Economist: the issuance of a new class of the coin is not to improve the situation directly
By Roudao 11 hours ago
Roudao - Erbil
Saw economist, Jamil Antoine, that the new currency issue or deletion of zeros from the Iraqi currency, the restructuring process and not to improve the situation directly.
The Central Bank of Iraq, decided after the federal government is required to wait in the implementation of the project to delete the zeros and get rid of the money supply flabby Iraqi currency through printed Banknotes category 50 000 dinars, also advised specialists in the matter of economic government to implement the project to delete the zeros, instead of issuing large categories of currency because it will lead to increased inflation.
Antoine said that the idea of issuing a new currency of a particular class, is for the purpose of minimizing market trading, and the use of large pieces and small pieces instead, noting that the issuance of the currency of a large categories of banks and reduces its trustees problems in counting the money.
He added that the proposed percent of thousand Iraqi dinars, the currency can not replace the dollar percent, because it can not be resolved currency other currency instead of its twin and there was no one can replace the other, but instead can be solved a lot of problems with the market.