Discussed by researchers, academics and specialists in the economic and fiscal policy placed Iraqi raise zeros from the Iraqi currency at a seminar hosted by the specialized scientific studies of the Higher Institute of Finance and Accounting at the University of Baghdad, titled "Delete the zeros and its impact on the Iraqi dinar exchange rate."
He gave appearance of Dr. Mohammed Saleh, Deputy Governor of the Central Bank of Iraq lecture about monetary policy and the deletion of zeros, which he confirmed that this reform has a horizontal level and the level of vertical, horizontal level is the deletion of three zeros that is to say a thousand dinars become one Dinar each, but to maintain the purchasing power, which concludes the citizens of large numbers, as well as rid the Central Bank of the larger figures also facilitate banking transactions, and assured the benefit of that new change will not affect the entry of citizens or their wealth or contractual obligations to them, but it will contribute to the cancel (dollarization) large sums in banking, as well as change the currency the currency of a new consensus technologies high in the printing of currency globally and printing of new categories lot of the Iraqi currency reduce the number of printed sheets now circulating in the market and aimed collectively to eliminate inflation, which controls the Iraqi market for decades and return to the issuing of coins Pfaúadtha that were in circulation in the past and the other is to facilitate transactions in purchasing everyday citizens.
Also included a scientific symposium lectures another for exchange rate fluctuations causes, consequences and treatments of Professor Mahmoud Mohammed Jawad Alloush member of the Authority senior investment and why raise the zeros of Dr. Falah Hassan Thuwaini from the Faculty of Business and Economics at the University of Mustansiriya and delete the zeros of the Iraqi dinar to Dr. Bashir Alwan Hamad from the Higher Institute for Financial Studies and accounting.
They were numerous opinions and views in the seminar between consistent and encouraging the process of lifting the zeros at times certain, and the opposition in other times, but all were in line to get to safety to the variable of economic and monetary and social order to achieve the overriding goal and the ultimate good and welfare of the Iraqi people and building the new Iraq riser.
The Higher Institute of Finance and Accounting at the University of Baghdad was founded in 1999 and aims to prepare specialists in the control computer (legal and costs administrative) which corresponds to doctoral, and terms of reference of financial (banking, taxes and insurance) equivalent to Masters, the level and efficiency of the prohibitively high and upgrading in order to keep abreast of developments Recent developments in all fields. The Institute comprises two parts (Studies Accounting and Financial Studies)
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