Economist: Raising the zeros from the currency will save the economy from the dollar’s dominance
On: Wednesday 02/29/2012 10:55
Babylon (news) .. According to a professor of economics at the University of Babylon, Dr. Jawad al-Bakri that the draft raise zeros from the national currency involves a lot of pros on the reality of the Iraqi economy.
said Bakri (the Agency news) said on Wednesday: One of the pros stop control of the dollar on the Iraqi economy and reducing the circulation of funds and the stability of Iraqi dinar exchange rate in addition to reducing the rates of inflation in the medium term and reduce the cost of economic transactions.
He added that the process of lifting the zeros can not be done only by taking action to ensure implementation correctly through the control of financial corruption and stabilize the security situation in Iraq, pointing out that the financial authorities of the boot process before the accepted time and not a surprise that the Iraqi citizens. / End / 14. d.