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Parliamentary Finance: do not oppose the project to delete zeros from the currency .. And postponed for technical reasons
Author: Al Bayan wrote: March 16, 2013
Baghdad / Ahmed Sadiq
The
parliamentary Finance Committee renewed no objection on the
implementation of the project to delete the zeros from the current
currency trading to reduce the numbers and shorten computational
transactions, and demanded the application of some of the items and add
them to the new law.
A member of the parliamentary Finance
Committee Abdul Hussein al-Yasiri in an exclusive statement (statement):
The Finance Committee announced no objection since the beginning put
forward the idea of the project is still, but it required the
inclusion of some new paragraphs of the draft resolution,
which
believes the government represented by the Ministry of Finance, and
sectors and citizens not the occurrence of any losses and spare the
citizens and banks any breaches get through counterfeiting of the new
currency, especially that costs would be prohibitive for both the
citizen and the bank and not to repeat what happened at the last change
after the fall of the former regime and its currency earlier. added
Yasiri
The Commission has proposed opening for change and
trading dual both currencies order to allow citizens to end their
financial transactions related with the private and public sectors and
to prevent confusion on legal debts among citizens.
He said the
members of the Finance Committee expressed their willingness to respond
to claims the central bank enactment of a law debts public which
protects the creditor and the debtor in the event of changed currency
and issue instructions procedural in this regard.
And that the
said project is one of the most important projects emerging Iraqi
economy as reduces the volume and numbers calculations used in Banking
and consumes time and effort, as well as re-Iraqi currency to its normal
size as the currency current unfit for citizen not designed to be
carried pocket due to the size of rolling them, as the strategic central
bank to reduce the size of rolling units cash than 4 billion units to
one billion Unit is very good as well as the introduction of major
currencies up to 100 thousand dinars viable for large transactions.
However,
but the fears that delayed work on the project is the fear of currency
counterfeiting and the consequent problems besetting the national
economy at the current stage requires finding protection for the new
campaign and intensify the role of economic security and the security
forces in general to prosecute counterfeiters and Menthazee
opportunities.
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Parliamentary Finance: do not oppose the project to delete zeros from the currency .. And postponed for technical reasons
Author: Al Bayan wrote: March 16, 2013
Baghdad / Ahmed Sadiq
The
parliamentary Finance Committee renewed no objection on the
implementation of the project to delete the zeros from the current
currency trading to reduce the numbers and shorten computational
transactions, and demanded the application of some of the items and add
them to the new law.
A member of the parliamentary Finance
Committee Abdul Hussein al-Yasiri in an exclusive statement (statement):
The Finance Committee announced no objection since the beginning put
forward the idea of the project is still, but it required the
inclusion of some new paragraphs of the draft resolution,
which
believes the government represented by the Ministry of Finance, and
sectors and citizens not the occurrence of any losses and spare the
citizens and banks any breaches get through counterfeiting of the new
currency, especially that costs would be prohibitive for both the
citizen and the bank and not to repeat what happened at the last change
after the fall of the former regime and its currency earlier. added
Yasiri
The Commission has proposed opening for change and
trading dual both currencies order to allow citizens to end their
financial transactions related with the private and public sectors and
to prevent confusion on legal debts among citizens.
He said the
members of the Finance Committee expressed their willingness to respond
to claims the central bank enactment of a law debts public which
protects the creditor and the debtor in the event of changed currency
and issue instructions procedural in this regard.
And that the
said project is one of the most important projects emerging Iraqi
economy as reduces the volume and numbers calculations used in Banking
and consumes time and effort, as well as re-Iraqi currency to its normal
size as the currency current unfit for citizen not designed to be
carried pocket due to the size of rolling them, as the strategic central
bank to reduce the size of rolling units cash than 4 billion units to
one billion Unit is very good as well as the introduction of major
currencies up to 100 thousand dinars viable for large transactions.
However,
but the fears that delayed work on the project is the fear of currency
counterfeiting and the consequent problems besetting the national
economy at the current stage requires finding protection for the new
campaign and intensify the role of economic security and the security
forces in general to prosecute counterfeiters and Menthazee
opportunities.
[You must be registered and logged in to see this link.]
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