Decision to reset the currency .. Not in the early

Decision to reset the currency .. Not in the early

Esmat Namik Sharif

Monday 23/09/2013

When you delete three zeros from the Iraqi currency nor the private sector is committed to this shift in the value of the currency and continue to deal in the same contexts adopted prior to the deletion of zeros , and the question what are the measures to be taken by official bodies at solutions to this disaster ? For example:

Suppose that the price of a loaf of bread is 100 dinars, and after deleting 3 zeros from the currency supposed to be sold for a loaf of bread in the amount of 10 dinars ! ! The private sector will continue to sell a loaf of bread at 100 dinars because we are a free market it depends Is there law or Ajaddar of stop this terrible catastrophe , you can be issued Quotation ? ! Another example :: leased residential house now half a million dinars a month and after deleting three zeros from the currency was supposed to become a rent 5,000 dinars per month ! ! Is that the private sector will agree on this pricing ! As pricing will go past half a million dinars, and the employee 's salary will become after the deletion of zeros 500 dinars after the value of his salary was already half a million dinars Is it possible to pass rent allowances ? ! Another example is the price of food , fruits and vegetables , meat and other Let us assume that the price of material 1000 dinars before deleting the zeros then becomes the price after the deletion of zeros to one dinar only does the private sector agrees that pricing ? Is it possible to issue the pricing of food , fruits and vegetables ? !

Of course the answer is both , then both the citizens to bear this disaster alone but Brothers wealthy do not care .. That has been deleted 3 zeroes or 6 zeros he has the foreign and national currencies ! !

This is one of the most serious causes that require postponement of currency delete 3 zeros from the national currency , at least at the present time either other reasons to postpone deleting three zeros from the currency is what it received from the ideas and opinions of economists and money which was published in all the media need to postpone or wait to issue the decision to delete the zeros for 10 years , at least until the availability of appropriate conditions for the application of this remarkable economic decision and it is very important , but not far experts have cited these purely scientific reasons to postpone this decision ..

Yes, that any economic decision , whether big or small needs to provide favorable conditions for its success and in the absence of these conditions , the application is considered an economic and social disaster that can not be controlled as that problems will occur between individuals due to debt repayment and financial obligations among themselves.

And we have another example of sad is when you solve the disaster on the citizen , or a certain segment of them , such as retired since 5 years and retired screaming the loudest voices to give them their rights and died , many of them extreme sadness did not pay any attention to them, one yes and mortality of sadness means that retirees are living a real disaster and no one asks them how So will be the case when the private sector refuses to be bound material prices after the deletion of zeros ! ! ! Yes, we need a comprehensive conference to approve the deletion of zeros study is not an administrative decision of only one hand and for that matter the entire Iraqi people .

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Thanks Rocky.  Great article.  

Yes, that any economic decision , whether big or small needs to provide favorable conditions for its success and in the absence of these conditions , the application is considered an economic and social disaster that can not be controlled as that problems will occur between individuals due to debt repayment and financial obligations among themselves.

Yes !!! IMHO once the 3 tax laws are in place they will be structionally sound and will be the dinar up to international standards , tariff laws is done and the economic law is In its final stages along with the investiment law $$$$

These guys been studying this for ten years and still do not get but it don't take a rocket scientist to figure it out but if you have a loaf of bread at 25000 dinar what ever the value is today should be the same when they drop the zeros then they go in to adjust the prices according to the wealth of there currency because most vendors brought there supplies at the rate of today.They been sticking it to there people so long it is habit forming

You would think after studying this for 10 years they should have it figured out by now!

Mheat and Proven, pretty simple isn't it. Most peeps Proven ddoesn't know that the goods are priced in dollars too. What think will happen when the citizens see it takes kore dollars than dinars to buy those goods....;)