Monday, 05 September / September 2011 10:09
He called for a coalition of state law Mohammed Chihod to “postpone the deletion of zeros from the currency to miss an opportunity to corrupt and counterfeiters, as they are conducted peacefully in the case at the present time of great harm on the Iraqi economy.”
The Chihod in a press statement received by all of Iraq [where] a copy of it today, “under the current situation where there are financial and administrative corruption is controlled and Matuverh sectarian and factional from the cover of the spoilers in the light of the survival of Iraq under Chapter VII becomes a subject of the deletion of zeros from the currency of the errors very serious against the Iraqi economy as a result of the deletion process will happen a great inflation. “
“The process of removing the zeros will be an opportunity for forgers in the introduction of large quantities of counterfeit currency to the banks and the new currency that replaced the corrupt exploitation of this process they will use the ugliest.”
Chihod and warned of “repeat what happened in the process of switching the currency [Copyright] used by the citizens during the former regime to the current currency where the spoilers replace counterfeit currency to the account of some merchants, fraud rings.”
He Chihod that “the current reality of the country indicates the presence of a large number of fraud rings and promotion because of the support of some neighboring countries to these gangs in order to create confusion among our people must therefore miss the opportunity to Hola and the postponement of the deletion until finding the right time.”
The officials at the Central Bank as well as some politicians and economists urged the government to delete the zeros from the currency and issuing a new currency denominations large cash in addition to the presence of small coins.
Observers say that the government intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar is that economists have played down the significance of this step, considering that the cost of raising the zeros will be greater than the desired strength of the lifting of zeros. “
And Abdul-Hussein Anbuge Adviser to the Prime Minister for Economic Affairs said in a statement yesterday that the removal of zeros from the currency will cause big problems and the events would disrupt the Iraqi economy.
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