Home
Ahzvo three zeros and stay tuned results
26/07/2011
Yasser Mutawalli
Moving the monetary authority in Iraq, led by the Iraqi Central Bank to raise three zeroes from the national currency in circulation and the target as they say, to rein in inflation and bring down prices and the disposal of large blocks of cash. This action or this experiment passed by several states, according to economists.
The mere launch of a statement such as this kind of news to make the citizen was looking forward to caution many of the stakeholders, the owners are asking for money, effects that may result from this procedure (deletion of zeros). Ala dealer assumed it owed Haider shop owner assumed also 100 million dinars says Alaa: How can I accept 100 thousand dinars of Haider in the case of deleting three zeros?. Recognize all or most of us recognize that our environment is weak in economic culture where not understand all that the deletion of zeros will will not affect the trading or day of the debts of the others it will lead to the result of the escalation of the balance of lawsuits in the courts inevitably the time complaining about the courts of numerous cases and the latter due to the small number of judges, a fact well known, this is one of the effects that may result from the deletion of zeros. So it requires a plan of awareness of high-level to address such conflicts and explain to the citizen in advance not to damage due to the deletion of zeros, and this requires a program of work and time enough to mature this idea and this is the duty of the central bank cut and before starting procedures delete a timely manner.
One expert said to me in replying to my question about the potential effects of the deletion of zeros that Turkey has gone through this experience as it allowed the time to deal, trading two currencies at once and to the long period of time until they realize all segments of society that there is no damage due to the deletion of zeros. We find in This experiment represent a solution to address the social problems and rid the courts of the huge amount of cases assumed the one hand and on the other hand, this action appeared Siksam prices that may be trying to rise as a result of this procedure.
There really should not be overlooked that a number of officials call media statements at random without prior planning or knowledge and expertise of the economic effects that may result from statements detrimental to the national economy Arafah or without the knowledge of that repeat the claim to the concerned authorities of the need to develop a program Awareness large displays for long periods before the announcement a deletion of zeros in order to address all possibilities or effects that may result from the deletion of zeros and the officials who make statements without explanation tell them enough is enough Bjahh and you launch optimistic statements and clear the mercy of our economy which is recovering and hope to have benefited from the mistakes change the currency after the fall of the dictatorial regime.
[You must be registered and logged in to see this link.]
