Parliamentary Economic Committee: deletion of zeros would disrupt the state budget

Ali Salman - 07/14/2013 - 7:47 p | Hits: 84

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Counting a member of the parliamentary economic committee Hussein المرعبي the process of deletion of zeros from the Iraqi currency as ستربك the state budget.

"The urgency on the subject of the deletion of zeros from the currency will lead to major embarrassment for the government."

He continued, "We as members of the parliamentary economic committee advised the central bank to wait and lack of urgency and to clarify the dimensions of this issue to the Parliament as well as to the government."

The المرعبي said that "the deletion of zeros from the currency would disrupt the general budget and will help to currency smuggling and reduce liquidity and increase inflation by" up to 100%, he says.

He pointed out that "there are poorer in cash and may not experience we can manage this file for the time being efficient and transparent."

He said "We do not have a clear vision of the possibilities of the central bank in the management of this thorny issue being works full independence from the government and parliament."

The parliamentary economic committee demanded that the central bank need to delete the zeros from the currency after the available floor exit of Iraq from Chapter VII.

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