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Traders are involved in damage to the opportunity of the Iraqi economy .. Officials are turning their homes into shops for banking pending delete zeros dinar
07/20/2011 0:00
The future of Iraq / special
With the approach of the countdown to reduce the zeros of the Iraqi currency by three zeros to the bottom step of the Central Bank of Iraq to rearrange the rules of the Iraqi economy, began to groups supported inside the Green Zone is assigned currency dealers collect and store a currency U.S. dollar in preparation for stage determine how the zeros of the Iraqi currency and Tbdlleha to become a thousand dinars, , JD and down to the numbers Alumblyaria culture that has invaded the Iraqi economy.
Source from inside the Green Zone, said that some of the condos with leaders and officials and officers turned to the banks do not comply with the specifications of the storage financial because they were filled with U.S. currency U.S. dollar, a gain added to the dealers that it exceeds the profit rate of 100%, where it will be the amount sold by the Iraqi currency and buyer of U.S. currency The dollar is the same amount that it will buy the Iraqi dinar once again after the whistle of the Iraqi currency.
This process has affected and three days ago at the level of trading of the currencies in the Iraqi Central but are invisible to this moment, but will cause major problems on the economic level of the next period.
Traders the opportunity who make a living on such stages are active in damaging the Iraqi economy and provoke crises among people who started a lot of them turn of his money to the U.S. currency, an approach that is almost universal in the Iraqi markets that are looking for safety in the maintenance of its financial resources by turning them into the dollar and then deal with the new Iraqi currency, Valqnaah that prevail in the market now, that the process of replacement of zeros of the Iraqi currency, which goes to the government seeking its implementation during the period between the end of this month, and year.
It is expected to break out conflicts and problems in society and in the Iraqi economy if the project was implemented without the education and promotion by the government in the media and open channels of its own government to alter the currency and not to submit to the black market and banking companies, which accuses currently being fed subject of rumors about what will happen with if the project was implemented as a means to increase the chances of speculation by raising the purchase price of the dollar against the Iraqi dinar in the exploitation of blatant ignorance of the public to the fact that central bank's move.
Economic circles demanded an integrated program of public awareness and its width is transparent for the deletion of zeros because these decisions are not just purely financial decisions, but is located in the heart of the daily life of citizens.
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07/20/2011 0:00
The future of Iraq / special
With the approach of the countdown to reduce the zeros of the Iraqi currency by three zeros to the bottom step of the Central Bank of Iraq to rearrange the rules of the Iraqi economy, began to groups supported inside the Green Zone is assigned currency dealers collect and store a currency U.S. dollar in preparation for stage determine how the zeros of the Iraqi currency and Tbdlleha to become a thousand dinars, , JD and down to the numbers Alumblyaria culture that has invaded the Iraqi economy.
Source from inside the Green Zone, said that some of the condos with leaders and officials and officers turned to the banks do not comply with the specifications of the storage financial because they were filled with U.S. currency U.S. dollar, a gain added to the dealers that it exceeds the profit rate of 100%, where it will be the amount sold by the Iraqi currency and buyer of U.S. currency The dollar is the same amount that it will buy the Iraqi dinar once again after the whistle of the Iraqi currency.
This process has affected and three days ago at the level of trading of the currencies in the Iraqi Central but are invisible to this moment, but will cause major problems on the economic level of the next period.
Traders the opportunity who make a living on such stages are active in damaging the Iraqi economy and provoke crises among people who started a lot of them turn of his money to the U.S. currency, an approach that is almost universal in the Iraqi markets that are looking for safety in the maintenance of its financial resources by turning them into the dollar and then deal with the new Iraqi currency, Valqnaah that prevail in the market now, that the process of replacement of zeros of the Iraqi currency, which goes to the government seeking its implementation during the period between the end of this month, and year.
It is expected to break out conflicts and problems in society and in the Iraqi economy if the project was implemented without the education and promotion by the government in the media and open channels of its own government to alter the currency and not to submit to the black market and banking companies, which accuses currently being fed subject of rumors about what will happen with if the project was implemented as a means to increase the chances of speculation by raising the purchase price of the dollar against the Iraqi dinar in the exploitation of blatant ignorance of the public to the fact that central bank's move.
Economic circles demanded an integrated program of public awareness and its width is transparent for the deletion of zeros because these decisions are not just purely financial decisions, but is located in the heart of the daily life of citizens.
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