Benefits of removing zeros from the Iraqi currency

by **Ponee** Sat Nov 05, 2016 12:22 pm

Learn the benefits of removing zeros from the Iraqi currency
04/11/2016 no comments 847 World News , Breaking News
Central Bank: the deletion of zeros in early 2017

Benefits:
1.adraj Iraqi dinar within the global currency basket and handle it officially the world 's stock exchanges and financial markets.

2.amkanah held economic agreements to handle the national currency as Iraq could hold Order dollar instead dinar when the contract to build two production lines deals agreements or transactions Stirad goods this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.

3.illt trading allows dealing in Iraqi dinar in the Iraqi market and not rely on foreign and squandered currencies and Bosrtha transfer abroad by the private and public sector, which is the sovereign wealth dissipated abroad a small, non - essential positions and luxury in Iraq at the time need this wealth of storage as a reserve.

4.seetm rid of manipulating market currency exchange and finish the so - called auction sell the currency , "" burning oven dollar ""

5.satoagaf work corrupt suspicious of banks and their agents and Smaserthm "" contractor and investor cartoons "

6.seetm capping the highest amounts transferred abroad of currency the dollar and the euro and the yen sterling and the yuan exchange - active and other pound to ensure that no smuggling the vast majority of trades of currency smuggling.
and the Iraqi Central Bank Governor said the project to delete the zeros will be implemented in the beginning of 2017, indicating that the bank began to develop the first steps of the project.

and he said: " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "this strategic project will serve the country 's economy if will be inclusion of the Iraqi dinar in the global basket of currencies in the vital world stock markets. "
He added that" the Bank is working on mechanisms for the implementation of this project is expected to start at the beginning of 2017 , "noting that" the central bank began the first steps of the project through the selection of the designs , companies and the country that will be the currency printing. "

He pointed out that" the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years , "pointing out that" this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market "

http://www.alrasheedmedia.com/2016/11/04/54357/