The Currency Newshound Commentary: This is an economist opinion stating the obvious…which is just by deleting the zero’s from the face of the currency does not constitute raising the value of the dinar. Only manipulating (revaluation, strengthening) the international exchange rate will promote the value of the dinar.
Economist: deletion of zeros from the currency value does not promote internationally
Date: Monday 05/09/2011 10:45
Baghdad (news) .. counting the economic expert on behalf of the beautiful The strengthening of the Iraqi dinar comes not delete the zeros and the degree of force but the country’s economy, stressing that this move would not enhance currency internationally.
The Central Bank of Iraq has put the idea of raising three zeros from the Iraqi currency, and announced that he is nearing completion on finalizing the drafting of the law to regulate the process of lifting to be sent to the Council of the Prime Minister, while the Ministry of Finance announced last February that the deletion of zeros from the local currency will free up the economy Iraqi constraints and enhance the value of the Iraqi dinar in the Fund, the World Bank.