Posted on 11 July 2012. Tags:
MP Abdul Hussein Raisan, of the Ahrar bloc, has said that deleting the three zeros from the Iraqi currency was “inappropriate due to the present economic conditions”.
Citing a lack of real reforms in the banking sector, he said that the economic situation is not suitable for such a change, according to a report from Aswat al-Iraq.
The Parliamentary Economic and Investment Commission said in a press statement that “the currency should be changed in form and value, which requires a special law”.
The “Premiership Secretariat General” (sic) said deleting the three zeros should be postponed because withdrawing and burning 40 trillion Iraq dinars needs further study.
(Source: Aswat al-Iraq)