a member of the Economic Committee noted MP Abdul-Hussein Abtan, to the Iraqi market need for the project to delete the zeros from the currency in early 2013 to save the country from high inflation.
Abtan said in a press statement: The local market is an urgent need to delete the zeros from the currency, which works to raise inflation rates and increasing the money supply if left zeros for the year 2014, stressing: that postponing the project would damage the national economy.
He added: It is necessary to move from one currency zeros that increase financial bloc and make it an easy way to theft and loss to a more sophisticated currency, he said, adding that the project to delete the zeros is a message to the civilized world that Iraq’s economy is improving.
He continued: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.
Noting that inflation is on the increase, due to an increase in the money supply for the scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of materials, goods