Deletion of zeros from the currency will strengthen security and absorbs high inflation
A member of the Economic Committee: deletion of zeros from the currency will strengthen security and absorbs high inflation
Date: 06/10/2012 10:29:54 Saturday
Baghdad (news) .. Noted member of the Economic Commission MP / National Alliance / Abdul Hussein Abtan, need the Iraqi market to project deletion of zeros from the currency in early 2013 to save the country from high inflation.
said Abtan (of the Agency news) on Saturday: The local market desperately needs to delete zeros from the currency, which works to raise inflation rates and increasing the money supply if left zeros in 2014, stressing: that the postponement of the project would damage the national economy. added: it is necessary to move from currency zeros that increase mass financial and makes them an easy way to steal and loss to currency more sophisticated, He pointed out that the project to delete the zeros is a message to the civilized world that Iraq’s economy improves. continued Abtan: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less mass cash in commercial trading. said: that inflation is on the increase, due to an increase in the money supply for the scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of goods to Iraq. / end / 21. d. Q /
Source: ikhnews
