Delete the Zeros From the Currency Raises the Value of the Iraqi Dinar
|October 28, 2014||Filled under Iraqi Dinar News|
Iraqi Dinar News –
Committee for Economy and Investment parliamentary announced that the deletion of zeros from the Iraqi dinar currency will be working by next year, while the Finance Committee promised to delete the zeros will contribute to raising the value of the Iraqi dinar.
The former committee member Abdul-Hussein al-Yasiri (time) yesterday that (lifting of the zeroes from the currency economic necessity to raise the value of the dinar against other currencies).
He said (this proposal has Tdarch a long time ago when Shabibi was governor of the Central Bank has agreed to this measure based on economic) scientific data. He explained that Yasiri (deletion of zeros will facilitate the carrying amounts of money for many leading to easy to carry and be stored and handled).
For his part, said the economic and investment commission member Jawad al-Bolani said in a statement yesterday that (the deletion of zeros from the currency will be working with next year and the government had a project about deleting three zeros from the currency to reduce inflation quotient currency but it has been postponed).
He added that the (foreign exchange reserves at the central bank stood at $ 76.3 billion that traded currency markets amounted to 40 trillion Iraqi dinars). Bolani said that (there are some laws will be discussed in the House of Representatives soon which banks and the central bank law and the law of money laundering and these laws will promote the national economy).
The last part of the parliamentary legal committee submitted a proposal to the House of Representatives for the purpose of passing this year’s budget in the form of advances, while stressing the legal expert Tareq Harb he may not pass the budget in the form of advances to lose it legalized.
A war of (time) yesterday that (there is money spent in exceptional circumstances experienced by the country where the money spent in the form of expenses and revenues). He said (to try to pass the budget in the form of ancestor is not lawful because the only door that gives legitimacy to the money spent is not non-budget).
Meanwhile, a member of the Committee on the gesture in a statement yesterday that the (fiscal year is nearing completion and the federal budget for 2014 did not vote on it until now).
He said that (the Committee suggests the possibility of passing the budget in the form of financial advances made to the previous government and the approval of approval because it can not be the survival of the current fiscal year without a budget or pass a federal budget in 2015 instead).
He pointed to the gesture (a discrepancy of exports and imports volume, which led to further delays hamper the voting process).
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