Abtan: Awan ": political problems would not affect the project delete zeros after coming out of Chap

by lonelyintexas Sun 07 Jul 2013, 6:09 pm

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Abtan: Awan ": political problems would not affect the project delete zeros after coming out of Chap

by lonelyintexas Sun 07 Jul 2013, 6:09 pm

Abtan: Awan ": political problems would not affect the project delete zeros after coming out of Chapter VII

Baghdad-time

Member of the Economic Committee predicted Parliamentary Abdul Hussein abtan, Sunday, the political problems do not affect the project delete zeros of the Iraqi currency Pointing out that Chapter VII was the largest project of the marokat claimant damages currency accumulation. Abtan said in a statement to "time", "the Central Bank introduced an integrated project to the Government and Parliament, and long discussions with experts and specialists, contributed to ease caveats from the deletion process.

And that "everyone finds positives to raise zeros from the currency more drawbacks, as well as being an economic strategy while inevitable drawbacks within record time by the Central Bank". Alabtan noted that "this does not mean the absence of negatives in the project, there will be administrative and financial effort for the success of the operation, in addition to the potential constraints and other financial arrangements may get during the deletion of the remake of the currency". He pointed out that "Item 7 which came out of Iraq was the greatest obstacles to the implementation of the project, the possibility of accumulation of currency abroad claim compensation, but after this, it became necessary to start deleting zeros ", indicating that the cash reserves in the Central Bank reached $ 76 billion, and that Iraq turned from debtor country to a donor country, is a clear".

The "proven experience in neighbouring countries such as Turkey and Lebanon and other do not have to worry about currency and economy setback". He was Deputy Governor of the Central Bank of the former appearance of Mohamed Saleh warned start raising zeros at the present time, given the Iraq parliamentary election turnout of 2014 can create a transitional situation confused affect negative currency.
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I like this statement alot. Debtor country to Donor country.
Thanks
LIT