Central Bank: delete three zeros would require consultation with the next government
Baghdad morning
Iraqi central bank said on Tuesday that the decision to remove the zeros from the currency needs to consult the next government, the process returned a strategic national project to reform the management system of currency.
He said bank consultant Mudhir Mohammed Saleh, said that deleting three zeros from the currency will negatively affect the Iraqi citizens, but will facilitate the exchange system transactions and bank deposit and withdrawal, particularly that Iraq does not deal Ertat but cash, adding that the currency exchange comes to reform the management of the currency in Iraq , stressing that the change currency needs to be consultation between the Central Bank of Iraq and the next government and parliament and needs logistical support.
The news agency Voices of Iraq for the benefit of saying that the mass of cash must be commensurate with the next stage and on this basis will be the reform of the currency by removing three zeros, explaining that the mass current cash is the product of the stage of inflation prevailed in Iraq over the past twenty years and it is not the product of real economic development, but the result of loans and financing for inflation, the public budget.
He spoke of the Central Bank earlier in the long-term project to remove three zeros from the dinar in order to increase its capacity.
Baghdad morning
Iraqi central bank said on Tuesday that the decision to remove the zeros from the currency needs to consult the next government, the process returned a strategic national project to reform the management system of currency.
He said bank consultant Mudhir Mohammed Saleh, said that deleting three zeros from the currency will negatively affect the Iraqi citizens, but will facilitate the exchange system transactions and bank deposit and withdrawal, particularly that Iraq does not deal Ertat but cash, adding that the currency exchange comes to reform the management of the currency in Iraq , stressing that the change currency needs to be consultation between the Central Bank of Iraq and the next government and parliament and needs logistical support.
The news agency Voices of Iraq for the benefit of saying that the mass of cash must be commensurate with the next stage and on this basis will be the reform of the currency by removing three zeros, explaining that the mass current cash is the product of the stage of inflation prevailed in Iraq over the past twenty years and it is not the product of real economic development, but the result of loans and financing for inflation, the public budget.
He spoke of the Central Bank earlier in the long-term project to remove three zeros from the dinar in order to increase its capacity.