On: Friday 30/12/2011 11:48
Baghdad (news) .. Emphasized the economic expert Ikram Abdul Aziz said the project to delete the three zeroes from the currency has no effect on the dinar and the Iraqi economy, but just switch the form of currency outside, noting it would cost the state large sums of money when implemented.
Thank you TPQ12001 at Peoples Dinar for this article
said Abdul Aziz told the reporter Agency (news) today Friday: that the strength of the Iraqi dinar depends on the strength of the Iraqi economy and its diversity, ie diversity of revenue annual State through the activation of all economic sectors, and the Iraqi economy diversified revenue rather than a yield economy unilaterally dependent on oil.
She said Abdul-Aziz: that the project to delete three zeroes from the Iraqi currency does not lead to the strengthening of the Iraqi dinar and the national economy, but it just reduces the money supply in the market, asserting that a sound by the Central Bank to facilitate the trading process and provide the currency with a few categories.
She pointed out: This project will cost the state money large and expensive through the process of printing currency and instruct citizens on how to use and dealing in them, stressing that this project has no impact either negatively or positively on the Iraqi economy.
The economic expert if it wants monetary policy to work to strengthen the Iraqi dinar, it has to go towards the restructuring of economic sectors Iraqi and diversity in its infrastructure in order to strengthen the Iraqi economy and then the Iraqi currency.
The Iraqi Central Bank has announced earlier that the project to delete the three zeroes from the Iraqi currency exists in spite of the criticisms directed against him by officials and economists, will be implemented after two years from now. / Finished / 8. n. r /
We have seen this a couple of times now.
"Will be implemented after two years"