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Karbala: the views of the feasibility of deleting zeros from Iraqi banknotes
Iraqi banknotes
30.07.2011
Mustafa Abdel Wahed
Reduced the Dean of the Faculty of Management and Economics at the University of Karbala, Dr. Alaa Farhan importance of deleting three zeros from the currency notes of Iraq for the Iraqi economy. He hilarious that the deletion of zeros does not revive the purchasing power of the currency as it goes some of those interested in the economic sphere, adding, "The impact on the economy is very limited , "explaining that" the currency's strength lies in the ability of the country's productivity and the extent of its dependence on its wealth of Interior and its products to meet and provide the needs of its citizens. " and recommended Farhan in an interview with Radio Free Iraq, the need to adopt international standards in relation to print banknotes, stressing the importance of selecting high-quality paper , as well as standardization of sizes. and are good for printing new banknotes after deletion of zeros from controversy and widespread in economic circles, as he went some who support the move to emphasize that the deletion of zeros from the currency paper will contribute to support the purchasing power of the national currency, but a professor of economics University of Karbala, Dr. Abbas Daami seemed less optimistic in this regard, stressing that the purchasing power of any currency increases thanks to building a strong economy. In spite of that paper currency traded printed abroad, but it is not a desired quality, so he recommended Dean of the College of Management and Economics Dr. Alaa Farhan need to give the Central Bank of Iraq more attention to the quality of the new banknotes to be able to resist the different trading conditions. It is said that Iraq's currency paper twice during the past two decades, it was canceled dealing in cash known as the "edition of the Swiss" in the early nineties of last century and proceeded to print the paper currency locally, and then canceled the latter after the change in 2003.
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Karbala: the views of the feasibility of deleting zeros from Iraqi banknotes
Iraqi banknotes
30.07.2011
Mustafa Abdel Wahed
Reduced the Dean of the Faculty of Management and Economics at the University of Karbala, Dr. Alaa Farhan importance of deleting three zeros from the currency notes of Iraq for the Iraqi economy. He hilarious that the deletion of zeros does not revive the purchasing power of the currency as it goes some of those interested in the economic sphere, adding, "The impact on the economy is very limited , "explaining that" the currency's strength lies in the ability of the country's productivity and the extent of its dependence on its wealth of Interior and its products to meet and provide the needs of its citizens. " and recommended Farhan in an interview with Radio Free Iraq, the need to adopt international standards in relation to print banknotes, stressing the importance of selecting high-quality paper , as well as standardization of sizes. and are good for printing new banknotes after deletion of zeros from controversy and widespread in economic circles, as he went some who support the move to emphasize that the deletion of zeros from the currency paper will contribute to support the purchasing power of the national currency, but a professor of economics University of Karbala, Dr. Abbas Daami seemed less optimistic in this regard, stressing that the purchasing power of any currency increases thanks to building a strong economy. In spite of that paper currency traded printed abroad, but it is not a desired quality, so he recommended Dean of the College of Management and Economics Dr. Alaa Farhan need to give the Central Bank of Iraq more attention to the quality of the new banknotes to be able to resist the different trading conditions. It is said that Iraq's currency paper twice during the past two decades, it was canceled dealing in cash known as the "edition of the Swiss" in the early nineties of last century and proceeded to print the paper currency locally, and then canceled the latter after the change in 2003.
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