Home
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
2018/04/03 11:16
(Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) -
Economy News Baghdad:
The central bank submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deteriorating security and political situation in the country.
The governor of the Central Bank, Ali Alallak, in a discussion session with the editors of a number of Iraqi media, including "Economy News", "The subject of deleting the zeros from the currency ready, but it needs an environment suitable to apply," noting that " To prevent manipulation and fraud by the owners of weak souls. "
The central government stands with the central bank's draft to delete three zeros of the currency, because it sees it "hurt the efficiency of the system of cash payments," according to the financial adviser to the prime minister.
"The current environment is suitable for this project because there is financial and political stability in the country, especially after the liberation of the (Daash) organization," he said.
He stressed the need not to rely on the project to support the Iraqi dinar, but "focus on the creation of all conditions that would support the Iraqi dinar and represented by political and economic stability," pointing out that "the central bank has accumulated experience in dealing with the subject."
The economist said, in the name of Jamil Anton, for "Economy News", "The current environment is not suitable for the project to delete the zeros at the moment, because the security situation has not settled so far in the ideal form."
He pointed out that "the project needs educational campaigns to be accepted by citizens and does not affect the movement of the market," noting that "the project has the benefits of reducing the amount of money used in deposits, which helps accountants not to fall in error in dealing with zeros in large amounts, As well as reduce the number of trustees funds and protect money from theft. "
Antoine predicted that the project would be implemented after the legislative elections scheduled for next May.
Note: The content entitled (Is it time to delete three zeroes from the currency?) Was published first on the site (economy news) and does not bear the encyclopedia of this day news content in any way.
You can see the details of this address (is it time to delete three zeros from the currency?) Through the original source of any site (economy News).
[You must be registered and logged in to see this link.]
Economy News Baghdad:
The central bank submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deteriorating security and political situation in the country.
The governor of the Central Bank, Ali Alallak, in a discussion session with the editors of a number of Iraqi media, including "Economy News", "The subject of deleting the zeros from the currency ready, but it needs an environment suitable to apply," noting that " To prevent manipulation and fraud by the owners of weak souls. "
The central government stands with the central bank's draft to delete three zeros of the currency, because it sees it "hurt the efficiency of the system of cash payments," according to the financial adviser to the prime minister.
"The current environment is suitable for this project because there is financial and political stability in the country, especially after the liberation of the (Daash) organization," he said.
He stressed the need not to rely on the project to support the Iraqi dinar, but "focus on the creation of all conditions that would support the Iraqi dinar and represented by political and economic stability," pointing out that "the central bank has accumulated experience in dealing with the subject."
The economist said, in the name of Jamil Anton, for "Economy News", "The current environment is not suitable for the project to delete the zeros at the moment, because the security situation has not settled so far in the ideal form."
He pointed out that "the project needs educational campaigns to be accepted by citizens and does not affect the movement of the market," noting that "the project has the benefits of reducing the amount of money used in deposits, which helps accountants not to fall in error in dealing with zeros in large amounts, As well as reduce the number of trustees funds and protect money from theft. "
Antoine predicted that the project would be implemented after the legislative elections scheduled for next May.
Note: The content entitled (Is it time to delete three zeroes from the currency?) Was published first on the site (economy news) and does not bear the encyclopedia of this day news content in any way.
You can see the details of this address (is it time to delete three zeros from the currency?) Through the original source of any site (economy News).
[You must be registered and logged in to see this link.]
» Parliamentary Finance: Amending the Federal Budget Opens the Way to Change Ineffective Paragraphs
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
» utube 11/27/24 MM&C The National Union explains the reasons for not legislating the oil and gas
» Mr. Al-Hakim: Oil dependence is an economic problem for Iraq, and decentralization is a guarantee of
» Al-Ziyadi: Amending the Investment Law and the Central Bank’s Interaction Guarantee the Success of t
» Iraq signs Mecca agreement to enhance cooperation in combating corruption and recovering its proceed
» Rights Center: 2024 Census Will Not Change Number of House of Representatives Seats.. Explains Why
» Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Ku
» Will Iraq take the adventure of joining BRICS despite American risks?
» MP: Former Oil Minister Blackmailed Main Suspect in Stealing the Century
» Negative impact on the legislation of laws.. Popular movement criticizes the weak performance of the
» Al-Maliki Coalition: Most blocs support amending the electoral law
» The National Union explains the reasons for not legislating the oil and gas law
» Iraq signs two memoranda of understanding with the Arab Tourism Organization
» Parliamentary Committee: Granting investment licenses reduces housing unit prices
» Parliamentary Finance: Amending the budget law will allow for changing useless paragraphs and items
» MP reveals latest developments in Personal Status Law
» Salary scale pushes towards hosting Al-Sudani inside the parliament dome
» Intensive meetings with British BP to develop Kirkuk fields
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Parliamentary Energy: Iraq continues its efforts to diversify gas supply sources
» What is Iraq's connection? Goldman Sachs: OPEC+ cuts may support oil in the short term
» New understandings between Baghdad and Erbil to export oil via Turkish Ceyhan
» Minister of Communications: We will deal with the global parent company Vodafone, not its branch in
» "Pessimism" about Trump's arrival to the US presidency.. Will it affect the Iraqi economy?
» Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's
» Parliamentary criticism follows granting Vodafone the national mobile phone license
» Oil Markets: OPEC+ Plans to Increase Production, Trump's Promises Spark Controversy
» Natural barriers to stop desertification in the country
» Parliament Legality to Al-Sabah: Extending the Legislative Session Aims to Pass Important Laws
» The Council of Ministers takes 19 important decisions
» Al-Sudani: We succeeded in sparing Iraq the consequences of conflicts
» 20 schools with international standards in Babylon
» Transport to {Sabah}: One million passengers on board the Green Bird in 4 months
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
» Food Basket: Improved Quality, Delayed Distribution
» Parliament extends its term and ends reading of three laws
» Great government achievements.. Model school buildings project
» Parliamentary meeting to discuss four important oil files
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
» Al-Sudani leaves Baghdad for Spain on an official visit
» Economist: Non-oil revenues to achieve significant growth in 2024
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
» Iraqi Exhibitions Announce New Exhibitions Next Month
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
» Despite setting the first session... the talks to form the regional government are at a standstill a
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
» Iraqi oil falls again on third day of trading
» Economist: Iraq has a reliable database and the census does not create development but rather facili
» Decisive moves to propose salary scale amendment under the parliament dome
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
» The Presidency of the Region announces: The new parliament will hold its first session on the second
» America: Factions in Iraq expose the country to the risk of instability
» Planning reveals the next step of the census: We will visit these families
» Health: Opening of three new factories to produce various medicines
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
» The House of Representatives completes the first reading of the draft law amending the first three-y
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
» Indian Oil Corporation maintains deal to import Iraqi oil
» Iraq's oil exports exceed 103 million barrels last month
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
» Find out the dollar prices in the Iraqi markets
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
» Parliamentary Finance Committee discusses amending the three-year budget
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
» Increase in foreign remittance sales at the Central Bank of Iraq auction
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
» Kurdistan Finance delivers employees' salary schedule to the federal government
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
» Settling tax trust claims
» Launching the National School Health Strategy
» Approval to implement service projects in Babylon
» New container handling berths at ports
» Work: Demand for registration in social security
» Reconstruction: Land Bank to be completed next year
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
» Focus on the banking sector
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
» Economists: Census is a roadmap for development
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
» thirty-sixth session, chaired by the Minister of Planning
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
» The demographic boom in Iraq: an economic opportunity or a social burden?
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba