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Delete the three zeroes will raise the value of the national currency and revive Iraq’s economy

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Delete the three zeroes will raise the value of the national currency and revive Iraq’s economy

Post  Shilo on Wed Sep 15, 2010 9:01 pm

Delete the three zeroes will raise the value of the national currency and revive Iraq’s economy
September 15, 2010 · Posted in NEWS


Don’t know about you, but this sure does seem to say AFTER the new GOI they will be doing something with their diner…. Also sounds like 2 currencies at the same time…. IMO this is a very important article if it can be trusted.

Said Dean of the Faculty of Management and Economics at the University of Karbala governor Dr. Muhsin, the Iraqi currency is now a block of paper, returned to be a problem in itself stands in the way of the development of the national economy.
The improved if the solution to this problem, we have to delete the three zeroes from the currency, pointing out that the Iraqi central bank’s move in this direction is towards a solution and get rid of the huge mass of paper.
Adviser, said the CBI appearance of Mohammed Saleh, said that the process of deleting zeros from the Iraqi currency will be after the new government directly, saying that zeros have been added for the currency formed a cluster of large cash amounted to twenty-seven trillion Iraqi dinars, and led to a confusion in commercial transactions large and the work of banks.
And on how to solve the problem delete the yellowing of the three, “said Dr. Mohsin said that the product that has a list price will be a thousand million dinars, pointing out that the first step in this direction is to issue two classes of one currency and paper worth a million and a second class of a thousand dinars.
He said the implementation of this step will not take more than a year or two, and added that the deletion of zeros will in the future to carry the citizen small amounts of the currency and increase its value in conjunction with a qualitative shift in the Iraqi economy, in terms of operation of the economic resources of the agricultural sectors, industry, transport, services and storage and the development of national staff to follow the policy of balanced economic and financial

http://www.radiodijla.com/cgi-bin/news/news_item.pl?id=2010-09-15%2011:18:29
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