Parliamentary Economy: not behind the delay deletion of zeros stability

by **dizzydee** Sun May 10, 2015 7:56 pm

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Post n°1

Parliamentary Economy: not behind the delay deletion of zeros stability

by dizzydee Sun May 10, 2015 7:56 pm

5/10/2015

Parliamentary Economy: not behind the delay deletion of zeros stability

BAGHDAD - confirmed the parliamentary Economic Committee, that the instability of economic policy in the country, the main factors behind the wait is implementing a project to delete the zeros of the currency, saying that the central bank can not single-handedly accomplish this important project without the support of the government.

She said committee member Nora Albjara: "The government has completed all the mechanisms relating to the draft deletion of zeros from the currency since the year 2013 and was able to complete the project within the required specifications," noting that "no project application came for political and economic reasons."

confirmed the deputy in a statement the "morning" that " the most appropriate time that it was possible that the implemented project to delete the zeros of the currency is the year 2012 because of the unstable political and economic climate and because of the high oil prices, as well as financial abundance at the time that allowed the state to start deleting zeros currency ".

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by **dizzydee** Sun May 10, 2015 7:57 pm

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Post n°2

Re: Parliamentary Economy: not behind the delay deletion of zeros stability

by dizzydee Sun May 10, 2015 7:57 pm

5/10/2015

Parliamentary Economy: not behind the delay deletion of zeros stability

BAGHDAD - confirmed the parliamentary Economic Committee, that the instability of economic policy in the country, the main factors behind the wait is implementing a project to delete the zeros of the currency, saying that the central bank can not single-handedly accomplish this important project without the support of the government.

She said committee member Nora Albjara: "The government has completed all the mechanisms relating to the draft deletion of zeros from the currency since the year 2013 and was able to complete the project within the required specifications," noting that "no project application came for political and economic reasons."

confirmed the deputy in a statement the "morning" that " the most appropriate time that it was possible that the implemented project to delete the zeros of the currency is the year 2012 because of the unstable political and economic climate and because of the high oil prices, as well as financial abundance at the time that allowed the state to start deleting zeros currency ".

She was a member of the Economic Commission for regret "for not Cabinet vote at the time on the project, which caused the loss of an opportunity to achieve financial stability and to avoid the effects of high oil prices.

and showed Albjara, that the project application now it's difficult in the absence of opportunities for political, economic and security stability, noting that "the government has reached the vessels solutions to address Big money supply so resorted to issuing currency category 50 000 dinars to absorb inflation, which will be issued effectively over the next few months, "adding that the new currency comes under the international standards."

In turn, confirmed member of the Committee of Economy and Investment parliamentary Charter Hamdi, that "the central bank does not can delete the zeros because of the economic situation is stable. "

said Hamidi said in a press statement: "The Committee of Economy and Investment parliamentary hosted the Governor of the Central Bank of Iraq on the Keywords, and discussed with him for the provision of liquidity and increase demand for the dollar issues as well as the disparity in the exchange rate."

she added Hamidi that "Keywords stressed that the process of handling these things, where they will be printed new financial category worth fifty thousand dinars," indicating that "the bank for printing percent category thousand dinars to a later time."

She Hamidi that "the central bank can not delete the zeros because of the status quo and the unstable Iraqi economy, "the central farewell to" increase revenue that will provide cash and foreign currency, which eases the burden on the citizen.

For its part, said a member of the Economic Committee Najiba Najib, "said the project full but start by non-specific because of the war against Daash."

She In a statement the "morning" that the central bank can not by itself accomplish this project because he is a specialist technical matters and the project requires full support from the government. "

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by duck2000 Sun May 10, 2015 8:24 pm

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Post n°3

Re: Parliamentary Economy: not behind the delay deletion of zeros stability

by duck2000 Sun May 10, 2015 8:24 pm

increase demand for the dollar issues as well as the disparity in the exchange rate." just as planed!

by Screwball Sun May 10, 2015 8:45 pm

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Post n°4

Re: Parliamentary Economy: not behind the delay deletion of zeros stability

by Screwball Sun May 10, 2015 8:45 pm

Plans are good just need to move quicker! Lol....

by beverly508 Mon May 11, 2015 10:55 am

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Post n°5

Re: Parliamentary Economy: not behind the delay deletion of zeros stability

by beverly508 Mon May 11, 2015 10:55 am

I like it when a plan comes togethe!!!

Magic 8 Ball

by **Proven** Mon May 11, 2015 12:34 pm

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Post n°6

Re: Parliamentary Economy: not behind the delay deletion of zeros stability

by Proven Mon May 11, 2015 12:34 pm

Thanks Dizzydee.

Just a thought.... The economic committee is now having to justify why they are holding up the delete the zeros project. It indicates that they are getting intense pressure to get the show on the rode. I am sure pressure is coming from the provinces wanting to start the economic development to put people to work. Based on Saleh's comments about the need to issue large categories, it is also coming from the Prime Minister's office. They can not hold back the tide.

Do they want to get rid of ISIS before starting? Can the misery of the people wait any longer? So rich and yet so poor.