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Delete the three zeros project success depends on the stability of the dinar exchange rate
Monday-6 May 2013 No. 313
Delete the three zeros project success depends on the stability of the dinar exchange rate
Baghdad-my day
The economic information center said Muhammad Ali Dergham, the successful implementation of the project to delete three zeros from the local currency depends on the stability of the dinar against the dollar and educating citizens and giving them long enough to replace the currency. He said: the economic reality of the last year before it was ready to receive the decision to delete zeros through market can absorb impacts due to high stability which was dominated by the dinar against the dollar. He continued: while the market became more sensitive and more has changed than it is to wonder about the reasons for the postponement but subtract this resolution, but that its implementation is still possible in the event of a positive education and give sufficient time for replacement and substitution of two years as scheduled is zero, currency, currency trading zeros deleted. He added that the Central Bank is required to confirm a value between the two currencies and the gradual replacement of the new currency in transactions and wadargha replace with strict controls and high control to prevent money laundering, and strictly control the damage to the old currency operations which allow the smoothly switching and security. and stressed that the Central Bank focuses on tools for restore rates of exchange of the dinar to target levels, for the successful implementation of the project.
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Monday-6 May 2013 No. 313
Delete the three zeros project success depends on the stability of the dinar exchange rate
Baghdad-my day
The economic information center said Muhammad Ali Dergham, the successful implementation of the project to delete three zeros from the local currency depends on the stability of the dinar against the dollar and educating citizens and giving them long enough to replace the currency. He said: the economic reality of the last year before it was ready to receive the decision to delete zeros through market can absorb impacts due to high stability which was dominated by the dinar against the dollar. He continued: while the market became more sensitive and more has changed than it is to wonder about the reasons for the postponement but subtract this resolution, but that its implementation is still possible in the event of a positive education and give sufficient time for replacement and substitution of two years as scheduled is zero, currency, currency trading zeros deleted. He added that the Central Bank is required to confirm a value between the two currencies and the gradual replacement of the new currency in transactions and wadargha replace with strict controls and high control to prevent money laundering, and strictly control the damage to the old currency operations which allow the smoothly switching and security. and stressed that the Central Bank focuses on tools for restore rates of exchange of the dinar to target levels, for the successful implementation of the project.
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