The decision of the Commission on the economy: change the currency format is necessary to shrink the money supply and doesn't require a new law

by **ADMIN** Sun Jun 17, 2012 4:16 am

The decision of the Commission on the economy: change the currency format is necessary to shrink the money supply and doesn't require a new law

Date: Sunday, 17-06-2012 10: 40 am

Baghdad (newsletter) ... According to the decision of the economic and Social Commission Deputy/alkordstanet/mohama Coalition blocs, that change the shape of Khalil's local currency after deleting the three zeros does not need new legislation because Iraqi banks Act allowed the Central Bank to issue new currency and choose format.
Khalil (News Agency news) on Sunday: Although the Iraqi Constitution – refusal of issuance or print a new currency and selection of formed by the Central Bank without a new law legislation so permits, but the Central Bank law issued for the year (2004) give central change currency and issued a new solution.

He added: the old law is in effect, no new law legislation of the Central Bank, so the draft deleted three zeros currency does not need a new law, but legislation that fully empowered central.

Noted: that the project is very important for the Iraqi economy because it will reduce large cash estimated at 33 trillion dinars in particular and that the future Iraq to increase its balance sheet finance for the coming years, the implementation of the project is necessary and must be applied.

The Central Bank of Iraq was announced (September 29, 2011) to 2013 will delete the zeros and the currency changeover, which warned officials and economists because of its work preparing for faking maviat trillion Iraqi dinars in light of anticipated changes replacement./finished/8. d/s.

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by Just Da Truth Sun Jun 17, 2012 6:35 am

Noted: that the project is very important for the Iraqi economy because it will reduce large cash estimated at 33 trillion dinars in particular and that the future Iraq to increase its balance sheet finance for the coming years, the implementation of the project is necessary and must be applied.

THANKS MISKEBAM !!!!! UR UP EARLY ON FATHERS DAY !!!

The decision of the Commission on the economy: change the currency format is necessary to shrink the money supply and doesn't require a new law

The decision of the Commission on the economy: change the currency format is necessary to shrink the money supply and doesn't require a new law

THE BEST PART !!!!!!!