Committee announced the economy and investment representative, Tuesday, to discuss the project to delete the zeros of the existing currency, at the same time warning of a setback in the country’s economy in the event of starting to change currency.
The Committee on the economy and investment representative, warned of the occurrence of corruption and money laundering plans to influential figures within the government to do in case of changing the current currency, calling for a review and deliberation on this matter.
The Chairman of the Committee of Economy and Investment Ahmed al-Alwani in an interview with “Twilight News”, the committee will be discussed with a number of consultants and specialists of the project submitted by the Central Bank, which provides for deletion of zeros from the current currency.
The Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh said in an interview with “Twilight News” for the central bank has submitted the draft to delete the zeros from the currency to the House of Representatives and the government is now awaiting their decision in this regard.
The Alwani that “there is a risk and the risk of unforeseeable consequences may occur after you change the currency could lead to economic setback harm the country’s not recover for many years,” adding that “the process of removing the zeros must be transparent and clear, on the basis of objective and professional in order to avoid problems.”
The Central Bank of Iraq began to discuss amending the categories of the dinar, last year, and is still a large part of the payments being in cash due to the evolution of the banking system.
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