The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi *
Posted on 29 مايو 2015 by space Uruk
[You must be registered and logged in to see this image.]
Fahd Antar Dokhi
Was Alojdrb (Bremer) head of the Iraqi destruction authority when it canceled the Iraqi currency of the former regime the end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy, the traditional inflation stages exceeded even arrived to the brink of collapse, and this procedure is one of the means at hand to address the weakness of the value of the Iraqi dinar, according to the monetary and banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency, it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:
1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of monetary value against other currencies ..
2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.
3. reduces the cost of printing Tabaha.az that JD (25) which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently easier and quality will be high ..
4. strengthen the fabric and improved through the addition of the elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay.
5. reduce the cost of storage in banks, because we need to Qasat less and less effort and also the lower the number of employees by the more control and insurance prohibitively high.
6. easily transported over long distances and easily provide a high proportion of them safely.
7.. Strong cash currency contribute to strengthening the elements of the national economy.
8. provides speed and accuracy in trading in settling accounts.
9. gives the workers, giving them greater self-confidence.
10. is the risk of error in the calculation of its simplicity and clarity.
11. This will rebuild global confidence by banks and increases traded.
12. also provides cash to expand its value against the US dollar, the euro and the EU.
13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term million to replace the thousand, and can develop a mechanism to withdraw the old currency by subtracting the new currency with them and set a time ceiling to suspend trading Balkadimh record for a period of Omayorasth months, in light of that holds the government banks did not place them again in the Dealing even decay within the period specified ..
* Fahd Antar Dokhi member Iraqi Economists Association
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Posted on 29 مايو 2015 by space Uruk
[You must be registered and logged in to see this image.]
Fahd Antar Dokhi
Was Alojdrb (Bremer) head of the Iraqi destruction authority when it canceled the Iraqi currency of the former regime the end of 2003 to find a coin which reduces the presence of zeros, the fact that the Iraqi economy, the traditional inflation stages exceeded even arrived to the brink of collapse, and this procedure is one of the means at hand to address the weakness of the value of the Iraqi dinar, according to the monetary and banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency, it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:
1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of monetary value against other currencies ..
2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.
3. reduces the cost of printing Tabaha.az that JD (25) which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently easier and quality will be high ..
4. strengthen the fabric and improved through the addition of the elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay.
5. reduce the cost of storage in banks, because we need to Qasat less and less effort and also the lower the number of employees by the more control and insurance prohibitively high.
6. easily transported over long distances and easily provide a high proportion of them safely.
7.. Strong cash currency contribute to strengthening the elements of the national economy.
8. provides speed and accuracy in trading in settling accounts.
9. gives the workers, giving them greater self-confidence.
10. is the risk of error in the calculation of its simplicity and clarity.
11. This will rebuild global confidence by banks and increases traded.
12. also provides cash to expand its value against the US dollar, the euro and the EU.
13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even scrapped term million to replace the thousand, and can develop a mechanism to withdraw the old currency by subtracting the new currency with them and set a time ceiling to suspend trading Balkadimh record for a period of Omayorasth months, in light of that holds the government banks did not place them again in the Dealing even decay within the period specified ..
* Fahd Antar Dokhi member Iraqi Economists Association
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
» The Council of Ministers comes out with a package of decisions
» Despite integrity efforts...a parliamentary committee reveals the reasons for continuing corruption
» MP Thaer Al-Jubouri confirmed, on Thursday, that agricultural investment increased by 10% during the
» Complete decisions of the Council of Ministers session
» She confirmed the continuation of negotiations with the European Aviation Agency to obtain TCO certi
» Head of the Kurdistan Regional Government Representation Visits the Host of the Bani Hassan Emirate
» The government's silence on the foreign presence is an open trade in the country's security
» Iraqi Finance Ministry distances itself from salary delays: “Long” Eid holiday delayed funding
» Foreign army.. Controls in Amadiyah and military convoys penetrate the Kurdistan region
» Maysan Oil produces the first shipment of “liquid gas”
» Judicial directive regarding leaking and selling ministerial questions
» Integrity overthrows an employee at the Zurbatieh port customs center
» Al-Muthanna: Financial corruption detected in the General Company for the Implementation of Transpor
» Health announces a plan to establish 16 new hospitals
» Minister of Justice announces the imminent granting of electronic bonds to citizens in real estate d
» What is the truth about the mass resignations of advisors in the Presidency of the Republic?
» The President of the Republic ratifies the law to combat homosexuality
» The government activates the memorandums of understanding signed between Iraq and Turkey
» Government measures to deter generator owners.. What does the Supreme Judicial Council have to do wi
» Interior Ministry reveals details about border cameras: 90% coverage
» Abdul Wahid: Construction and Housing is the most corrupt ministry and its minister is a friend of t
» Voting begins in the Iranian presidential elections... and 14 centers in Iraq open their doors
» Ankara on its security operation in northern Iraq: We are working to develop control in the region
» “A non-deterrent punishment and the spread of hundreds of fake companies.” Fraud enters travel and t
» 2023.. The happiest year for Iraqis in the past decade
» The Iranian community votes in Iraq (photos)
» “National Bank violations” place the governor of the Central Bank before parliamentary accountabilit
» President approves laws including budget schedules, combating prostitution and homosexuality
» MM&C Central Bank: Cancellation of Paragraph (5/d) of the instructions and standards for circulation
» utube 6/26/24 MM&C IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-
» utube 6/25/24 MM&C Iraq Dinar - Iraq to Rejoin WTO - Cetral Bank Pressing Banks & Money Exhangers
» Judge Haider Hanoun: Imam Ali was the first to lay the foundations for the fight against corruption
» A Sunni agreement with the framework forces to elect Al-Halbousi's replacement
» Al-Atwani calls for reforming the tax system in Iraq
» Parliamentary Finance discusses strengthening financial management with the German Agency for Intern
» The Financial Supervision Bureau to Nina: A systematic plan to complete the state’s final accounts..
