18 October 2010
Delete the zeros - Do you revive Dinarena?
The efforts of the Iraqi Central Bank to raise three zeroes from the Iraqi currency and the currency exchange is a procedure that does not have any scientific value or process not be desired than any positive impact on the real problems facing the economy
Including simultaneous unemployment and inflation in the country of dilapidated infrastructure and hastens production semi-disabled, and there are hundreds of problems and issues that have priority ahead of the lifting of the zeroes from the currency.
Supposed to think the central bank and the Ministry of Finance and any adopted an economic decision, and seeks to solve, and he must strive to support the real side of the economy to support the efforts of production and operating and investment and give all facilities to ensure this, not to escape to the procedures that is irrelevant, said the move was purely as a deceptively cash will be located simple in Mshehadth, which reflects the upheaval in the wishes of the buying and selling is reflected in disruptions price quickly disappear when he realizes the citizen that (thousand dinars) of income became (JD 1) In contrast to a kilogram of tomatoes, which was obtained by (a thousand dinars) became buy b (1 KD) is not only, and that the level of living has not changed and that its purchasing power has not changed and that his dreams of salvation from poverty measures the monetary authority is nothing but (the cash) and the zeroes of the three did not have any effect either remained on the paper money or raised it, as long as The pocket did not weigh the development of zeros did not hide the lifting, a decision that was not deliberate at the wrong time, you may think of him after 20 or 30 years old when we build the country and address the imbalances and structural raise the standard of living of people to the degree of sophistication and luxury to live in health insurance, life insurance and compensation unemployment for those who can not find work, create conditions where retirees spend their time in the travel and leisure time to look kind of currency and its figures zero strain the mood of traders, just as is the case with Sweden now (for example).
The pioneers of this trend of the brothers customers do not have convincing arguments to Isoukoha citizens when they talk about is not a priority in any economic Iraq as there were not other hidden agendas, perhaps we do not know.
It is no secret on one of the size of the manipulation is likely when you replace the currency and the memory of the Iraqis are still alive and count, which happened in the replacement of the former currency in 2003 and there will be windows wide open fluent Almterpon the art (putting obstacles) and the creation of stories and movies that deceive their customers in order to rob them. Just as no secret that the currency printing high quality specifications in certain countries to prevent damage and tampering, forgery, and other, which makes the cost replacement high, including that Iraq from countries with cluster large cash as it covers all transactions in cash because of the failure habits banking in the public and lack of the monetary authority for the development of those habits during the past periods, as well as its limitations in creating and spreading the means of handling other (quasi-money - Rtat different), the currency exchange will cost an additional burden and perhaps an opportunity for corruption. I am personally and with fairness and with the utmost scientific objectivity and moral proved wrong action to change the currency at this stage where they can not stand against the queue (spoilers) but I am praying that it is possible direction of the (concerned) to the feasibility of automation of the banking system and find ATMs and electronic funds transfer and electronic trading and overcome classic functions of banks to the functions of modern and modern tools, and development of risk management and credit system to support development efforts and reconstruction, and these areas will benefit the country and citizens time and assets that are eroding inflation that we have been half that emanated from the shock of view the economy is suffering from Iraqi and stops machine production, as well as Elv being driven by high inflation of production due to the collapse of the infrastructure system and the decline of public services, including security and a complete absence of any external economies and the real reasons are supposed to address the procedures for real and not just delete the zeros.
Advisor to the Prime Minister for Economic Affairs
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