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Member of the economy: the central bank attempts to replace the currency is unconstitutional  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Member of the economy: the central bank attempts to replace the currency is unconstitutional

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Member of the economy: the central bank attempts to replace the currency is unconstitutional  Empty Member of the economy: the central bank attempts to replace the currency is unconstitutional

Post by glasshalffull on Fri Jul 06, 2012 6:09 am

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Member of the economy: the central bank attempts to replace the currency is unconstitutional

Friday, July 6, 2012 12:16









{Baghdad, Euphrates News} A member of the Committee of Economy and Investment parliamentary Salman al-Moussawi said the central bank attempts to replace the currency is unconstitutional and will lead the country towards the unknown, which may not be bad consequences.

Al-Moussawi said in a press statement received by the agency {Euphrates News} a copy of it today, "no right to the central bank currency exchange because Article {110} of Dezturalaraca stipulates that the right of the federal authorities to draw financial policies and the issuance of currency in the country means the executive and legislative branches."

He continued that "d]]the presidency of the Central Bank and more than a year raises issue of deletion of zeros from the Iraqi currency attributes the reasons to strengthen the Iraqi currency and give them a universal value, but after that the audited subject and we found not a process of deleting the zeros, but replace the currency with full merits." [/b]

And the MP for the coalition of state law that "the evidence of this is the change currency symbols present and the introduction of the Kurdish language emphasizes the process it replaced and not delete the zeros," expected to "result in the replacement process to the many problems which may enter the country's currency, forged at a time when we are working to stability of the market leads to the collapse of the Iraqi currency in full. "

He described "the central bank attempts to implement this project early next year, as a unilateral act is valid and is rejected out of hand because it is the process of replacing unknown results."

And went on "We are with the replacement of the currency if there is economic benefit to the country, but we found after the study and the possibility that many are fighting against Paschklat delete the zeros do not know what the future of Seoul him the Iraqi economy."

He explained that "the stability of the economy and the Iraqi market is through the activation of income-generating sectors, and encourage the private sector and make the country an attractive environment for investment and the economy not by the deletion of zeros."

The Central Bank announced that he intended to replace the existing currency with another, as it will remove the zeros of the new currency in a move it says will help raise the value of Iraqi dinarhttp://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&langpair=auto%7Cen&rurl=translate.google.com&tbb=1&u=http://www.alforatnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D16948:2012-07-06-09-16-59%26catid%3D37:2011-04-08-17-25-57%26Itemid%3D57&usg=ALkJrhjFyli8IMW8IOj0doJGKpDCIqGE0g
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Member of the economy: the central bank attempts to replace the currency is unconstitutional  Empty Re: Member of the economy: the central bank attempts to replace the currency is unconstitutional

Post by Guest on Fri Jul 06, 2012 8:57 am

"Universal Value" I love the sound of that Smile

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