Economist: printed currencies of 50 and 100 thousand dinars better than thedeletion of zeros Economy

by **Rocky** Thu 30 Jan 2014, 3:56 am

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Economist: printed currencies of 50 and 100 thousand dinars better than thedeletion of zeros Economy

by Rocky Thu 30 Jan 2014, 3:56 am

Economist: printed currencies of 50 and 100 thousand dinars better than thedeletion of zeros Economy

01/27/2014 - Lubna al-Rubaie

He said economic expert Majid picture that the deletion of zeros from the Iraqi currency will not increase the value of the Iraqi dinar, but will contribute to the restructuring of the Iraqi currency by reducing the circulation of paper currency and reduce its costs in Iraq.
He explained the picture: "There is a trend other than the deletion of zeros, a trend towards reducing the cost of trading through the issuance of currency from the category of fifty and another class hundred thousand dinars, and these practical steps and more useful than the deletion of zeros, but has not yet taken so far."
In the opinion of politicians Iraqis to postpone the deletion of zeros is due to the difficulty of controlling the currency and take individual decisions, while noting that there are nearly 35 trillion dinars in circulation in the market, stressing the importance of the project to delete the zeros for the Iraqi institutions and citizens, as well as some economists believe that the Iraq is not formatted for the time being to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to stabilize the security and political as well as economic stability.
What was seen as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, to raise zeros from the currency is the biggest corruption in Iraq if it was during this period, and falls under the name of tampering with the economic, warning of "mafias currency", which is preparing to rig the trillions of Iraqi dinars to replace them in the light of changes anticipated.

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