Author: Yasser mutawalli
We are on the doors of the year 2018 it was time for either deleting three zeros from the Iraqi dinar question addressed to the makers of monetary policy?
Past years have seen a broad debate on the advantages and disadvantages of the deletion of zeros.
Which brings to the forefront of this debate but we are at the beginning of the road towards economic reform of the country 's Rashid restores its durability and strength after suffering several tremors have almost Thalh.
I see that the return placed to delete the zeros to the fore at a time when reform moves quietly and slowly unrivaled going but a real vision to restore the real value of the Iraqi dinar to remain the master currency at the local level of trading without rushing to the acquisition of the dollar to invest outside the country, and perhaps that of the advantages equivalent to the dinar with the dollar in terms of value, content and appearance of Danarastosmarh locally, because there is difficulty in the currency to invest in the countries of the world outside of the scope of the dollar as the most receptive and popular currency in transactions and investments.
This feature and others pay to take into consideration the adoption of this project and to study the possibility of its application during the year 2018 as one of the fundamentals of monetary and banking reform.
Perhaps you follow the steps in the reduction of the dollar exchange rate gradually after settles security challenge will be devoted to the convictions and accept the deletion of zeros, which faced at the time divided between supporters and opponents because of poor understanding of the lifting of the zeroes, and its importance and advantages , especially when some of those who believed that the deletion of zeros will reduce the size of the Almktensat of the dinar because their view of the size and not to their true value.
Here it must be noted that monetary policy had followed a court and a balanced plan to reduce the dollar exchange rate against the dinar and succeeded somewhat Butapth what it is now, where he was able to be reduced from 200 thousand compared to $ 100 to 120 thousand dinars , and the goal was to reach 100 000 but circumstances have prevented timely without completing the gradual reduction of dinars.
Today , we find it easy in front of the Central Bank of Iraq to work to the principle of reducing the exchange rate gradually to the extent that it can be equivalent to the dinar against the dollar, so as to accept and digest the process of deleting the zeros, so the reduction of money supply size advantage rest assured hoarder to retain small amounts cash with bone market value and actual.
For this reason, the deletion of zeros or lifted from the Iraqi currency will make them enjoy these advantages in the field of compactness and business dealings and much less risk for large cash sizes.
Bottom line: It is the need to adopt the Central Bank of Iraq for the project to delete the zeros and work on its implementation now in order to achieve the goals of reducing the size of the monetary mass, and the desired media program to devote the convictions of the importance of this project, especially the economic media.