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Deletion of zeros from Iraqi dinar health economic evidence
03.09.2011
Faris Omar
Since the central bank announced a plan to the deletion of three zeros from the Iraqi currency minting a coin to the banknotes currently in circulation. reviewed the Central Bank at the time, the difficulties caused by the current Iraqi currency Pfiadtha led by a handful of zeros in the trade. He pointed to the harassment caused by the currency of the citizen who should be used as bags packed stacks of dinars to purchase goods is simple. as that dealing with piles of dinars in daily life in this way preclude the use of ATMs, which have become common in other countries but is still impractical in Iraq. due intrusion zeroes on the Iraqi dinar to the days of hyperinflation that brought the value of national currency as a result of previous wars and the subsequent UN sanctions destroyed Iraq's economy and sent the currency of Iraq to the paper was printing the former regime, issued in large quantities without a cover. but the relative stability of the national currency and the return link Iraq to the global economy and the availability of foreign exchange reserves, thanks to oil exports, the central bank are all encouraged to think in the deletion of zeros. But the conviction displayed by officials in the bank this measure met with reservations from officials in the government and put a question mark on the feasibility of such a move and its timing. In this context, he noted adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge in a special interview for Radio Free Iraq that the rampant corruption in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes, according to his opinion. But the Advisor to the Governor the Central Bank of the appearance of Mohammed Saleh described system of cash payments current system miserable as the largest denomination in which value does not exceed twenty dollars, pointing out that this provision is the installation of the Iraqi currency issued by the Central Bank after the study lasted five years. Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge warned his part to the bumps that will face change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods for reasons of fake due to payment of dinars instead of the thousand dinars, as now. But the adviser to the Governor of the Central Bank of the appearance of Mohammed Saleh considered that the fear of fraud rings reflects the look bleak reminder that other countries embarked on switch its currency and dropped them zeros, such as Turkey, Romania and Brazil, without being of its economy to shocks and therefore, Iraq is not engaged in water unknown or walking down the road did not knock him one before. Adviser to the Prime Minister for Economic Affairs pointed out the high costs of re-printing of new currency, stressing that attempts will be made to persuade Central Bank plans to slow down in this regard. But the adviser to the Governor of the Central Bank explained that the currency exchange and deletion of zeros decision taken by the executive branch and approved by the legislature and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators. He expressed the appearance of Mohammed Saleh optimism about the prospects for the development of the Iraqi economy, stressing that the currency reform is strongly linked to the economy and that the goal of such a move is to restore the Iraqi dinar to its previous. economic analyst Bassem Jamil Antoine believed that the switch of the Iraqi currency the inevitable and called to meet the conditions necessary to perform the operation At the forefront of security and political stability. over time until the mid-eighties the Iraqi dinar was equivalent to more than three U.S. dollars. It is estimated that raising the three zeros will lead to the exchange rate of one dollar per dinar. contributed to the file via Radio Free Iraq in Baghdad, Khalid Waleed
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حذف اصفار عن الدينار العراقي دليل عافية اقتصادية
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اعلن البنك المركزي منذ فترة اعداد خطة لحذف ثلاثة اصفار من العملة العراقية وسك عملة معدنية الى جانب الأوراق النقدية
Deletion of zeros from Iraqi dinar health economic evidence
03.09.2011
Faris Omar
Since the central bank announced a plan to the deletion of three zeros from the Iraqi currency minting a coin to the banknotes currently in circulation. reviewed the Central Bank at the time, the difficulties caused by the current Iraqi currency Pfiadtha led by a handful of zeros in the trade. He pointed to the harassment caused by the currency of the citizen who should be used as bags packed stacks of dinars to purchase goods is simple. as that dealing with piles of dinars in daily life in this way preclude the use of ATMs, which have become common in other countries but is still impractical in Iraq. due intrusion zeroes on the Iraqi dinar to the days of hyperinflation that brought the value of national currency as a result of previous wars and the subsequent UN sanctions destroyed Iraq's economy and sent the currency of Iraq to the paper was printing the former regime, issued in large quantities without a cover. but the relative stability of the national currency and the return link Iraq to the global economy and the availability of foreign exchange reserves, thanks to oil exports, the central bank are all encouraged to think in the deletion of zeros. But the conviction displayed by officials in the bank this measure met with reservations from officials in the government and put a question mark on the feasibility of such a move and its timing. In this context, he noted adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge in a special interview for Radio Free Iraq that the rampant corruption in state institutions and the low level of efficiency and economic situation in general at this time not in favor of lifting of the zeroes, according to his opinion. But the Advisor to the Governor the Central Bank of the appearance of Mohammed Saleh described system of cash payments current system miserable as the largest denomination in which value does not exceed twenty dollars, pointing out that this provision is the installation of the Iraqi currency issued by the Central Bank after the study lasted five years. Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge warned his part to the bumps that will face change the currency, and the deletion of zeros, including the risk of fraud and increasing the demand for goods for reasons of fake due to payment of dinars instead of the thousand dinars, as now. But the adviser to the Governor of the Central Bank of the appearance of Mohammed Saleh considered that the fear of fraud rings reflects the look bleak reminder that other countries embarked on switch its currency and dropped them zeros, such as Turkey, Romania and Brazil, without being of its economy to shocks and therefore, Iraq is not engaged in water unknown or walking down the road did not knock him one before. Adviser to the Prime Minister for Economic Affairs pointed out the high costs of re-printing of new currency, stressing that attempts will be made to persuade Central Bank plans to slow down in this regard. But the adviser to the Governor of the Central Bank explained that the currency exchange and deletion of zeros decision taken by the executive branch and approved by the legislature and that the project will not be implemented hastily, but will be taken among other factors to consider before you start to implement it, including the date of the financial year and the strength of the national economy, among other indicators. He expressed the appearance of Mohammed Saleh optimism about the prospects for the development of the Iraqi economy, stressing that the currency reform is strongly linked to the economy and that the goal of such a move is to restore the Iraqi dinar to its previous. economic analyst Bassem Jamil Antoine believed that the switch of the Iraqi currency the inevitable and called to meet the conditions necessary to perform the operation At the forefront of security and political stability. over time until the mid-eighties the Iraqi dinar was equivalent to more than three U.S. dollars. It is estimated that raising the three zeros will lead to the exchange rate of one dollar per dinar. contributed to the file via Radio Free Iraq in Baghdad, Khalid Waleed
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حذف اصفار عن الدينار العراقي دليل عافية اقتصادية
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اعلن البنك المركزي منذ فترة اعداد خطة لحذف ثلاثة اصفار من العملة العراقية وسك عملة معدنية الى جانب الأوراق النقدية
