Home
Economist: delete the zeros a very positive step given the strength of the currency and eliminate cash-density
Tuesday, 06 March / March 2012 11:05
Baghdad {: News} Euphrates, an economist stressed the Chairman of the Board of Directors of banks {Economics Investment & Finance} Husam Obeid on the need to speed up the deletion of zeros from the Iraqi currency for this step because of positive returns.
Obaid said in a statement received by the agency {Euphrates News} a copy of it on Tuesday that "the deletion of zeros from the Iraqi currency has become an urgent need to raise the value of the currency and to maintain balance in the market," adding that "this procedure need to be a political decision."
He added that "Iraq is not the only country that resorted to this option, many of the countries of Europe followed after World War II, including Germany, Turkey has recently embarked on the deletion of 6 zeros from its currency."
And the slaves that "the move to Atntoa any negative repercussions, as it is a very positive step given the strength of the currency and contribute to the elimination of the negative consequences arising from the density of cash as one of the main problems that we have in the banking business, both in the operations of counting currency, sorting categories and destroy bad them and provide the necessary security measures to move them. "/ End.
[You must be registered and logged in to see this link.]
Tuesday, 06 March / March 2012 11:05
Baghdad {: News} Euphrates, an economist stressed the Chairman of the Board of Directors of banks {Economics Investment & Finance} Husam Obeid on the need to speed up the deletion of zeros from the Iraqi currency for this step because of positive returns.
Obaid said in a statement received by the agency {Euphrates News} a copy of it on Tuesday that "the deletion of zeros from the Iraqi currency has become an urgent need to raise the value of the currency and to maintain balance in the market," adding that "this procedure need to be a political decision."
He added that "Iraq is not the only country that resorted to this option, many of the countries of Europe followed after World War II, including Germany, Turkey has recently embarked on the deletion of 6 zeros from its currency."
And the slaves that "the move to Atntoa any negative repercussions, as it is a very positive step given the strength of the currency and contribute to the elimination of the negative consequences arising from the density of cash as one of the main problems that we have in the banking business, both in the operations of counting currency, sorting categories and destroy bad them and provide the necessary security measures to move them. "/ End.
[You must be registered and logged in to see this link.]
