View Full Version : Economists: The deletion of zeros hold reformist acceptable facilitate currency excha

11-25-2016, 12:01 PM
Economists: the deletion of zeros hold reformist acceptable facilitate currency exchangehttp://www.iraqpressagency.com/wp-content/uploads/2013/11/fdgdsg.jpg
BAGHDAD - Iraq Press - November 24 / November, described the economic expert, Akram Abdel Aziz, central bank's move to lift the zeroes from the local currency, "the reformist aspects of the procedure for the calculation."

He said in a press statement that "the deletion of zeros is the restructuring of the financial and banking sector and revision of the monetary policy."
She continued by saying that "the deletion of zeros facilitates the use of the exchange, accounting and transfer of currencies", noting that it "does not believe that the lifting of the zeroes is useful in other things, particularly with regard to raising the value of the exchange rate or inflation, but is conducting a reform of the aspects of the calculation," noting that " easing inflation needs to restructure Iraq's economy because our economy depends Rei side weighed on oil imports. "

She pointed out that "the lifting of the zeroes procedures are ok, but it must be associated with other elements in order to be positive and bright step to change the structure of the Iraqi economy."

It indicated that the Central Bank of Iraq taught for more than two years the issue of lifting the zeros from the Iraqi currency, but has not taken yet a firm decision in this regard.