CBI Announces Project to Delete the Zeros at the Request of Parliament
|January 30, 2014||Filled under All Dinar Trade Articles|
The Central Bank of Iraq said that the project to delete the zeros from the currency will not be in the next year, at the request made by the wait for the specialized committees in Parliament.
The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, in an interview that “deliberation occurred on the decision to delete the zeros and the replacement of the currency,” noting that “the timing of the start of implementation of the project has not been determined so far, but it will not be over the next year in 2013.”
Turki said that “the deletion of zeros is a necessary and useful step to restructure the currency and the economy,” noting that “the relevant committees in the parliament demanded the need to wait in the project, in order to provide the conditions and at the right time.” and the Iraqi Council of Ministers decided, on (16 October 2012), the prime Office of Financial Supervision Abdul Basit Turki functions of the central bank governor agency, meanwhile, announced the Supreme Judicial Council, in (19 October 2012), for the issuance of an arrest warrant for former Fed governor and a number of officials in corruption cases.
Revealed Iraqi Central Bank Governor Sinan al-Shabibi issued against him arrest warrant, in (November 6, 2012), on the detention of 20, an employee of the bank, demanding their release, was also considered that the bank refused the government’s attempt to dispose of its reserves is the reason for the dispute, saying that his policies are incompatible with the government’s policy in the fight against inflation.
Was the Finance Committee Parliamentary suggested, on 9 August 2012, in the words of the Attorney Haitham al-Jubouri be direct delete the zeros and the currency exchange during the month of July of the next year, as indicated that the central bank has removed all worries, it confirmed that the government will support this project after providing Baijayate and cons.
Confirmed a member of the parliamentary Economic Committee Hussein Mura’bi in (September 23, 2012), that the confusion in monetary policy makes the country lose about eight million dollars a year, and while he warned that the issue of deletion of zeros will make it easier for Mafia money laundering steal billions without feeling state, called for a study of its impact on the general situation.
Accused the central bank, in (12 September 2011), government agencies of obstructing monetary reform and vowed persecuting, blaming those actors responsible for endangering the interests of the country’s financial risk. regarded as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011) , to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering with the economic, warning of “mafias currency” is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.
Noteworthy that some economists believe that Iraq is formatted for the time being to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability.
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