Parliament Finance excludes the application of the study of deleting zeros from the currency

Saturday 07th September 2019 - 16:28

Parliament Finance excludes the application of the study of deleting zeros from the currency

Baghdad-INA

The Committee's Rapporteur Ahmed al-Saffar told the Iraqi News Agency : The proposal to delete the zeros has been raised from the House of Representatives to the Parliamentary Finance Committee in order to study the change of national currency and all categories and the printing of new currencies, but the preliminary study showed that the costs needed by the project is big.

He added that the budget deficit for this year and Iraq's debt is one of the most important reasons that will lead to delay the deletion of zeros (three zeros), noting that the Finance Committee has assigned specialized bodies of monetary policy to study the project carefully to submit to the Finance Committee to be the main lines of this project, which Its beginnings go back years.