» The Minister of Transport and his Jordanian counterpart chair the general assembly meeting of the Ir
» The judiciary directs severe legal measures against those who leaked ministerial questions
» The file of tax deposits and compensation for victims of terrorism.. Slow procedures hinder retribut
» Arak Business: Türkiye is exploiting the Iraqi pipeline to export its oil
» Al-Muthanna Investment: The governorate is witnessing a qualitative boom in the size of projects
» Legal: Amending the constitution depends on political consensus
» Parliamentary Security: Sabotage operations in the electrical system during 2024 will be the lowest
» The popular movement explains the purpose of extending the Aqaba pipeline
» A Ukrainian company directly develops the Okaz gas field
» The Council of Ministers holds a make-up session for Eid
» The Central Bank of Iraq sells $275 million at auction today
» American monitoring reveals a Turkish military incursion into the Kurdistan Region and identifies it
» Iraq's oil exports exceeded 100 million barrels in May
» Allawi: Iraq is living in an undeclared civil war, and we must correct it before we lose it
» Is Iraq among them?.. Kuwait’s most prominent challenges towards the “Belt and Road” project
» The President of the Republic stresses the necessity of protecting water bodies, including lakes and
» Parliament moves to amend the Medical Graduation Law and directs a request to the government regardi
» A new decline in the dollar against the Iraqi dinar in Baghdad
» Qatar joins Iraq and Saudi Arabia in sending crude supplies to the UAE
» Directly rehabilitating 62 localities in Baghdad
» https://alsabaah.iq/98640-.htmlAl-Sudani: Iraq is a safe and attractive environment for capital
» Hundreds of low-voltage transformers installed in Baghdad
» Haider Makiya: Iraq is an “important destination” and we are witnessing an improvement in the invest
» Parliament: The cosmetic market is thriving and the government stops “intruders”
» 3000 projects compete to win the {national competition}
» Sulaymaniyah hosts the “Made in Iraq” exhibition
» Anbar opens a line to produce organic fertilizers using solar energy
» Transport is intensifying its efforts to lift the European ban on the green bird
» Parliament: Amending the investment law will reflect positively on the future
» No meters or pricing...Governmental decisions are “broken” on the rock of generator owners
» The Minister of Labor calls for intensifying inspection tours of work sites to follow up on safety p
» Parliamentary law challenges the “2024 budget tables” and the federal government is waiting for an a
» A foreign army... takes control in Amadiyah and military convoys penetrate the Kurdistan region
» The new “Arab-Kurdish” disintegration... Alekti reveals the common denominator between the “anti-Kur
» The Commission extends the registration period for candidates for the Kurdistan Parliament elections
» Diyala Council is “stuck in a black legal hole”... It cannot be held or dissolved - urgent
» He discussed with the American Ambassador the end of the mission of the international coalition... T
» He discussed with the American Ambassador the end of the mission of the international coalition... T
» Civil Defense puts the blame on the citizen for the high rates of fires, and an economist shows: Res
» Planning publishes experimental population census data
» Al-Sudani confirms the progress of completing the automation system for customs
» Al-Sudani chairs the 8th meeting of the Reconstruction and Investment Committee
» Transportation: Postponing the opening of Baghdad Airport to citizens
» Telecommunications signs a contract for the submarine cable project with Saudi Arabia
» A positive signal from the European Union regarding international investment in Iraq
» Al-Sudani renews his support for holding Kurdistan parliament elections
» UNAMI welcomes setting a date for Kurdistan elections
» A parliamentary directive to amend the medical progression law
» Al-Sudani stresses the importance of developing cooperation with NATO after the end of the internati
» The thefts of the century continue... revealing an organized corruption window that caused the theft
» Surprise.. “An article in the General Amnesty Law encourages theft.”
» Makiya: Iraq provided real guarantees to attract foreign investments
» Iraq and deceptive growth: Is it dancing to the tunes of oil or singing the tune of development?
» The Gaza war extends to southern Lebanon: possible effects on the Iraqi interior
» About $300 million in Iraqi Central Bank sales at today's auction
» What is the importance of Iraq joining international agreements?
» Al-Sudani chairs a meeting to follow up on the implementation of networking between border crossings
» Central Bank sales exceeded $281 million
» Al-Asadi renews the call for all workers to take advantage of the retirement law and expedite regist
» The first official Iraqi comment on the fact that “Hamas moved to Iraq”
» Ending the coalition’s mission in Iraq and the “risks of war” are on the table of Al-Sudani and Roma
» They left because of tribal problems.. 5 accused were arrested for trading in private and government