Central: House of Representatives is to decide on lifting zeros currency
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Adviser said the CBI, said the House of Representatives is the owner of the latest decision to raise zeros from the local currency or not.
He said the appearance of Mohammed Saleh (AKnews) that "the Central Bank of Iraq has to submit a law regulating the process of lifting and sends it to the presidency of the Council of Ministers and then to the House of Representatives to decide then, if there is a patchwork need to raise three zeroes from the local currency or not."
He added that "the central bank works to write a law regulating mechanism for lifting the three zeros and the valuation of local currency in circulation external economic and internal."
Announced that the Iraqi Finance Ministry last February that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund.
And Saleh, said that "the central bank deal with this issue cautiously and Tan, because it may cause economic problems in the event of rush or do anything else confuse the economic situation in Iraq."
In the opinion of the Central Bank, the process of lifting the three zeroes from the local currency is a complex process and need to extensive economic study.
He expressed the IMF last August to support the Iraqi economy in the event of his a number of economic measures, including privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.
The Iraqi government has denied any change on the local currency this year in order to reduce inflation.
The news had recently indicated that the Iraqi government plans to make changes to the local currency, including raising three zeros in order to reduce inflation suffered by the Iraqi market, as well as the Kurdish language in addition to paper currency.
The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was a symbol of the former regime.
He said the appearance of Mohammed Saleh (AKnews) that "the Central Bank of Iraq has to submit a law regulating the process of lifting and sends it to the presidency of the Council of Ministers and then to the House of Representatives to decide then, if there is a patchwork need to raise three zeroes from the local currency or not."
He added that "the central bank works to write a law regulating mechanism for lifting the three zeros and the valuation of local currency in circulation external economic and internal."
Announced that the Iraqi Finance Ministry last February that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund.
And Saleh, said that "the central bank deal with this issue cautiously and Tan, because it may cause economic problems in the event of rush or do anything else confuse the economic situation in Iraq."
In the opinion of the Central Bank, the process of lifting the three zeroes from the local currency is a complex process and need to extensive economic study.
He expressed the IMF last August to support the Iraqi economy in the event of his a number of economic measures, including privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.
The Iraqi government has denied any change on the local currency this year in order to reduce inflation.
The news had recently indicated that the Iraqi government plans to make changes to the local currency, including raising three zeros in order to reduce inflation suffered by the Iraqi market, as well as the Kurdish language in addition to paper currency.
The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was a symbol of the former regime.
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