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Economist calls not to delete zeros from the currency for the lack of security and economic stabilit

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Hkp1
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Economist calls not to delete zeros from the currency for the lack of security and economic stabilit

Post by Hkp1 on Fri 15 Feb 2013, 1:24 am

Economist calls not to delete zeros from the currency for the lack of security and economic stability


Friday, 15 February 2013 09: 17


[Baghdad]

Economist,
called Bassem Jamil Antoine, not delete zeros from the current
currency, because there is no security and economic stability in the
country.

Antoine said each agency in Iraq, that "delete zeros
from currency a currency, restructuring and reduce large digital
calculations for cashiers, accountants count of transfer numbers," he
said, adding that "the current time is not suitable for Exchange,
because there is no security and economic stability in the country."

The
expert explained that "political differences in the country have a
clear impact on the deterioration of the country's economy because
politics and economy lagging far some twins."

Antoine believed
that upgrading the country's economy, requires political decisions and
political will, as well as building a well-defined economic strategy of
the country, involving professionals and economic efficiencies.

The Cabinet has asked April 2012 wait in the application deleting zeros from the local currency to further notice.

The
Iraqi Central Bank, the Bank Adviser Mohammad Saleh appearance, has
confirmed to IGN need Iraq to an administrative reform of the currency,
and the deletion of zeros is the step comes within the country's
administrative reform process, in order to reduce the cost of cash
transactions in the economic process, in addition to the need to provide
small groups cash coins used in daily transactions.

Officials at
the Central Bank, in addition to some politicians and economists urged
the Government to delete the zeros from the currency and issued new
currency large cash categories, in addition to having small coins.

Observers
say that the Government intended to delete zeros from the currency as a
step towards improving the purchasing power of the Iraqi dinar, but
economists underestimated the importance of this step, saying that the
cost of raising the zeros will be greater than the benefit of raising
zeros. ended up 2.


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Screwball
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Re: Economist calls not to delete zeros from the currency for the lack of security and economic stabilit

Post by Screwball on Fri 15 Feb 2013, 2:19 am

and thats why they will do it! oh my???

Neno
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Re: Economist calls not to delete zeros from the currency for the lack of security and economic stabilit

Post by Neno on Fri 15 Feb 2013, 8:50 am

LOL, maybe the old CBI peeps but nothing of the new has ever been reported since. Its all talk by those wanting to cause what ever for what ever reasons... ;)

Officials at
the Central Bank
, in addition to some politicians and economists urged
the Government to delete the zeros from the currency and issued new
currency large cash categories, in addition to having small coins.

ron-man
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Re: Economist calls not to delete zeros from the currency for the lack of security and economic stabilit

Post by ron-man on Fri 15 Feb 2013, 10:00 am

Some more good stuff,thanks.

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Re: Economist calls not to delete zeros from the currency for the lack of security and economic stabilit

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