Laws are needed, deletion of zeros process 1 to 2 years to apply: Committee Member

rocky wrote:Laws are needed, deletion of zeros process 1 to 2 years to apply: Committee Member


Baghdad: News Network Iraq – ruled out of the Commission of Economy in the House of Representatives, the deletion of zeros from the Iraqi currency during the next two years, indicating that the deletion of zeros depends on stability, security, political and economic.

A member of the Economic Committee Abdul-Hussein al-Husseini in an interview that “the time is [in]appropriate to delete the zeros of the Iraqi currency, because of the security crisis, political and economic, “stressing that:” the deletion of zeros the current time would disrupt the banking business.

“and Husseini added:” We need to adjust a lot of laws, but the process of deleting the zeros in the event of approval need to be more than a year in order to apply .

“between al-Husseini:” There is a deliberate intention to delete the zeros, but not officially, so it will not change the currency during the next two years, ie when the legislation before parliamentary session new, though the process of deletion of zeros is the process of organization, and does not have economic benefits. “

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kelnchp wrote:Baghdad: Iraq News Network - ruled out for the Committee on the economy in the House of Representatives, the deletion of zeros from the Iraqi currency during the next two years, indicating that the deletion of zeros depends on stability will the security, political and economic. Committee member said economic Abdul Hussein al-Husseini in an interview that "the time is appropriate to delete the zeros of Iraqi currency, the presence of a security crisis, political and economic, "adding:" The deletion of zeros the current time would disrupt the banking business. "Husseini added:" We need to adjust a lot of laws, and that the process of deletion of zeros in the event of approval need to be more than a year in order to apply . "and between al-Husseini:" that there is a deliberate intention to delete the zeros, but did not come officially, so it will not change the currency during the next two years, ie when the legislation by parliamentary session new, though the process of deletion of zeros is the process of organizing, and has no economic benefits. "


This is how it translated for me and maybe this why the CBI announced




Assesses the Iraqi Central Bank Workshop on proposals to amend the Banking Act and the law of the Iraqi Central Bank and the anti-money laundering law in Palestine Meridien Hotel and at the Hall of Salahuddin for the period from 11/24/2013 -2013/11/28 at nine in the morning, and welcome your suggestions and ideas regarding the amendment mentioned laws on e-mail ([You must be registered and logged in to see this link.] ) 



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Screwball wrote:what did cbi announce?

Screwball wrote:what did cbi announce?