BAGHDAD - agencies
Emphasized the economic expert Ikram Abdul Aziz said the project to delete three zeros from the currency has no effect on the Iraqi dinar and the economy, just switch the external form of currency, saying it would cost the state large sums of money when implemented.
Said Abdul Aziz that the strength of the Iraqi dinar depends on the strength of the Iraqi economy and its diversity, ie diversity of annual state revenues through the activation of all economic sectors, and the Iraqi economy is diversified revenue rather than a unilateral yield economy dependent on oil. She said Abdul-Aziz: the project to delete the three zeroes from the Iraqi currency does not lead to the strengthening of the Iraqi dinar and the national economy, but it's just reduces the money supply in the market, asserting that a sound by the Central Bank to facilitate the trading process and the provision of currencies with a few categories.
She pointed out: This project will cost the state large sums of money 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 restructuring the economic sectors in Iraq and diversity in its infrastructure in order to strengthen the Iraqi economy and then the Iraqi currency.
The CBI had earlier announced that the project to delete three zeros 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.
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Last edited by deniscanada on Wed Jan 04, 2012 2:20 am; edited 1 time in total (Reason for editing : removed my personal comment)
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