Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency

 
05/12/2022

Economy News-Baghdad

The economic expert, Mahmoud Dagher, explained the economic feasibility of the project to delete zeros from the Iraqi currency, which is frequent in political and economic circles from time to time, especially in times of inflation.

Dagher said to "Economy News", that "removing zeros does not change the level of inflation because it does not change the money supply or securities," adding that "the state will have to spend money to print a currency equivalent to the replaced currency."

On ways to preserve money during inflation in the markets, Dagher advised capital owners to "invest in fixed assets that are not subject to commercial circulation, such as gold, real estate and fixed assets to keep money from eroding during price increases."

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