Member of the Economic Committee: Current economic situation does not allow replacement of currency

Posted: July 8, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Date: Sunday, 08-07-2012 09: 33 am

Baghdad (News) … Male member of the Committee on the economy and investment/National Alliance Deputy/Abdul Hussein Al-Husseini, that circumstance ressan economic disadvantage to delete zeros from the currency and replace.

Husseini said in a statement received (News Agency news) on Sunday: that the deletion of zeros from the currency means changing the format and value, noting such needed legislation as provided for in the Constitution.

He added that the country’s economic condition is not suitable for such a change at the present time, not to mention the lack of real reforms for the banking sector

http://bit.ly/Pvl3XDTheCurrencyNewshound

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