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BatmaninIraq
05-19-2015, 11:43 AM
Economist: talk about a former delete zeros early



He said in a press statement that "the restructuring of the Iraqi currency project is very important and the process of deleting the zeros of them, are necessary to stop rising inflation in the Iraqi currency figures which made ​​traders and Contractors averse all traded on the internal and external transactions and replace it with cash in foreign currencies, especially the dollar," he said.

" This is reflected negatively on the currency and its strength and popularity value and the speed of circulation as well as the confidence of the citizen out. "He added, that" the project to delete the zeros put up eight years ago, but the mechanics of his study and apply it passed through many obstacles delayed its implementation, including the agreement on the new currency form and the availability of financial amounts for printing and guarantees of safety for not rigged "He stressed the secretary on"

the importance of the economic, financial and political conditions are met prior to the implementation of the project to ensure its success and benefit from in terms of cash transactions internally and externally and put competitive strength coin.

"He explained that" part of the conditions is the security and political stability that followed by economic stability with the diversification of sources of national income and the development of the productive sectors and to ensure the sustainability and support the national currency exchange rate against the dollar ", adding that" these things are all currently Ataatovr, and that talk in this issue is premature.

"He said that" the Iraqi currency's strength being affected quantities Exporting oil and the price per barrel is stable in addition to opening up the doors of depleted budget spending through Daash fight terror and buy weapons and equipment gangs and relief to the displaced with reconstruction campaigns