CBI: Switch currency and delete zeros will take two years
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said that the process of switching the currency and delete zeros will not be completed this year and completion will take approximately two years.
Saleh said in a press statement on Saturday that preparations and preparations for the process of switching the currency and delete zeros began more than a year and will take approximately two years.
He pointed out that “the completion of the project the improvement of the payments and to facilitate the circulation of currency, that process will raise the exchange of currency and improve its value in the domestic and global market, denying caused by any effects on the standard of living of the Iraqi people. “and called on the Deputy Governor of the Central Bank to the” cooperation of everyone, both for its location in the success of the project as a national and for all. “
For his part, Member of the economy and investment Parliament, Salman al-Moussawi attempts Central Bank to replace the Iraqi currency practice is unconstitutional is leading the country towards the unknown. Al-Moussawi said in a statement received (citizen) a copy of that “no right to the central bank currency exchange, at a time, state in Article 110 of the Constitution provides that “the right of the federal authorities to draw financial policies and the issuance of 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 deputy coalition of state law that” the evidence of this is the change currency symbols present and the introduction of the Kurdish language emphasizes the process it replaced and not delete the zeros, “expected to lead replacement to the many problems which may enter the country fake currency while we work on the stability of the market leads to the collapse of the Iraqi currency in full. “and described” attempts the Central Bank of the implementation of 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. “went on” We are 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
For her part, MP Nahida Daini that the issue of deletion of zeros of the Iraqi currency has become a political issue and may be subject to the principle of compatibility.
Dani said in a press statement on Saturday that “the parliamentary Economic Committee hosted the director of the CBI and hosted the Economic Committee in the Council of Ministers and there was a difference and a clear difference in the position of the large sides of the issue of” currency reset “or delete Asfarha.
“The Economic Committee in the Council of Ministers believes in changing the currency laundering of money has cost the country huge amounts of money so to Avaúdh of change., And that the second party which is the central bank sees this change does not cost the country a lot and will support the country’s hard currency.”
She noted that “the parliamentary economic committee with a mechanism to change the currency, and see that the central bank is the owner of the biggest issue in this matter and has the final word to this subject, because his studies and supported by the evidence.”
Daini and predicted that “the currency change is definitely coming to Lucan until there are some objections from the Economic Committee in the Council of Ministers.”
Daini and revealed a “hold an expanded meeting will be held soon to decide on the issue of changing the currency and delete zeros in the presence of the Minister of Finance and members of relevant committees.”