Vice Chair of Finance Committee: Iraq economy is exceptional condition, no need to switch currency at the this time

Posted: August 25, 2012 in Iraqi Dinar/Politics

Parliamentary Finance: the project to delete the zeros will not benefit the national economy and will cost the state huge amounts of money

Likely Vice-Chairman of the Finance Committee, Ahmed Hassan Faizullah, hosting the Governor of the Central Bank in the next few days in the House of Representatives to discuss the currency and selling the project to delete the three zeroes.

He said that “the project to delete the zeros from the currency does not add anything to the national economy but will cost him large sums of money for currency printing operations and others.

He added that “to the Economic and Finance Committees Alniabaten plan to host the central bank governor touched on important topics concerning the local currency and the national economy such as the sale of hard currency operations in the auction to reduce the smuggling of currency and money laundering. “

He explained that “Iraq does not need to switch its currency at the moment that the country is in exceptional condition and is not fully stable, adding that he will to Abiv something to the national economy both in terms of the positive or negative “. 

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