Deputy Governor of Central Bank denies the existence of a formal decision to delete the zeros

Economic seminar chaired by the Deputy Governor of the Central Bank in Karbala in which he denies the existence of a formal decision to delete the zeros

Held on Saturday morning, an economic seminar at the University of Karbala led by the deputy governor of Central Bank of Iraq has denied the existence of a formal decision about deleting three zeros from the Iraqi currency has also picked up some in the media, as one economist said that inflation in the Iraqi budget prevents the phase transition qualified bank to support its currency and raise the value in the global market.

He (Ahmad Bureihi) on Saturday during the symposium "to" Central Bank of Iraq has so far not issued any formal decision to delete the three zeroes of the Iraqi currency traded in the markets, he did not start until the law on the deletion of zeros, "adding that" such a decision is a matter of administrative regard to administrative and political process in the country in order to achieve a clear monetary policy, noting that this would require a study of contracts and contracting processes that are still not completed its consequent processes of paying money to the companies that started its work since the contracts were signed according to some of them on the basis of currency Iraq as he put it." "What has appeared in some media about the intention of the Iraqi Central Bank to delete the three zeroes of the Iraqi currency news unfounded."

While Bush's Professor of Economics at the University of Karbala, Dr. (Abbas Kazim) Iraq is not possible to issue a new currency has the ability to compete with regional currencies, because of inflation suffered by the Iraqi budget, adding that the decision to delete Alasfagr risk at this stage may lead to trouble," as he put it.

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