizens. Committee Chairman Haider al-Abadi: The government does not have confidence about the ability of the central bank on the currency exchange at the moment without any problems. Noting: that there is a fear of lack of control over the currency damaged during the deletion of zeros. Abadi added: that the currency could be damaged graduated from New replaced in the new currency during the process of the switch, and thus will be printed currency and free cash becomes more than what it is. He pointed out: it is assumed that the central bank currency shattered destroyed once they are received from the banks. The Abadi: that the process of replacing the currency in light of the big cash in the markets is a difficult despite the fact that the bank has submitted a plan to replace it for two years. He pointed out: that the amount of cash in the markets that are traded currently amounting to 34 to 35 trillion dinars. He continued Abadi: that individual decisions taken by the central bank away from the post the government and parliament on switch and the deletion of zeros was another reason to postpone the deletion of zeros and therefore any problem that may occur during the deletion of zeros and the currency exchange, it would be hurt the Iraqi economy as a whole. Delete the unlikely occurrence of any of the zeros from the currency and replaced at this time with the upcoming parliamentary elections near. Abadi and stressed the importance of the project to delete the zeros for the institutions of the Iraqi citizens, and even the existence of some MPs and accountants who make mistakes in the figures because of these zeros, which are sometimes severe. Saying: that the deletion of zeros from the positive things to facilitate the process of accounts and the trading process between people, in addition to the new currency is possible to evolve more in print and in a form that is difficult to forge. A member of the parliamentary Economic Committee Mura'bi Hussein: that confusion in monetary policy makes the country lose about eight million dollars a year. While he warned that the issue of deletion of zeros to facilitate money laundering mafia stealing billions without feeling state, called for a study of its effect on the situation of the year. He accused the central bank of obstructing governmental bodies monetary reform and vowed persecuting, blaming those actors responsible for exposing the financial interests of the country to danger. What was seen as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge: 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 economy. He warned 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 not formatted for the time being to delete the zeros from the Iraqi dinar. Pointing out that the deletion needs to security and political stability, as well as the stability of the economy.

http://translate.google.com/translate?hl=en&sl=ar&u=http://www.badrpress.com/badr/feeds.php%3Flang%3Dar%26page_name%3Dpolitic%26id%3D19360&prev=/search%3Fq%3D%25D8%25AD%25D8%25B0%25D9%2581%2B%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%26lr%3D%26hl%3Den%26tbs%3Dqdr:d