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...unanimously agree postponement to delete three zeros from

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...unanimously agree postponement to delete three zeros from

Unread postby Stillw8n » Fri Apr 20, 2012 8:43 am

...unanimously agree postponement to delete three zeros from currency is ideal and needs time to implement

Date: Friday, 20-04-2012

Baghdad (newsletter) … The parliamentary Economic Committee welcomed the decision of the General Secretariat of the Council of Ministers await the draft deleted three zeros from the Iraqi currency, saying time is ideal, and needed time to implement it.

And Economic Committee Chairman MP/Iraqi/coalition Ahmed Al-alwani (News Agency news) on Friday: the resolution issued by the Presidency of the Council of Ministers to postpone the project deleted three zeros from the local currency is professionally before politically, because the draft was important and needed time to study and identify the most critical, the fact that the Iraqi dinar is a national currency and no ideological or national identity.

He added: the parliamentary Economic Committee had extensive ongoing meetings with the Federal Government and the Central Bank on this project and it was unanimously agreed that this project is important for the Iraqi economy and the local currency is not the first country to Iraq fighting this experience but there are many depreciation of its currency was deleted States, but needed time to apply, the fact that the country was going through during the present period of political transition and the differences between bottlenecks parliamentary groups, therefore it needs political stability to apply.

On the question of a Central Bank, the Council of Ministers referred to Al-alwani Attorney: that the Federal Government had denied the claim by linking the Central Bank and make it under their control, because Central is an independent financial policy and administrative to work independently and without political pressure as immaterial overall Iraqi people, the Constitution stipulated that all independent bodies, including the Central Bank is linked to house its control and accountable if default.

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