The Ghostfighters

December 5, 2012

Bing Translator

Filed under: Bing Translator — prowlland @ 9:30 am
Alsumaria news/Baghdad
The Iraqi Central Bank, said Wednesday, that the delete zeros from the currency will not be in the next year, at the request of a wait filed by specialized committees in Parliament.

And the Governor of the Central Bank of Iraq, Abdul Basit Turki, in an interview for “alsumaria news” that “Mindful of the decision to delete the zeros and Exchange”, stating that “the timing of the launch of the project to date has not been determined, but it will not be next year 2013”.

He added that “delete zeros is a step necessary and useful for structuring currency and economy,” he said, adding that “the competent committees in Parliament called for the need to wait in the project, so as to provide suitable conditions and time”.

The Iraqi Cabinet decided, in (16 October 2012), head of the Office of financial supervision of Abdel Basset Turki served as Governor of the Central Bank, the Agency said the Supreme Judicial Council, (19 October 2012), for the issuance of an arrest warrant against former Bank Governor and a number of officials in corruption.

And Central Bank Governor Sinan Al-Shabibi Iraqi issued the arrest warrant, (6 November 2012), on the detention of 20 employees of the Bank, demanding their release, it was also considered that the Bank rejected the Government’s attempt to dispose of reserves is due to the controversy, saying that his conflict with the Government’s policy to fight inflation.

The parliamentary Finance Committee was outweighed, on August 9, 2012, through Attorney Haitham Al-Juburi that is to delete the zeros and switch the currency during the month of July of next year, with the Central Bank removed all concerns, the Government will support this project with its own pros and cons.

A member of the parliamentary Economic Committee Hussein almerapi (September 23, 2012), the flop in monetary policy make the country lose around eight million dollars a year, while warning that the subject delete zeros will make it easier for mafia money laundering stolen billions without feeling State, invited to study its impact on the overall situation.

He accused the Central Bank, in (September 12, 2011), the Government of obstructing the monetary reform and vowed to prosecute, blaming them for endangering the financial interests of the country.

With the Prime Minister’s Advisor for Economic Affairs Abdul Hussein Al-Anbuge, (25 August 2011), to raise zeros from the currency is the biggest corruption in Iraq if during this period, under the title economic warning tampering “Division” is preparing to falsify trillion Iraqi dinars to replace the expected changes.

Some economists believe that Iraq is not formatted to delete the zeros of the Iraqi dinar, noting that the deletion needs to security and political stability as well as economic stability.

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