Seminar to the accounting department at the Technical Institute role

Seminar to the accounting department at the Technical Institute role



Friday / 03/14/2014




Held at the Rehab Hall Seminar of the Department of Accounting at the Technical Institute role seminar entitled (restructuring of the Iraqi currency through the deletion of zeros) delivered by Assistant Professor Dr. originated Majid Hassan Dean of the Institute and the presence of a large crowd of teachers and employees of the Institute and a group of guests. Where confirmed in the gallery asked that the issue of restructuring Iraqi national currency and reform the management of currency and the deletion of zeros from the currency is one of the important issues required by the stage for optimism in Iraq's future development To enter into a state of stability and curb inflation former Where the index of consumer prices For the period 1990-2007 to 400,000% and the negative impact on the overall economic situation and that Among them was Seen block cash tremendous many zeros of little value and not fit with the developments hoped to achieve in the present and future of the Iraqi economy, Rotation bloc cash exporting more than 37 trillion dinars, with no fit denominations current with developments in economic activity where the highest class of Iraqi currency It is 25 000 dinars is not equal to an average of only $ 21, as well as Matafrdah this enormous mass of cash from many difficulties, including the difficulty of expressing monetary value, in addition to showing the price numbers long difficult even on the counters read Ocefarha, and imposed the cost of trading cash any associated with the operation of Storage promised, sort and places the preservation and protection, which may amount to about 8% of GDP, is one of the things that must be re-considered in earnest, has been referred to the views of opponents of the idea to delete the zeros and represented overall in the need to provide a positive atmosphere for political, security, and the fear of mafias currency to take advantage of the initiative in the fraud and money laundering and wide , And the state of (monetary illusion) caused by anxiety and lack of knowledge of the distinction between the cash value and the real value of the currency is usually associated with any change in the currency, and concluded the seminar to answer questions from attendees and inquiries.
Posted By: Management Site | Date: 03/09/2014

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