Economist demands that the deletion of zeros from the currency
Economist demands that the deletion of zeros from the currency to the lack of security and economic stability
Friday 15 February 2013
Follow-up – and babysit –
Asked an economist, on behalf of Jamil Antoine, not to delete the zeros from the currency is currently, and that the lack of security and economic stability in the country.
Said Antoine “The deletion of zeros from the currency is restructuring the currency, and to reduce accounts large digital burden treasurers, and mitigate the burden of accountants in the count transfer numbers,” adding that “the moment is appropriate to replace the currency, because of the lack of security stability and economic in the country. ”
The expert pointed out that the “political differences that get in the country have a clear impact on the deterioration of the country’s economy because of politics, economy are يتخلفان twins for some.”
Antoine felt that “upgrading the country’s economy, requires the presence of political decisions and political will, in addition to building economic strategy and clear the country involving professionals and economic efficiencies of Iraq.”
The Cabinet had asked last April 2012 to wait in the application process of deletion of zeros from the national currency until further notice.
The Central Bank of Iraq, and on the lips of bank adviser appearance of Mohammed Saleh, has confirmed to [where] the need for Iraq to process administrative reform of the currency cash, and that the project to delete the zeros is a step comes as part of the country’s need to process administrative reform of the currency, in order to reduce the cost of cash transactions in the economic process, in addition to the need to provide small denominations coins used in daily trading transactions.
Observers say the government really intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar, but economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the benefit expected from the lifting of zeros.