Economist: much talk about the deletion of zeros from the currency caused price instability
Baghdad (news) .. Between economic expert as beautiful, that the main reason for the fluctuation of prices of goods and foodstuffs in local markets due to the frequent talk about the project to delete the three zeroes from the currency, which led to a situation of chaos in the Iraqi trader.
Jameel said in a statement to the Agency (news) today Wednesday: that the causes of the instability of commodity and food due to the frequent talk about the project to delete the three zeroes from the currency, by the Central Bank and the government, making the owners of wealth and traders tend to buy gold, sell or hold the dollar or dinar and this leads to fluctuations rapidly prices of materials and goods.
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The beautiful that the price of oil is also non-static world as a result of being considered a staple of power in the world, in addition to being subject to the issue of supply and demand.
The economist is that Iraq today has become closely linked to global markets, any change or effect of affecting these markets, it will affect the local markets and directly through the prices of goods and materials, adding to the difficulty of keeping the price of gold because it is the purchasing power of the currency.
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