* Do you delete the zeros is the solution or create a new problem or an economic futility
We do not know how came the idea to delete the zeros has not changed the currency to replace the word was the word to delete the zeros is less severe and resistant to change of a word to replace the coin. That have proved their purchasing power and who is behind this absurd economic Sazelzel Iraqi currency after it saw the light and recovered it is an economic plan for foreign countries or domestic destinations purpose of which is their money laundering and curb runaway Iraqi dinar, which began publishing
Power and influence in the region and who are the leaders of the replacement and why this insistence on the replacement amnesty to delete the zeros increased in recent media statements of politicians, journalists and professionals from the financial experts and economists about the strategy to delete the zeros between the opposition and pro adopted by the Central Bank of Iraq in order to be defined more accurately must ask the following questions and answer them. 1- Is the replacement process increases the purchasing power of the Iraqi dinar. 2- Is the new version reduces the money supply. 3- Is the new version needs to coin metal cash and categories of the largest. 4- Is the new version affects the traded commodities, fixed, especially real estate. 5- – Is the currency caused the current economic problem at the moment and must be changed. 6- Is the new version accompanied by corruption.
In order to answer these questions must know that there are several other major countries are to have the same zeros in the currency did not constitute a hindrance or have any economic problem. أن To answer the first question is that the process of replacing the currency increases the purchasing power of the new Iraqi dinars. That any replacement of the coin, at least accompanied by economic benefits, accompanied by a feasibility study and financial and monetary, social and psychological process of offering new currency replace the other currency is not marred by anything, but must put a strong currency any have purchasing power of her employer can not be falsified need to pause and less estimate the contribution of the new currency to increase the power of the Iraqi dinar in the short term or long term, but after asking many professionals in the field of economics, monetary, fiscal and banking response was that the process of replacing the currency does not increase the purchasing power of the Iraqi dinar new and this was confirmed by the appearance of Dr. Vice-President of the Central Bank in a seminar about deleting the zeroes in the College of Management and Economics at the University of Qadisiya, also confirmed by Dr. Ahmed Bureihi economics professor, deputy central bank earlier this case must stand up and focus and think deeply if the replacement process does not have any relationship is not directly or indirectly to increase the purchasing power of the Iraqi dinar. So there will be a backfire, according to my modest opinion that the replacement process will reduce the purchasing power of the Iraqi dinar because of the psychological factor that would accompany the switch and this was confirmed by Mr. adviser to Prime Minister Dr. Abdul Hussein Al-Anbuge when hosted in the Economic Committee in the Iraqi Council of Representatives and was his bold and I add my opinion to his opinion and this produces when you switch the product price was very high in numbers at a lower price would create a psychological condition in clinging to price up or huge figure and this will lead to increased prices of products traded by 2% to 5%, while the goods fixed 5% to 15%. If I want to address this increase, it needs to five years, at least if used monetary policy and media are excellent and that will lead us to the purchasing power at today’s prices and this part of the economic logic and philosophy of administrative, financial and cash is not acceptable and stand seriously the direction of this process in the Iraqi Parliament and the Economic and all the political blocs . So we conclude that the new version does not increase the purchasing power of the new Iraqi dinars. The second question: Is the version of the new money reduces the mass of cash or the volume of money the answer is very easy because the process is never reduce mass cash as possible to reduce to a year or two, but the process of all is simply the process of replacing paper money with another example, a ten thousand change the category of the ten dinars Thus, for the rest and here would be an increase in the money supply additional metal is the main purpose of the switch. we conclude that the monetary mass is increasing with the new version in the short term Question three: Is the version you need to minting currency, metal and categories of low-value production more than the value used in addition to carrying the Central Bank of the costs of population and currency printing the new and the costs of the Damage the old currency and the replacement process and the cost of others pending concern the banks, management and staff and this needs time and time itself, the cost and paperwork, and others. Will create problems, especially with instruments, etc. These costs very large it not better to bring these costs for the development of the banking sector is not it more appropriate that we develop our banks to become internationally certified instead of the bank per a TBI-Government banking and trade with the world is not it supposed to develop the Banking and access to deal-mail instead of rely on old ways most of the banks in Iraq and improve it. if the central bank was able to actually make the new Iraqi dinar is equal to the dollar at the rate we are all with the replacement of the Iraqi dinar as the currency has become a strong and corresponds to the dollar. Fourth question: After the review of financial experts has been asked Is the new version affects the traded commodities, fixed, especially real estate. The answer was that the goods fixed prices will rise relatively These linked at the psychological factor, especially if given the replacement process a longer period, for example if a property value 100000000 hundred million van when the replacement will be 100,000 hundred thousand dinars, the seller will sell at $ 120,000 or more or a little less this increase sends reassuring here will be accompanied by psychological and Stock Exchange real estate slowdown in the early years.
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