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Economists renew demands for the implementation of the deletion of zeros during the current year

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wciappetta
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Economists renew demands for the implementation of the deletion of zeros during the current year

Post by wciappetta on Sat 07 Feb 2015, 7:05 am

Economists renew demands for the implementation of the deletion of zeros during the current year
07/02/2015
 
 
BAGHDAD / JD / .. renewed a number of experts and MPs specialists in financial and economic affairs requiring them to begin proceedings preliminary implementation of the project to delete the three zeroes from the currency this year, because of its great importance to the Iraqi economy and the currency of the local, as well as to reduce the large digital accounts burden treasurers and facilitate the work of accountants in the transfer count numbers.


He says the parliamentary finance committee member Abdul Qader Mohammed, said the project to delete the three zeroes from the currency is one of the important projects and necessary that need to be implemented, what ails the Iraqi currency from inflation figures, which prompted traders and owners of capital Iltjon to the dollar in the deal instead of the dinar and this is harmful The last of the national currency.


He said Mohammed told / BD /: that the central bank must take initial steps to implement such a large strategic project starting this year and will be applied in accordance with the stages and specific period of time, to support the national currency and the Iraqi economy.


He pointed out: that the Finance Committee and the House of Representatives supporting the President of the Central Bank and his work, stressing that the Finance Committee prepared that provide all the help and advice of the Central Bank in order to ensure the success of the implementation of this project, and strengthen the Iraqi currency's strength and restore its prestige in front of the region's currencies.


For its part, renewed member of the Committee on Economy and Investment parliamentary Nora Albjara, claim the central bank determine the timeframe for the implementation of the project to delete the zeros from the currency, the fact that the project is one of the important projects the long-awaited years ago because of the security situation.


Albjara she told / BD /: that the committee had met with the governor of the central bank earlier and I discussed with him about the project to delete the three zeroes, noting that the central bank governor said that the project will be implemented over the next four years.


She added that the ground suited the current climate and appropriate to implement the project, for the central bank to start Bouktoath preliminary implementation of the project through the promotion and printing currency and to identify and establish a mechanism for how the issuance of the new currency and old pull.
The economic expert on behalf of Jamil has confirmed that the deletion of zeros from the currency is a restructuring of the coin, and to alleviate the large digital accounts burden treasurers, and alleviate the burden of accountants in counting the transfer of numbers, "but he pointed out that" this is not the time to replace the currency, and that the lack of security and economic stability in the country, but must be a mechanism to start the procedures for the initial implementation of the project.


Jamil told / BD /: that the project is important and necessary and must be implemented in the country while creating a conducive environment appropriate to the situation and in order to support the local currency and the national economy.


The central bank has decided to implement the project to delete three zeros from the currency in early 2013, but the previous government refused to implement it and asked to wait to implement it until further notice. / End / 8 /


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mochasmom
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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by mochasmom on Sat 07 Feb 2015, 7:59 am

Nice find Ward, thanks!

weslin3
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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by weslin3 on Sat 07 Feb 2015, 9:25 am

The central bank has decided to implement the project to delete three zeros from the currency in early 2013, but the previous government refused to implement it and asked to wait to implement it until further notice


Yes, we know about this previous government. This should have been over with by then or sooner and would have if they had the present government in there that is working hard now.

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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by Screwball on Sat 07 Feb 2015, 12:17 pm

Nice find ward!

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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by Screwball on Sat 07 Feb 2015, 12:19 pm

Hmmm? Why do they show coins? Psych ops? Maybe because of lower denoms and coins coming with removal of zeros?

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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by Neno on Sat 07 Feb 2015, 1:08 pm

no


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wciappetta
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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by wciappetta on Sat 07 Feb 2015, 3:43 pm

@weslin3 wrote:The central bank has decided to implement the project to delete three zeros from the currency in early 2013, but the previous government refused to implement it and asked to wait to implement it until further notice


Yes, we know about this previous government. This should have been over with by then or sooner and would have if they had the present government in there that is working hard now.

You got that right...

weslin3
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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by weslin3 on Sat 07 Feb 2015, 5:40 pm

Thanks ward. Glad that I have something right. lol

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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by Proven on Sat 07 Feb 2015, 5:55 pm

Neno,  This ties to the counting and sorting instructions from the CBI:

the central bank to start Bouktoath preliminary implementation of the project through the promotion and printing currency and to identify and establish a mechanism for how the issuance of the new currency and old pull.

lonelyintexas
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Re: Economists renew demands for the implementation of the deletion of zeros during the current year

Post by lonelyintexas on Sat 07 Feb 2015, 6:19 pm

Ward, great find, and yes Proven sure looks that way.
Thanks
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