***** Senior Economist: Raising the zeroes corrective action to facilitate the transfer and account currency

Sunday, 24 October / 2 November 2013 08:11



[Baghdad where]

Described expert Economic, Akram Abdel-Aziz, a step central bank to raise zeros from the local currency, "the procedure for the reform aspects of the calculation."


It said in a statement Told all of Iraq [where]: "The deletion of zeros is to re-structure of the financial and banking sector and to reconsider the monetary policies."

They believed that "the deletion of zeros facilitates the use of the exchange and transfer of accounting currency," pointing out that it does not believe that "the lifting of the zeroes According to the last things, especially with regard to raising the value of the currency or inflation, but it is an aspect of the reformist arithmetic, "noting that" the easing of inflation Needs to restructure the Iraqi economy, "pointing out that" our economy is dependent yield side budget on oil imports. "

They pointed out that "Procedures for lifting of the zeroes are ok, but it must be associated with other elements in order to be a positive step and bright to change the structure of the Iraqi economy."

He indicated that the CBI has been teaching for more than two years, the issue of lifting the zeros from the Iraqi currency, but so far has not taken a firm decision in this regard.



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