Tuesday, 02 April / April 2013 10:52
Sponsored by Mr. Rector Iraqi Stadium Dr. (Ziad Mahmoud Rashid) and under the supervision of Dean Stadium Dr (Ali Mohammed Saeed) held by the Faculty of Management and Economics Seminar deletion of zeros from the Iraqi currency and raised on the Iraqi economy.
And made a member of the Baghdad Provincial Council, Dr. (Sabah Abdul Rasul al-Tamimi) and a working paper on the solutions and the commandments of the reform of the currency management system cash through restructuring and the deletion of zeros to control the flow of currency imports in an optimal manner.
She added: There scientific steps including deletion in Hade and after the Iraqi banks educate citizens about the mechanisms to delete the zeros and the enactment of the limits of the phenomenon of corruption and tackle poverty with the provision of security mechanisms to prevent fraud the new currency and the continued ration card system and put the new currency with the existing currency with gradual withdrawal her of the market.
Turning Tamimi currency to delete features on two horizontal levels I delete the three zeroes and the level of vertical E. restructuring and currency composition, noting that the deletion of zeros leads to ease of doing business transactions and enhance the value of the Iraqi dinar.
It continued: This limits the desire citizen of holding dollars and replaced dinar is a project aimed at reducing inflation and liberalizing the economy of Iraqi restrictions also offers Prof. Dr. Khalil Mohammed Shehab al-Jubouri working paper on the economic impact of the deletion of zeros eating out experiences European countries to delete the zeros and economic impacts expected for this decision.
It showed that good national interest and rationality require postponement of this issue because it reflects a form of economic luxury not entail any benefit of the Iraqi economy but on the contrary will cause economic disruption.
Iraq said in indispensable in the present time and there are other economic effects is that the capital markets will be affected in turn in the case of the deletion of zeros and there's a big fear in the increasing number of counterfeit banknotes The symposium came the following recommendations:
1 - The deletion of zeros currency is an important step, but not at this stage to the lack of appropriate conditions.
2 - Develop a series of economic measures.
3 - activate all sectors.
4 - provide services to citizens.
5 - the elimination of unemployment.
6 - combat corruption.
7 - open projects.
8 - to stabilize the security.
9 - reconsider the importation of goods.
10 - supporting the national economy and the industrial, agricultural and protected from foreign competition.
The seminar was attended by Deputy Prime Iraqi Chirvien Association Mr. Ahmed Abdul-Razzaq al-Rubaie, and a number of professors and students Finally open interventions and debate.
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