An advisor of the Iraqi Central Bank, Dr. Mohammed Saleh appearance that the bank adheres to its policy regarding the removal of three zeros from Iraqi dinar traded at present.
The Chancellor said in an interview for Radio Free Iraq that the application of political restructuring of the Iraqi currency would fix the management problems, faced by the inflation of the cash block in the country’s $ 28 trillion dinars, especially since the structure of the current currency is no longer commensurate with the prices and costs in Iraq.
He said the Iraqi Central Bank Consultant to the current situation was appropriate to start this project, which would boost the Iraqi economy, but on this project must first get approval from the Iraqi government, which in turn be submitted to the Iraqi Council of Representatives for approval.
The proposal to delete three zeros from the currency has triggered controversy among economists of Iraqis and was the most prominent points of disagreement among them on what could be its implications on the economic sector, especially in the case of operation, a sudden and fast.
This has prompted the dispute, an economist on behalf of the Patriarchs, which had already been for years an economic adviser to the Iraqi Central Bank show that the fear of the implementation of the project at this time despite the completion of all studies about him the fact that the economic situation does not help that.
To that, the adviser to the Central Bank of the appearance of Mohammed Saleh, said that such fears are unwarranted, and that the economic situation in Iraq is good and able to withstand the application of this project, and that this experience had previously been applied in countries such as Turkey, which has by deleting six zeros from the currency before the period is not too distant future.
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