Wednesday, September 14, 2011

Iraq's future The head of the Finance Committee representative Haidar Abadi, that with the deletion of zeros from the Iraqi currency

Baghdad / Iraq's future The head of the Finance Committee representative Haidar Abadi, that with the deletion of zeros from the Iraqi currency as an important and necessary condition that the actions to be associated with a sound and correct. predicted Abadi to begin replacement of the new currency early in 2012, wondering whether the remaining time enough for the procedures associated with currency exchange, or will be extended period of time longer. " said Abadi, that "a number of precautionary measures have been discussed with the Central Bank to be the replacement process successful and correct." said MP for the state law that "one of the precautionary measures is that the currency is safer and less fraud because the old currency and The proportion of fraud in which a few, but the quantity was great Xu, "The fraud case of an international and not without a state by as long as any fraud rings Valtzoar exists in America, Britain and other countries." and Abbadi, "The new currency will not reflect negatively on the inflation situation in the country and will be dealt Iraq's financial easier and better delete the zeros. " revealed that the "mechanism tends to replace the currency gradually and not all at once so as not to back the currency

. adding that" destruction of the old currency must be accompanied by strict measures to prevent the return and the leakage of the old currency to the the market. " He noted that "the new place that will bring the process of replacing the new currency and destroying the old currency has yet been set." He concluded, Abadi, by saying that "the size of the Iraqi currency has become unreasonable and we are not the first country in the world to replace its currency,

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