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Banker: delete the zeros in the current period will help forgery and counterfeiting of currency
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April 20, 2013
BAGHDAD (Iba) .. Mark North Bank adviser Investment and Finance wholesome Elias Abbou, that the current period is not appropriate to start procedures to delete the three zeroes from the Iraqi currency.
He said Abbou told the independent press (Iba) "The process of deletion of zeros from the perspective of economic management process relies on how to control the deletion of zeros without imbalance between the monetary value of the previous and the new value, warning" from the disruption of purchasing power after the deletion of zeros and harm consumers first . "
"The replacement of the Iraqi currency restructuring measures in the current circumstances is correct and will lead to Antstreetmlah of counterfeiting and forgery as a result of the instability of the security situation, political and economic."
He Abbou "The interest of the deletion of zeros is the process by reducing the money supply only and you need a long time to define them as citizens and that the current circumstances is appropriate to start the process."
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[You must be registered and logged in to see this image.]
April 20, 2013
BAGHDAD (Iba) .. Mark North Bank adviser Investment and Finance wholesome Elias Abbou, that the current period is not appropriate to start procedures to delete the three zeroes from the Iraqi currency.
He said Abbou told the independent press (Iba) "The process of deletion of zeros from the perspective of economic management process relies on how to control the deletion of zeros without imbalance between the monetary value of the previous and the new value, warning" from the disruption of purchasing power after the deletion of zeros and harm consumers first . "
"The replacement of the Iraqi currency restructuring measures in the current circumstances is correct and will lead to Antstreetmlah of counterfeiting and forgery as a result of the instability of the security situation, political and economic."
He Abbou "The interest of the deletion of zeros is the process by reducing the money supply only and you need a long time to define them as citizens and that the current circumstances is appropriate to start the process."
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