Economic parliamentary: Multi deferred deletion of zeros and the replacement of the existing currency early in 2016

• Agency eighth day
  
• October 23, 2014, 11:35
  

Baghdad _ ((eighth day))

Showed the parliamentary Economic Committee on Thursday that that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized currently indicating the replacement of the existing currency will be early in 2016.

A member of the Commission and the fulfillment Kazem "The committee discussed with the Governor of the Central Bank of the process of replacing the currency and delete the zeros,

and between that the issue of deletion of zeros deferred because of what is going through the country of the conditions of being an uninitialized currently, indicating that the replacement of the currency and initiating this will be the beginning of 2016."


"The Reserve Bank's currency of nearly 74 billion dollars, twice the mass of cash in circulation in the country and this is not in the best countries in the world and is a good indicator to reassure the Iraqi people."

He said economic expert Jamil Antoine earlier that the deletion of zeros from the currency is a restructuring of the currency, and to alleviate the accounts of digital large burden on treasurers,

and alleviate the burden on accountants in counting the transfer of numbers, "noting that" the present time is not appropriate for the replacement of the currency, and so the lack of security and economic stability in the country.


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