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Likely no contention from banks in case of deleting zeros fr

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Likely no contention from banks in case of deleting zeros fr

Unread postby Stillw8n » Wed Oct 26, 2011 6:47 pm

Likely no contention from banks in case of deleting zeros from currency

Financial Expert: There will be no contention on the banks in case of replacement

Likely an economist and financial success of the process of replacing the currency, as what was done early in 2012 confirmed that he will not get any crowd in the banks on this.

The expert said the financial and economic Hilal Taan: »The decision to switch the currency and delete zeros of which was correct, especially at the present time».

He’s (Citizen): »The decision to switch the currency came after in-depth study by experts, specialists in this respect».

He pointed out »that in the case of currency exchange there will be no contention on the banks, as happened during the replacement of the currency during the former regime».

He Taan »that the replacement will be smooth and without any problems because the process is in accordance with the deliberate plan». Affirming »that the new currency and financial cover quantity is limited and known and will facilitate all measures in this side».

The head of the Finance Committee, the parliamentary Haider al-Abadi, had confirmed that the deletion of zeros from the currency Iraq is an important and necessary condition that the procedures associated with sound and correct.

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