Proposal to raise zeros from the Iraqi dinar
A. M. D. Jawad Kadhim al-Bakri
Usually ماتقوم financial authorities of b (Ministry of Finance) using the (fiscal policy) in order to maintain the general level of prices, in addition to the exploitation of all productive resources available in the local economy to reach the state of full employment, as well as support the process of economic development, and this is done through the use of power Financial instruments of fiscal policy (government spending, and taxes).
And using financial power of these tools to address the problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary, and the gap deflationary), who might be exposed to the local economy, in addition to their use in a target to raise the level of growth in the country. Thus, the monetary authority has no right to influence display Cash and demand for it as they are the powers of the monetary authority of the Central Bank. tells us economic history of the modern that many of the countries of the world (which went through wars large Kaharben Wars I and II or the collapse of their totalitarian as countries of the socialist camp last) has proceeded to one of two actions, either you change currency national or remove a group zeroes them to return to the square to economic stability. At the Iraqi experiment and after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the Iraqi currency currency new but equal in value, which did not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies.
This resulted in the situation to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar. If what has been lifting (three zeros) from the Iraqi dinar, it will lead to higher value to the (1000) once calculated value Almertbah number of zeros that have been filed, that packet cigarettes that were sold for (1000) dinars possible purchase after the lifting of the zeroes dinar and one, one thousand dinars modern can be obtained by a thousand pack cigarettes. Theoretically and when lifting (three zeros from the Iraqi dinar), the strength purchasing power will rise against the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) only and so the goods imported from abroad, worth before the lifting of the zeroes (1200000) Iraqi dinars, equivalent to 1000 U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars, too, and this will to Aajelb any little negative impact on the Iraqi citizen in theory.?
Positives raise zeros from the Iraqi dinar:
The process of lifting the three zeros from the Iraqi dinar thoughtfully and in accordance with the tight monetary policy will lead to the following pros:
1. Raise the purchasing power of the Iraqi dinar.
2. Raise the exchange rate of the Iraqi dinar against other currencies.
3. Increase the confidence of foreign investors to the Iraqi economy.
4. Increase the confidence of Iraqi citizen بعملته the national that has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar ... etc..