I previously written about the written about the Parliamentary Finance Committee who has current oversight on the deletion of the zeros. It has been widely reported in local Baghdad media that the political and economic situation is currently not the best plan for deleting the three zeros from the Iraq currency.
The International Monetary Fund (IMF) is supportive of the new Iraq currency and other measures to help the Iraqi economy.
Shafaq News publishes in English, Arabic and Kurdish languages and has their own radio station in Iraq. Shafaq news has reported that during the next new legislative session in the Iraq parliament that they would bring up the issue of the new Iraq currency. The Shafaq news reporters have established contact with members of the Finance committees.
Parliamentary Finance Committee member, Haitham al-Jubouri recently conducted an interview with Shafaq news stating “The political and economic situation can’t bear opening this issue because the process of deleting zeros needs preparations and coordination with fiscal policy and coordinate with the parliament through legislations that covers the financial conversion.”
We look forward to the new legislative session after the new government has been seated to have the discussions about the new Iraq currency. This is great news and we hope the project of deleting the zeros is placed on the agenda of the new legislative session and not forgotten like before.
The American Contractor blogger has a great relationship with the Shafaq news reporter covering the Economic and banking industry. To stay up to date with the latest news from Iraq please visit the Shafaq news website.