17/09/2011 19:52

Baghdad, September 17 / September (Rn) – The economic adviser in the Iraqi government that the process of deletion of zeros from the currency will increase the adornments of the phenomenon of money laundering and is working to convince the central bank need to stop work on the implementation of the project.

Iraqi currency, MONEY, ParaSaid Abdul Hussein Al-Anbuge of Kurdistan News Agency (Rn) that “the Iraqi government had informed the Central Bank today, the existence of a risk to economic security in the event the Bank insisted on the deletion of zeros from the local currency.”

He added that “this process costs time and effort of the government and the central bank raises the level of fraud, some terrorist groups to carry out the smuggling of money out of the country.”

The CBI had announced in June 23 last for his willingness to delete the zeros of the Iraqi currency, and as he emphasized that this step is one of the strategic functions of the Bank, pointed out that the new currency will contain on the Kurdish language in addition to Arabic.

The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Irbil and Mosul, where established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March / March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of and currency management, as well as to regulate the banking sector.

The main Manmam the central bank in managing monetary policy in the country and raise the level of the values ​​of the Iraqi dinar and tackle inflation in the country.

From: Jafar Allonan. Open: Murtaza Yousuf