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Revealing a study to delete zeros from the Iraqi currency .. The reason?
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Revealing a study to delete zeros from the Iraqi currency .. The reason?
Revealing a study to delete zeros from the Iraqi currency .. The reason?
Saturday 7 September 2019 03:54 PM
BAGHDAD / .. The parliamentary Finance Committee, a study to delete zeros from the national currency, but they ruled out the application at the moment for several reasons.
"The proposal to delete the zeros has been submitted from the House of Representatives to the Parliamentary Finance Committee in order to study the change of the national currency and all categories and the printing of new coins, but the preliminary study showed that the costs needed by the project is great," the committee's rapporteur Ahmed al-Saffar told reporters.
He added that "the budget deficit for this year and Iraq's debt is one of the most important reasons that will lead to delay the deletion of zeros (three zeros)," noting that "the Finance Committee has assigned specialized bodies of monetary policy to study the project carefully to submit to the Finance Committee to be the main lines of this project, which Its beginnings go back years. "
Al-Saffar pointed out that "deleting the zeros is a project with psychological effects rather than being actual, as the citizen will feel that his money is compatible with the requirements of his life and the movement of supply and demand and equal to hard currency."
http://aynaliraqnews.com/index.php?aa=news&id22=124807
Saturday 7 September 2019 03:54 PM
BAGHDAD / .. The parliamentary Finance Committee, a study to delete zeros from the national currency, but they ruled out the application at the moment for several reasons.
"The proposal to delete the zeros has been submitted from the House of Representatives to the Parliamentary Finance Committee in order to study the change of the national currency and all categories and the printing of new coins, but the preliminary study showed that the costs needed by the project is great," the committee's rapporteur Ahmed al-Saffar told reporters.
He added that "the budget deficit for this year and Iraq's debt is one of the most important reasons that will lead to delay the deletion of zeros (three zeros)," noting that "the Finance Committee has assigned specialized bodies of monetary policy to study the project carefully to submit to the Finance Committee to be the main lines of this project, which Its beginnings go back years. "
Al-Saffar pointed out that "deleting the zeros is a project with psychological effects rather than being actual, as the citizen will feel that his money is compatible with the requirements of his life and the movement of supply and demand and equal to hard currency."
http://aynaliraqnews.com/index.php?aa=news&id22=124807
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Re: Revealing a study to delete zeros from the Iraqi currency .. The reason?
if the goi would stop stealing all the money from the people this would be a non issue. here is something real big to think about. r emember what sam I am said as well as my 3 ladies as well as many gurus stated this is one big ruse played on the Iraqis as well as the sheep in dinarland its never to late to get something rather then nothing for your dinar in my own opinion
Jayzze- VIP Member
- Posts : 5986
Join date : 2011-06-23
Parliamentary Finance is considering deleting zeros from the currency, despite the exclusion of their application
Parliamentary Finance is considering deleting zeros from the currency, despite the exclusion of their application
SEPTEMBER 7TH, 2019
Compatible with supply and demand movement and equal to «difficult»
Baghdad - the new morning:
The parliamentary Finance Committee revealed a study to delete zeros from the national currency, but ruled out the application at the moment for several reasons.
Al-Saffar pointed out that «deleting zeros is a project with psychological effects more than being actual, as the citizen will feel that his money is compatible with the requirements of his life and the movement of supply and demand and equal to hard currency».
The Finance Committee in the House of Representatives, said at the end of August, that «there is a tendency to re-work the coin, which was used for decades in the country».
She stressed the importance of pre-empting the coinage process by step «delete zeros» from the current currencies to be a value for small cash groups.
A member of the Finance Committee, Ahmed al-Saffar, he saw that «the cost of coin is more than paper, as well as the harder to carry on the citizen».
Al-Saffar suggested that «there is a step to delete the zeros preceding the coinage process to be a value for the small groups versus the large».
http://newsabah.com/newspaper/193352
SEPTEMBER 7TH, 2019
Compatible with supply and demand movement and equal to «difficult»
Baghdad - the new morning:
The parliamentary Finance Committee revealed a study to delete zeros from the national currency, but ruled out the application at the moment for several reasons.
Al-Saffar pointed out that «deleting zeros is a project with psychological effects more than being actual, as the citizen will feel that his money is compatible with the requirements of his life and the movement of supply and demand and equal to hard currency».
The Finance Committee in the House of Representatives, said at the end of August, that «there is a tendency to re-work the coin, which was used for decades in the country».
She stressed the importance of pre-empting the coinage process by step «delete zeros» from the current currencies to be a value for small cash groups.
A member of the Finance Committee, Ahmed al-Saffar, he saw that «the cost of coin is more than paper, as well as the harder to carry on the citizen».
Al-Saffar suggested that «there is a step to delete the zeros preceding the coinage process to be a value for the small groups versus the large».
http://newsabah.com/newspaper/193352
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Re: Revealing a study to delete zeros from the Iraqi currency .. The reason?
A "study" for an Iraqi or arab could be a 25 year endeavor. They do not reckon time like the western world.
Mission1st- VIP Member
- Posts : 536
Join date : 2016-07-22
Age : 65
Location : Texas
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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