Examine the mechanism of deleting three zeros from the Iraqi currency in Maysan
10/13/2012 12:00 am
discussed a workshop organized by the Office of the representatives of the Iraqi parliament in the province of Maysan on the mechanism of deleting three zeros from the Iraqi currency was attended by representatives of Maysan MPs Mohammed Saadoun Chihod Rafi Abd al-Jabbar Noshi and professors from the University of Maysan and bank managers and specialists affairs and financial arithmetic and Mmmthelo civil society organizations in province.
said Dean of the Faculty of Business and Economics at the University of Maysan Dr. Fadel punitive’s (Center Brief for the Iraqi Media Network) was axis to indicate a deletion of zeros between pro and exhibitions have been put forward ideas from both sides.,
a positive action must be done by the state after a period became the signs to improve Iraq’s economic and also the process of deletion of zeros to a complete change, but constitute a psychological, economic and easy to handle in cash and remain the Iraqi dinar doomed economically sectors that support within the Iraqi economy.
apprehensive state of Iraq when it comes out of the item Alsba to Aabdi economic well but as a measure to have been affected when, not Iraq the only country that intends to delete the zeros its currency, but there are countries, including Sudan changed its currency and deleted from the Sudanese pound zeros.’m with the deletion of zeros, but there should be strong measures and strict in the process of replacing the zeros and to develop procedures for the replacement process and not rush out of fear of the process of money laundering.
part MP Mohammed Saadoun Chihod’s (Center Brief for the Iraqi Media Network) that economic reforms must be along the lines of political reform, one of the requirements of the current stage and economics Iraq now need to reform and placed the deletion of zeros is one of the economic reforms that elevate the Iraqi economy to the level of our ambitions, but Multi delete the zeros do more harm than good at this stage, where the challenges facing the country, including the economic and fear of corruption and fraud, not to mention not to strengthen the Iraqi dinar after the deletion of zeros we are with the process of deletion of zeros, but not in this difficult journey.
The first step in the economic reforms that preceded the reforms within the Central Bank of Iraq and the relationship of the central bank in charge of fiscal policy, which is under the Iraqi constitution. Within exclusive powers of the federal government is making fiscal policy of the Iraqi state at the time says he independently and far from the government and this is a problem and can not carry out the deletion of zeros under the political pressure and security challenges large.
This big mistake must approve the deletion of zeros is everyone’s participation in policy-making Economic by the Iraqi parliament and the Central Bank of Iraq and can not be of the Central Bank of Iraq to be alone with the process of deletion of zeros without Iraqi parliament is responsible for economic policy and financial of the country.