On: Friday 06/07/2012 11:34
Baghdad / WAP / A member of the Committee of Economy and Investment parliamentary Salman al-Moussawi said the central bank attempts to replace the currency is unconstitutional and will lead the country towards the unknown, which may not be bad consequences.
He said in a statement received / WAP / copy of it: “no right to the central bank currency exchange because the article / 110 / of Dezturalaraca stipulates that federal authorities have the right fiscal policy, issuing currency in the country means the executive and legislative branches.”
He continued, “The presidency of the Central Bank and more than a year raises issue of deletion of zeros from the Iraqi currency attributes the reasons to strengthen the Iraqi currency and give it a universal value, but after that the audited subject and we found not a process of deleting the zeros, but replace the currency with full merits.”
And the MP for the coalition of state law: “The proof of this is to change currency symbols present and the introduction of the Kurdish language emphasizes the process it replaced and not deleted zeros, expected to result in the replacement process to the many problems which may enter the country’s currency, forged while we work on the stability of market leads to the collapse of the Iraqi currency in full. “
He described “the central bank attempts to implement this project early next year, as a unilateral act is valid and is rejected out of hand because it is the process of replacing unknown results.
We added with the replacement of the currency if there is economic benefit to the country, but we found after the study and the possibility that many are fighting against Paschklat delete the zeros do not know what the future of Seoul him the Iraqi economy. “
He explained that “the stability of the economy and the Iraqi market is through the activation of income-generating sectors, and encourage the private sector and make the country an attractive environment for investment and the economy not by the deletion of zeros.”