KAPERONIS Commentary "on delete zeros"

Baghdad - The Chairman of the Economic Studies at the University of Kufa, an economist Raad Twigg, to delete the zeros of the market value of the Iraqi currency will be less risky than the deletion of three zeros.

He said in a press statement: delete the zeros may bring cash position to the state of the former in the assessment of wealth and assets, either if it has been deleted three zeros, the currency will be exposed to attacks by speculators, internal and external, as you will lose the status of the characteristics of basic viability of the retail to the monetary units smaller.

He added that the project to delete the three zeroes will not only benefit the owners of capital slice large, making money easy pregnancy and the poor will suffer and suffer from bottlenecks in the process of trading and exchange.

The central bank plans for more than two years for the deletion of zeros from the Iraqi dinar, to facilitate financial transactions and since last year, waiting for a restructuring plan dinar to supply the market with more liquidity parliamentary approval. But the Council of Ministers decided to stay the proceedings relating to the process of deletion of zeros from the dinar until further notice.



Kaperoni - “Economic: delete two zeros from the currency less risky“  Deleting the zeros has nothing to do with the physical currency… It is nothing more than an event…they must raise the zeros before they can delete the zeros.   We do not care about the deletion of zeros because that can only occur once they have the dinar on par or about with the dollar.  Then they can officially declare they have “deleted the zeros” and implement the Law of Indebitness.