Undersecretary of the Ministry of Planning: Delete the zeroes from the currency
11-04-2010
Baghdad / Orr News
Undersecretary, said the Ministry of Planning Mahdi Keywords that the implementation of the proposal to delete the zeroes from the currency from the Central Bank of Iraq fast and sudden decision would have serious implications on the consumer and the market.
And he said: "The proposal to delete the zeroes of the Iraqi currency if it is implemented in an abrupt manner and a quick decision would have serious implications on the consumer and the Iraqi market during the coming period." Indicating that he "should the Iraqi Central Bank to adopt the implementation of this proposal in a gradual and in turn so as not to be the effects of serious consequences of this resolution on the market and the consumer."
The effects of the proposal to delete zeros currency Central Bank of Iraq sensation Government bodies and economic development in Iraq regarding the extent of its implementation will soon affect the Iraqi currency in the current circumstances faced by the Iraqi economy in the increasing rates of unemployment and inflation.
Was Planning Minister Ali Baban, had confirmed in an earlier statement that "the proposal to delete the zeroes of the Iraqi currency will influence the symbolic and limited to the Iraqi economy and barely mentioned and not the great advantages," unlikely to be making such a decision during the current phase and before the formation of the new government.
Baban said that "the decision to delete the zeros of the coin will leave traces positive or negative impact on Iraqi economy," he said, adding that people's fears and anxiety of that proposal is not justified because the deletion of zeros will not have notable effects on the purchasing power of the Iraqi dinar, before denying that Central Bank of Iraq and a formal decision by deleting the zeros of the Iraqi currency current.
He stressed that issuing such a resolution is a matter of administrative process for administrative and political In the country to create a clear monetary policy and that this requires a study of contracts and construction projects that had not been completed yet.
http://translate.googleusercontent.c...TTcBR5Uhhykj0A
11-04-2010
Baghdad / Orr News
Undersecretary, said the Ministry of Planning Mahdi Keywords that the implementation of the proposal to delete the zeroes from the currency from the Central Bank of Iraq fast and sudden decision would have serious implications on the consumer and the market.
And he said: "The proposal to delete the zeroes of the Iraqi currency if it is implemented in an abrupt manner and a quick decision would have serious implications on the consumer and the Iraqi market during the coming period." Indicating that he "should the Iraqi Central Bank to adopt the implementation of this proposal in a gradual and in turn so as not to be the effects of serious consequences of this resolution on the market and the consumer."
The effects of the proposal to delete zeros currency Central Bank of Iraq sensation Government bodies and economic development in Iraq regarding the extent of its implementation will soon affect the Iraqi currency in the current circumstances faced by the Iraqi economy in the increasing rates of unemployment and inflation.
Was Planning Minister Ali Baban, had confirmed in an earlier statement that "the proposal to delete the zeroes of the Iraqi currency will influence the symbolic and limited to the Iraqi economy and barely mentioned and not the great advantages," unlikely to be making such a decision during the current phase and before the formation of the new government.
Baban said that "the decision to delete the zeros of the coin will leave traces positive or negative impact on Iraqi economy," he said, adding that people's fears and anxiety of that proposal is not justified because the deletion of zeros will not have notable effects on the purchasing power of the Iraqi dinar, before denying that Central Bank of Iraq and a formal decision by deleting the zeros of the Iraqi currency current.
He stressed that issuing such a resolution is a matter of administrative process for administrative and political In the country to create a clear monetary policy and that this requires a study of contracts and construction projects that had not been completed yet.
http://translate.googleusercontent.c...TTcBR5Uhhykj0A
