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Is it time to delete three zeros from the currency?

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rocky
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Is it time to delete three zeros from the currency?

Post by rocky on Tue 03 Apr 2018, 3:52 am

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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.






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ron-man
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Re: Is it time to delete three zeros from the currency?

Post by ron-man on Tue 03 Apr 2018, 8:09 am

Thanks gang.
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rocky
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Is it time to delete three zeros from the currency?

Post by rocky on Tue 03 Apr 2018, 8:13 am

Is it time to delete three zeros from the currency?
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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 al-Alaq, in a discussion session with the editors of a number of Iraqi media, including "Economy News", "The subject of deleting zeros from the currency is 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.
He added, the appearance of Mohammed Saleh, in an interview, "the economy News," that "the current environment suitable for this project because there is financial and political stability witnessed by the country, especially after the salvation of the organization (Dahesh)."
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.
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azareus
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Re: Is it time to delete three zeros from the currency?

Post by azareus on Tue 03 Apr 2018, 8:18 am

Elections, who would have thought. Well well. Maybe this year at least
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Proven
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Re: Is it time to delete three zeros from the currency?

Post by Proven on Tue 03 Apr 2018, 10:11 am

Thanks Rocky.


More good news!


Highlights added.  
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annieharbers
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Re: Is it time to delete three zeros from the currency?

Post by annieharbers on Tue 03 Apr 2018, 10:14 am

Thanks Rocky Proven       flower
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rocky
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Re: Is it time to delete three zeros from the currency?

Post by rocky on Tue 03 Apr 2018, 10:21 am

[You must be registered and logged in to see this link.] wrote:Thanks Rocky.


More good news!


Highlights added.  



good job Proven,Thanks
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zimi31
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Re: Is it time to delete three zeros from the currency?

Post by zimi31 on Tue 03 Apr 2018, 10:52 am

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Thanks Rocky.


More good news!


Highlights added.  



good job Proven,Thanks




Thank you both...looking good!!!
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mochasmom
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Re: Is it time to delete three zeros from the currency?

Post by mochasmom on Tue 03 Apr 2018, 10:59 am

It will never be ideal in the middle east, move on!
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Lobo
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Re: Is it time to delete three zeros from the currency?

Post by Lobo on Tue 03 Apr 2018, 11:24 am

It's a prediction, not fact, just like early this morning an article said the budget would be posted in one to two days and later today the budget was posted.  I am praying sooner rather than later.  Thanks Rocky for all the posts.
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Diamond
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Re: Is it time to delete three zeros from the currency?

Post by Diamond on Tue 03 Apr 2018, 3:19 pm

[You must be registered and logged in to see this link.] wrote:It's a prediction, not fact, just like early this morning an article said the budget would be posted in one to two days and later today the budget was posted.  I am praying sooner rather than later.  Thanks Rocky for all the posts.
the article2 or 3 days was back last week sayin that, an this pass wknd said they would publish on sunday an the next says maonday, an here it is published on Tuesday,just the facts mam just the facts  lol! lol!

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