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Iraqi Dinar Deletion of Zeros, 2 JUNE

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Iraqi Dinar Deletion of Zeros, 2 JUNE

Post  Rosy on Sat Jun 02, 2018 6:18 pm

The Central bank of Iraq is taking steps to control inflation and strengthen the currency. For this purpose,  different methods are being applied by the Central Bank of Iraq. These steps are the combination of modern and traditional techniques. To control the inflation and strengthen the currency, deletion of zeroes from currency is one of the most famous techniques that are being applied.
The economists are expecting this change in the Iraqi currency since 2003. Now this issue is on the peak as the Central Bank of Iraq has announced to implement this strategy to control the inflation in the country. The economists all over the world have divided into the two parts of this strategy. Some of the economists are considering that it is against the economy of Iraq and some economists considers it asfavorable for the country. The economists who are against this strategy are of the view that this strategy will ..read more: https://dinaresgurus.blogspot.com/2018/06/iraqi-dinar-deletion-of-zeros-2-june.html
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Re: Iraqi Dinar Deletion of Zeros, 2 JUNE

Post  Ethel Biscuit on Sun Jun 03, 2018 1:12 am

Redenomination ("deletion of zeroes") does nothing to control inflation. All it does is make the currency more convenient to use after inflation has already happened.

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Re: Iraqi Dinar Deletion of Zeros, 2 JUNE

Post  Jayzze on Sun Jun 03, 2018 11:38 pm

if iraqs economics were good they would not be pounding sand and there people would have food   water  and electric. what they are good at is stealing money from the gov while the people suffer
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