24/10/2010Iraqi Finance renewed its claim to raise zeros from the local currency
Baghdad, Renewed the Iraqi Finance Ministry claim of the Central Bank of Iraq need to raise three zeroes from the local currency, said advisor to the Iraqi Ministry of Finance that the process of lifting the zeros from the local currency will facilitate the circulation of funds between Iraq and the investment companies, as they will be addressed economic crises in the country.
The chancellor said the ministry, Alckheon Zia, in an interview with Kurdistan News Agency (Rn) that "the lifting of the three zeroes from the local currency will facilitate financial transactions between governmental institutions and global investment firms operating in Iraq."
He added that "the Ministry of Finance consistently advocated the need to raise three zeroes from the local currency to address the economic problems facing the trade and closer economic difference between Iraq's domestic currency and the currencies of regional states."
And that "change the currency does not affect practically the value of the salaries of staff not on the value of the Iraqi dinar, because the purpose of the order of the financial situation of the country."
He Alckheon that "start to change the local currency during 2011 will result in a strong Iraqi economy can meet the changes that occur on the international market."
In the opinion of Supervisors on the management of the CBI that the process of deletion of zeros from the currency would cause the increase in expenses, which in turn will allow an increase of cases of financial corruption, in addition to not addressing the problem of inflation suffered by Iraq.
The rumors have recently confirmed that the Iraqi government plans to make changes to the local currency, including raising three zeros "in order to reduce the inflation suffered by the Iraqi market", as well as add the language Kurdish paper currency.
The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was a symbol of the former regime.
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http://www.aknews.com/ar/&act=url
