Sunday, April 10, 2011

Delete the zeros from the Iraqi currency

One of the things were also mentioned in the economic file of the 2010 Iraq is the Iraqi currency and delete the three zeroes of them,
Has revealed the first expert at the CBI appearance of Dr. Mohamed Saleh said that Iraq’s new currency will be conducted by a number of changes from the most important of which raise three zeroes of the aim of Tharigaha and raise their purchasing power, and the second is that they’ll give new look by adding the Kurdish language of Arabic and English that were printed out.
The appearance of the draft Iraqi Currency Exchange is one of the most important strategic projects, which goes by the bank, but not in the near term, but on the horizons the medium and long term, Changing the currency is not things easy it must be preceded by a lot of preparation, such as access to the decision to switch.
Especially since the cluster experiencing inflation and the State is moving towards stability and thus the prospects for inflation endures reform policies that inflation and reforming the monetary system and currency, and inflation is suffering from inflation earlier rate of 50% and the mass of large cash and low purchasing power and here we must create equations instead of a large amount of money for a small amount of goods we are trying to reverse the equation a small amount of cash for purchasing power.
And between the bloc the Iraqi monetary currently exceeded the 29 trillion dinars and called securities transactional and can not remain trillions, but must Trchigaha through the deletion of zeros and here reduced to one third and Limbering is important for the withdrawal of inflation and the withdrawal of amounts of currency which does not affect the wages and purchasing power, or at any MM just trying to ease the burden withdrawal of this vast amount of paperwork, and the state and a stable economic order must resort to this policy is important in the currency of a prosperous and optimistic about a prosperous future for Iraq, and unfortunately there are who tries to return it back, but Iraq in spite of all the future for a prosperous future and in need of major repairs, fast and industry, monetary policy intervene in any matter it deems appropriate for the Iraqi economy, and we found that the cost of counting and sorting currently weighs staff and with the currency of grace so does not require effort.
And on the variables of the new currency between they will appear new look including the lifting of three zeros from the dinar and returned to the same value in the eighties and also will enter the Kurdish language in addition to Arabic and English, this headquarters according to the constitution language Kurdish language official and sanctioned by the Constitution and is used in all official correspondence, and will be printing process solid very fine level and according to specifications of a very special and not subject to fraud and corruption and forgery.
http://www.almowatennews.com/news_view_18744.html

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