PDA

View Full Version : Economist: raising zeros remedial action to facilitate transfer and currency account



Hue Mi
11-24-2013, 10:44 PM
Economist: raising zeros remedial action to facilitate the transfer and currency account (http://www.burathanews.com/news_article_219657.html)

On -24/11/2013-1: 37 pm | Hits: 42

Economic expert, described Akram Abdel-Aziz, the Central Bank's move to raise zeros from the local currency, "mathematical aspects of reform."

She's all in Iraq: "delete the zeros is for restructuring the financial and banking sector and monetary policy revisited."

"Delete zeros facilitates the use of Exchange and currency transfer accounting", noting that it does not believe that "raise zeros in other things, especially with regard to raising the value of the exchange rate or inflation, but it is a remedial action to computational aspects", noting that "the easing inflation needs to restructure the Iraqi economy," Noting that "Rentier economy side based its budget on oil imports."

The "procedure for raising zeros are OK, but they must be associated with other elements so as to be bright and positive step to change the structure of the economy."

The Central Bank of Iraq more than two years studying the issue of lifting the zeros of the Iraqi currency but until now did not take firm decision on this matter. Finished

English Bob
11-25-2013, 09:48 AM
Economist: raising zeros remedial action to facilitate the transfer and currency account (http://www.burathanews.com/news_article_219657.html)

On -24/11/2013-1: 37 pm | Hits: 42

Economic expert, described Akram Abdel-Aziz, the Central Bank's move to raise zeros from the local currency, "mathematical aspects of reform."

She's all in Iraq: "delete the zeros is for restructuring the financial and banking sector and monetary policy revisited."

"Delete zeros facilitates the use of Exchange and currency transfer accounting", noting that it does not believe that "raise zeros in other things, especially with regard to raising the value of the exchange rate or inflation, but it is a remedial action to computational aspects", noting that "the easing inflation needs to restructure the Iraqi economy," Noting that "Rentier economy side based its budget on oil imports."

The "procedure for raising zeros are OK, but they must be associated with other elements so as to be bright and positive step to change the structure of the economy."

The Central Bank of Iraq more than two years studying the issue of lifting the zeros of the Iraqi currency but until now did not take firm decision on this matter. Finished


Firm decision................ok is this as firm as sand or concrete? LOL

EB