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Expert: Changing currency will not affect value of Iraqi dinar, economy
02/07/2011 15:55:00
Karbala (NINA) - Economy expert said "Iraqi currency change does not have any effect on the value of the Iraqi dinar and economy.”
Alaa Farhan, Dean of Admin and Economics Faculty at the University of Karbala, told NINA correspondent today "the impact of changing the Iraqi currency on economy is very limited because the Iraqi dinar’s value is linked to economic development, not the currency only."
He added "the economic development is limited and covers agricultural, industrial, commercial and other aspects."
"Therefore, we find that the impact on the value of the Iraqi dinar is very weak, the process of changing the currency in terms of size, figures and the nature of the paper and texture as the existing currency are in different sizes and therefore must be in one size that could be used in ATMs," he explained.
"The U.S. currency, the dollar, is in the same size and from the same pulp, which facilitates using it in ATMs,” he concluded.
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02/07/2011 15:55:00
Karbala (NINA) - Economy expert said "Iraqi currency change does not have any effect on the value of the Iraqi dinar and economy.”
Alaa Farhan, Dean of Admin and Economics Faculty at the University of Karbala, told NINA correspondent today "the impact of changing the Iraqi currency on economy is very limited because the Iraqi dinar’s value is linked to economic development, not the currency only."
He added "the economic development is limited and covers agricultural, industrial, commercial and other aspects."
"Therefore, we find that the impact on the value of the Iraqi dinar is very weak, the process of changing the currency in terms of size, figures and the nature of the paper and texture as the existing currency are in different sizes and therefore must be in one size that could be used in ATMs," he explained.
"The U.S. currency, the dollar, is in the same size and from the same pulp, which facilitates using it in ATMs,” he concluded.
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