September 29, 2010Central Bank of the Tigris Radio: No financial surplus we have to delete the zeros of the draft Strategy
Central bank adviser said the appearance of good Saturday project to delete the three zeroes from the Iraqi currency is designed to reform the management system of currency.
He said good in a statement to Radio Tigris, "The currency system the current cost Iraq long years of release cash cheap", following "The purpose of the strategic project, raise three zeroes from the currency is the legalization of cash trading with the great maintenance of trade transactions and purchasing power of the citizen.
The appearance of good, saying:
Counsel at the Central Bank In a statement to Radio Tigris denied the existence of a surplus in the reserve of the Iraqi Central, according to a report the U.S. Bank Accounting.
The good "The money is in reserves and funds disbursed and obligations," denying that "the surplus according to Helms in the report of the U.S. bank accounting, which he described Balkhati in terms of logical and scientific."
He went to Radio Tigris good by saying:
The Government Accountability Office of the U.S. Congress had said earlier there is a surplus exceeding $ 52 billion to Iraq.
The Minister of Finance Baqir al-Zubaidi, the numbers given by the Office are divided into $ 40 billion currently exist in Central Bank reserves, which is beyond the disposal of the government, there are 10 billion dollars at the disposal of the government, an amount usually act at the beginning of each fiscal year to avoid problems on the new budget.
http://translate.google.com/translate?hl=en&u=http://www.radiodijla.com/cgi-bin/news/news_item.pl%3Fid%3D2010-09-18%252011:56:32&prev=/language_tools&rurl=translate.google.com
