View Full Version : Cancel zeros will raise the value of the Iraqi dinar against the dollar

04-12-2015, 02:09 PM
Economist: Cancel zeros from the currency will raise the value of the Iraqi dinar against the dollar


Baghdad /...qal economic spokesman Antoine, Sunday, that the expert Cancel zeros from the Iraqi currency project comes to restructue and reduce the currency in circulation process in the markets at the moment, "dollarization".

Said Antoine's "Eye Iraq News" that the process of deletion of zeros from the currency is a project under discussion at the State Commission in collaboration with the Central Bank, but under implementation, "stressing that" the purpose of which is to reduce the process of dollarization in the market this time to maintain the dominance of the Iraqi dinar and make it the most heavily traded in the markets and ease the use of the dollar, "adding that" the Iraqi currency sober and accept fraud. "

He added that the confusion which has increased demand for the dollar and not pumping dinars in large quantities by the central bank has increased more demand than supply, which led to the appreciation of the currency from the dollar in the local market. "

"The Central Bank on the terms of any transfer must be proved in the papers martyrdom on the import of goods against the dollar, with the imposition of the tax, which is 8% 0.5% fee Comerk and 3% income tax