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Parliamentary: delete the three zeros did not lead to the strengthening of the dinar
21/11/2011
Continuing fallout theme delete zeros and its impacts on the field of the local economy, continued to study this step carefully in this field, and the mechanisms used in the process of replacing these large distributed the money supply in local markets, at the time of found that economists disagreed about and interested in the results of this step, as described by some as a step towards lifting the Iraqi dinar, in the opposite direction views came.
In this regard, Member of the Finance Committee in Parliament the draft deleted Risalat Najib zeros from the currency does not strengthen the Iraqi dinar against foreign currencies, saying he was a mere formality for the restructuring of the currency.
Najib said in a statement for (News): the draft deleted three zeros from the currency does not increase the value of the Iraqi dinar against foreign currencies, but a formality for the restructuring of the currency and reduce the money supply in circulation.
She explained that the draft deleting zeros from Iraqi currency will make it easier for banks, banks, merchants and owners of large amounts of money transfer from one place to another, contrary to what is now the current currency that they were replaced with foreign currency. She pointed out that the objective of this project is to restructure the currency and making them more heavily traded by investors and Iraqi banks away from trading in foreign currency, because it reduces the money supply of the currency, she say: This project provided as proposed by the Central Bank of Iraq had not informed the Iraqi Parliament fully detail both event only meeting between the Department of the Central Bank and the parliamentary Finance Committee, and stressed that they intend to implement this project Committee Member invited. financial parliamentary not rush to implement such a large project with a few time, but we must examine in detail to identify the positive and negative aspects, emphasizing the need for awareness to the citizen through the media to how to Exchange and use.
The appearance of the Central Bank's Deputy Governor Mohammad Saleh said earlier: that draft deleted three zeros from the currency is not affected by any criticisms, noting that a national project to be implemented, and continued «many countries in the world has gone through this experience and have successfully applied and exceeded all conflicts and decline in their economic realities», pointing out that the project will be further examining more and demonstrate understanding and explained to the public and it is not legitimate Anya, but long-term needs A long time to apply, the more likely that will be applied after more than a year from now.
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21/11/2011
Continuing fallout theme delete zeros and its impacts on the field of the local economy, continued to study this step carefully in this field, and the mechanisms used in the process of replacing these large distributed the money supply in local markets, at the time of found that economists disagreed about and interested in the results of this step, as described by some as a step towards lifting the Iraqi dinar, in the opposite direction views came.
In this regard, Member of the Finance Committee in Parliament the draft deleted Risalat Najib zeros from the currency does not strengthen the Iraqi dinar against foreign currencies, saying he was a mere formality for the restructuring of the currency.
Najib said in a statement for (News): the draft deleted three zeros from the currency does not increase the value of the Iraqi dinar against foreign currencies, but a formality for the restructuring of the currency and reduce the money supply in circulation.
She explained that the draft deleting zeros from Iraqi currency will make it easier for banks, banks, merchants and owners of large amounts of money transfer from one place to another, contrary to what is now the current currency that they were replaced with foreign currency. She pointed out that the objective of this project is to restructure the currency and making them more heavily traded by investors and Iraqi banks away from trading in foreign currency, because it reduces the money supply of the currency, she say: This project provided as proposed by the Central Bank of Iraq had not informed the Iraqi Parliament fully detail both event only meeting between the Department of the Central Bank and the parliamentary Finance Committee, and stressed that they intend to implement this project Committee Member invited. financial parliamentary not rush to implement such a large project with a few time, but we must examine in detail to identify the positive and negative aspects, emphasizing the need for awareness to the citizen through the media to how to Exchange and use.
The appearance of the Central Bank's Deputy Governor Mohammad Saleh said earlier: that draft deleted three zeros from the currency is not affected by any criticisms, noting that a national project to be implemented, and continued «many countries in the world has gone through this experience and have successfully applied and exceeded all conflicts and decline in their economic realities», pointing out that the project will be further examining more and demonstrate understanding and explained to the public and it is not legitimate Anya, but long-term needs A long time to apply, the more likely that will be applied after more than a year from now.
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