Frank26

Article: “Central Bank Governor: Changing the currency is within our authority and removing zeros requires legislation in parliament”   This is an official announcement…from the CBI directly to the Iraqi citizens and to the international world…Removing the zeros…requires legislation from parliament, that’s a mistake because we don’t need  parliament...July 28th Article quote:  “Removal of three zeros from the Iraqi dinar would normally require legislation…The prime minister requested the Federal Supreme Court of Iraq to issue an interpretive ruling regarding the powers of the Council of Ministers…The Federal Supreme Court ruled regardless of whether a law expressively grants such authority, the Council of Ministers possesses and inherited constitutional powers to issue regulations, instructions and decisions.  This ruling opens the door for the government to proceed with the removal of the three zeros from the Iraqi currency through government regulation without first obtaining parliamentary approval.”   End of story.  That’s where we’re at right now. Frank26