Snip from today's article ~ MP .. "deleting zeros from the currency change, arguing that just thinking about withdrawing some 40 trillion dinars, storage and destruction needs serious study of the subject"
Someone should inform Al-husseini that the study of deleting zeros has been ongoing since 2003 (kel)... Link .. *Time For New Beginnings ~ New Iraqi Dinar ~ Exactly 8 Years Ago (next month) New IQD Notes Were Distributed ... and .. recent article link .. *Iraqi Dinar News ~ New year - A New Currency - Iraq's new currency ...
July 8, 2012
Abd al-Husayn ressan: circumstance inappropriate to delete zeros
Baghdad, View of economy and Investment Committee member of the parliamentary deputy from the Liberal block Abdel Hussein Al-Husseini to economic circumstance ressan was inappropriate for the subject delete zeros from the currency in the present time.
Husseini said in a press release written received, that the deletion of zeros from the currency means changing the format and value, noting such needed legislation as provided for in the Constitution.
Husseini said that inappropriate conditions in the country to such a change in the present time, not to mention the lack of real reforms for the banking sector.
The General Secretariat of the Council of Ministers has called for caution in deleting zeros from the currency change, arguing that just thinking about withdrawing some 40 trillion dinars, storage and destruction needs serious study of the subject.
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