Deletion of zeros in 2014 .. project is ready and implementation deferred BAGHDAD / JD / .. The project to delete the three zeroes from the currency unchanged if the rest of the major strategic projects, affected by the unstable security situation in the country, where was supposed to be implemented early 2014 after the creation of the logistical and technical measures by the central bank, but the deterioration of the security situation in most parts of the country, which saw control by some terrorist groups. Sparked fears the by government, parliament and the Central Bank in the implementation of this major project, which some have described as possibly exploited by outlaws in achieving their despicable ends, prompting the central bank in agreement with the financial and economic committees to postpone the implementation of the project over four years to come, until the creation of the appropriate security conditions for its implementation. Member of the Committee on Economy and Investment Attorney Nora Albjara, attributed the lack of implementation of the project to delete the zeros during 2014 to the unstable security situation in the country, as suggested implemented over the next four years. She said Agency / BD /: “The Central Bank of Finance, Economy and Investment in the House of Representatives and the Committees agreed to postpone the implementation of the project to delete the three zeroes over the next four years, although the central bank completed all technical and logistical procedures relating to the implementation of the project.” She added: “The reason for the postponement of the implementation of the project not to be applied in 2014, due to the unstable security situation in most parts of the country, especially in the provinces experiencing control by ISIS organization, because it may take advantage of the project by these groups to achieve their goals, currency manipulation of the price of exchange which affects the economic situation in the country.” The central bank had announced in 2012 that the application for the project to delete the zeros will be in early 2014, after being able to complete all procedures related to the stages of implementation of the project design currencies and contracting with companies. As a member of the Finance Committee MP Jamal Joker, stressed that the large project is not affected by the security situation, the fact that the central bank taking all things into consideration, noting that the process will be in the form of stages, so do not affect the market or citizen. Some of the House of Representatives and economists jurisdiction rejecting the idea of postponing the implementation of the project over four years to come, called on the central bank to apply the project in early 2015, the fact that the project is of strategic projects that need to be implemented because it will overhaul the local currency strengthening it. Joker told / BD /: “The central bank completed all necessary and essential measures for the implementation of the reform project of the currency, which are now ready for implementation, but some parties called for a postponement of this project under the pretext of the security situation.” The member of the Finance Committee, the central bank to implement the project in early 2015 to be implemented in the form of phases issuing coins and withdrawn gradually so do not affect the market and citizens.
Posted on: Tue, 27 Jan 2015 10:12:01 +0000
Trending Topics
Recently Viewed Topics
© 2015