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Economist: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar

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Economist: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar Empty Economist: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar

Post by IQD4US Sat Apr 27, 2013 8:17 am

Economist: the success of the project to delete the three zeroes depends on the stability of the exchange rate of the dinar against the dollar
21/04/2013 16:09:00
04/21/2013 16:09:00


The independent Iraqi news agency / Baghdad
Head of the Media Center said the economic Dergham Mohammed Ali, that the success of the implementation of the project to delete the three zeroes from the national currency depends on the stability of the exchange rate of the dinar against the dollar and educate citizens and give them enough time to replace the currency.
Mr Mohamed Ali said in an interview carried by (Iraqi news agency Independent) that the economic reality of the past year and the previous one was fit better to receive the decision to delete the zeros of the capacity market to absorb its effects because of the high stability, which was dominated by the exchange rate of the dinar against the dollar at the time.
He said while the market has become more sensitive and broader change than it was a Mitrah question the reasons for the postponement of this decision, but the implementation is still possible in the event of education in a positive way and give long enough to bring a replacement span for two years as planned during which the currency traded zero and currency deleted zeros .
He added that the central bank demands to confirm the unit value between the two currencies and start substitution out for the new currency and ادارجها within the trade and the rule of replacement controls strict and controlled high in order to prevent money laundering and control rigidly operations splurge of the coin ancient This allows the switch smoothly and safe. He stressed the need for the central bank to focus on his tools to re-dinar exchange rate to the target levels for the successful implementation of the project.

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