Economist Opinion

l return to the country major interest
Iraqi currency in need of a political decision to save them

Before the period was announced near the implementation of the
decision of the deletion of three zeros from the Iraqi currency, and
that the project will be launched early next year and will [You must be registered and logged in to see this link.]
for two to three years. He then appeared other comments announces
lingered government to the implementation of this resolution and
postponed to another date. So is the project will remain a dead letter,
as described by the Deputy Director of the Central Bank of the
appearance of Mohammed Saleh?

And received the decision to delete the zeros from the Iraqi currency
a lot of opinions pro and con, there Economists believe that the
decision will lead to the collapse of the national currency and see some
last he would return to the country benefit the country It is
unfortunate patient in its implementation because it is a joint venture
between the government and the central bank.

As long as the government seeks to postponed due to security
concerns, it can not be implemented in this year or the following year,
according to deputy director of the Central Bank of timing is very
important in this case is also implemented, they
must coincide with the beginning of the fiscal year, so you will not
find space for implementation inevitably during this year ..

And regrets for the
postponement of the project because it is economic benefit to the
country as long as improve the efficiency of the currency and reduce the
impact of large numbers, then dealing with [You must be registered and logged in to see this link.]
needs into categories cash large and small, as will be dealt again
categories such as (50 dinars) and (100 dinars) and (200 dinars) in
addition to classes less than dinar (such as half a dinar) and (quarter
of a dinar) and (50 fils) and (25 fils).

which is [You must be registered and logged in to see this link.]
by financial and economic expert at the Central Bank Majid picture that
does not see the difficulty in implementing the decision because it
will help in the process of reducing trading volume large currency
transactions and would draw more accurate pricing policy in the future
as long as the will handle the thousands and millions, rather than
billions, as well as its role in the detection of fraud earlier because
the central bank will impose on banks use very modern techniques to
detect fraud.

He adds «also techniques that will be used in the printing of the new
currency will be difficult to penetrate, but if behind that organized
gangs or backed by the state because the [You must be registered and logged in to see this link.] minutes and styles to be established by the central bank will be very strict».

contrast warns economist Tawfiq inhibitor of the collapse of the national currency in the case of [You must be registered and logged in to see this link.] the decision to delete the zeros three of them, pointing to the need to prolong the period of [You must be registered and logged in to see this link.] and not withdrawn the [You must be registered and logged in to see this link.]
and launch new direct, but do it together so it would not cause harm to
the economy or any direct impact on the living conditions of the
citizens.

Meanwhile, sees inhibitor that process counterfeiting of currency is
another reason to collapse and therefore warns that happens, especially
if there are great bands and mafias currency capable of forging greater
currency in Iraq.

seen most citizens to decision deleting three zeros from the national
currency look apprehension after accustomed pockets to carry [You must be registered and logged in to see this link.] notes and large accustomed owners interests them to deal with hundreds of millions.

businessman believes
weighted in favor of deletion of zeros would hurt the level of share
trading in the Iraqi market for securities, because there shares will be
lost in case of deletion of zeros. And works weighted in stock
since 2005 and increased his passion for them when evolved using screens
electronic, but does not hide his fear of failure dealing with them,
especially as the stock’s foreign exchange reduced the lead to block the
signing of agreements with companies of foreign investment, which
believes that the change of currency will reduce profits.

of For his part, sees an assistant professor in the College of Business and Economics Adel Abdul Jalil said Iraq is ready now for the deletion of zeros from the dinar, because it needs to stabilize security, political and economic, and
that Iraq opinion does not need to replace the currency as it is needed
to control the oscillation happening in price dinar against the dollar.

And confirms Abdul Jalil said lifting of the zeroes will cost the
state budget large sums may open a door for financial corruption and
waste of public money as well as failure to address the problem of
inflation because the Iraqi market are imported for all goods and
services from abroad means draining large hard currency.

response to these concerns,
confirms Deputy Director Central Bank «the power of the Iraqi dinar,
which became like a hard currency thanks to the policy of the central
bank in control of the cash raised in the domestic market. He
pointed to the existence of a large cash reserve of hard currency is
kept to face the difficult circumstances that may occur in the country
gives the strength of the dinar against foreign currencies.

The central bank’s policy is
aimed, according to the benefit to the stability of the exchange rate
of the dinar against the U.S. dollar, likely equal to the price of the
Iraqi dinar against the U.S. dollar during the next two years after the
implementation of the project to delete three zeros from the Iraqi
currency.

According to Saleh, said that the Iraqi citizens need to educate in
the villages and towns and school students also and be the media role in
helping citizens to receive the project. emphasizes economic expert
Majid picture this view, explaining that the circulation of the new
currency would be gradual so as not exposed citizen to any defect or
blackmail from stakeholders until the withdrawal of the old currency in
full, on condition also do a big media campaign supervised by the
Central Bank and its related entities to educate citizens.

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All of that & all I really got out of it was 2 more yrs. Someone tell me I am wrong pleeeeze. lol

In September, Mohammed Saleh stated that the "delete the zeros" was delayed. He was thrown in jail in October 2012 and is no longer part of the CBI. In a translated video, Turki stated that the wealth of Iraq would back the "restructuring" of the currency. From the news, development plans are accelerating. With the pressure from protestors, they have to move forward or they will get the same treatment as Sadam.

protesters .. these are iranian thugs not protesters!