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Economist warns of lifting the zeros from the currency in the current circumstances
03/05/2014 12:04
Economist warns of lifting the zeros from the currency in the current circumstances
BAGHDAD / Source News / economic expert warned .. Rashid al-Hilali, Saturday, lifting the zeros from the Iraqi currency under the current circumstances.
He told al-Hilali / Source News / "The lifting of the zeroes from the currency in light of political and economic confusion will lead to various problems, including rising prices and a state of panic among the public."
"The change of zeros or currency needs to political and economic stability, because such a step would be a sensitive and could lead to problems we riches them," explaining that "clarifications central bank recently about the need to stabilize the country in the case of lifting the zeros from the currency is very precise."
Hilali and called to "ensure compliance with the Central Bank and the proposals in this aspect because it is built on the basis of scientific, financial, and not to be dragged behind the politicians who are demanding the lifting of the hard currency of the currency for the purposes and objectives of serving Massalhm."
The governor of the central bank and agency Abdel Basset Turki had said yesterday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard.
Turki said that "the central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country '.
He added that "the implementation of such a project needs to arrange all the accounts and records of the state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market where the manipulation of traders'.
Referred to as the central bank denied the earlier direct the project restructuring of the Iraqi currency next year and delete the zeros of the three of them, because the moment is appropriate. 'Finished / 19 GS
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03/05/2014 12:04
Economist warns of lifting the zeros from the currency in the current circumstances
BAGHDAD / Source News / economic expert warned .. Rashid al-Hilali, Saturday, lifting the zeros from the Iraqi currency under the current circumstances.
He told al-Hilali / Source News / "The lifting of the zeroes from the currency in light of political and economic confusion will lead to various problems, including rising prices and a state of panic among the public."
"The change of zeros or currency needs to political and economic stability, because such a step would be a sensitive and could lead to problems we riches them," explaining that "clarifications central bank recently about the need to stabilize the country in the case of lifting the zeros from the currency is very precise."
Hilali and called to "ensure compliance with the Central Bank and the proposals in this aspect because it is built on the basis of scientific, financial, and not to be dragged behind the politicians who are demanding the lifting of the hard currency of the currency for the purposes and objectives of serving Massalhm."
The governor of the central bank and agency Abdel Basset Turki had said yesterday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard.
Turki said that "the central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country '.
He added that "the implementation of such a project needs to arrange all the accounts and records of the state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market where the manipulation of traders'.
Referred to as the central bank denied the earlier direct the project restructuring of the Iraqi currency next year and delete the zeros of the three of them, because the moment is appropriate. 'Finished / 19 GS
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