Invited the Chairman of the Board of Directors of the Bank Hussam economy need slave project delete three zeros from the Iraqi currency, which will increase Iraqi dinar exchange rate, saying it did not cause by raising inflation.
Obeid said in an interview with a reporter (News Agency KCNA) Wednesday: direct action project delete three zeros is currency is a good step by the Central Bank move to work though, would make the dinar value international purchasing.
He ruled that cause project delete zeros in the high inflation rate but lead to raising the rate of exchange for dinar international currencies.
He noted that the project was not confusion in the banking business but would facilitate a lot of things through a process of storage and transport, and also eliminate many problems, including incidents of theft and professional errors in counting and others.
And Chairman of the Board of Directors of the Bank commented economy about remarks made by some officials and refusing to delete three zeros from the currency: saying: several community views and ideas of all competent could put freely but this project become a reality and is binding on the State to accomplish because it will reduce the money supply, noting that the draft delete zeros will affect the economy, “Yes” through easy circulation in the market, carrying and transporting
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