deletion of three zeros from the Iraqi currency will sign a

[POPPY]

deletion of three zeros from the Iraqi currency will sign a citizen under the illusion of money cash
Expert economic: the deletion of three zeros from the Iraqi currency will sign a citizen under the illusion of money cash


20/02/2010 17:42
20/02/2010 17:42


????20????/??????(???????)- ???? ????? ???????? ??????? ?????? ?? ??? ????? ????? ?? ?????? ???????? ????? ??????? ??? ????? ????? ??????.
Dohuk February 20 (AKnews) - The Iraqi economic expert, Saturday, that the deletion of three zeroes from the Iraqi currency will sign a citizen under the illusion of money in cash.



????? ???? ????? ?????? ??????? ??????? (???????) ?? "???? ???????? ???? ???? ?? ???? ??????? ??????? ?? ??? ??? ????? ????? ?? ?????? ??????? ?? ????? ??????? ????? ????? ??? ????? ????? ?????? ??????? ??????".
The peace Smeisim told Kurdistan News (AKnews) that "the most negative aspects that can affect the Iraqi citizens in the event of the deletion of three zeroes from the current currency is the emotional impact and the occurrence of the individual under the illusion of money and monetary shock injury."



?????? ?? "?? ??? ????? ????? ??????? ????? ?????? ??????? ??? ????? ??? ???? ?? ??? ???????? ?? ???? ???????? ?? ?????? ?????? ?????? ??? ??????? ???????".
It explained that "all this will be a result of collision with the value of the new currency after the deletion, which leads him to believe that the value of its assets had fallen by zeroes divided by three."



???? ????? ??????? ??????? ?? ???? ?? ??????? ?????? ?? ????? ??? ??? ????? ????? ?? ?????? ???????? ?? ??? ??????? ??????? ??????? ?????? ???? ??????? ????????.
The Central Bank of Iraq announced last week a plan to complete the deletion of three zeroes from the Iraqi currency in order to restore the Iraqi dinar value against foreign currencies.



???? ????????? ?????? ????????? ?? ??? ???? ?????? ???? ??????? ??? ???????? ??????? ?????? ????? ??????? "??? ???? ???????? ??? ????? ????? ????? ?????? ??? ?????? ?????? ????? ???? ???? ????? ??????? ??? ??? ?? ?? ? ?????? ?? ??? ????? ???? ?????? ??? ????? ? ????????".
On the hiring economists from the countries of Iraq prior to this experience, such as Brazil and Turkey, she Smeisim surprising, "but enough of our dependence on IMF experts so we draw on experts countries that have implemented the solution to the tips of the Fund and what the solution is mainly the same countries that I mentioned, with Turkey and Brazil" .



????? ????? ??? ?? "???? ?? ???? ?? ???? ???? ?? ????? ??? ??????? ??? ?????? ??? ?????? ????? ???? ?????? ?????? ??? ???? ?????? ????????? ?? ???? ???? ??????? ?????? ??? ???? ????????? ??? ??? ???? ??? ???? ??????? ?????? ???????? ??????? ???? ??? ??? ?????".
Smeisim and stressed that "the most dangerous thing that can be referred to is the cost of printing the currency, because Iraq had bitter experience during the previous regime and the economic blockade since the value of the dinar to its lowest levels of Iraq was not even cover the cost of printing and the Iraqi economy is still paying for it dearly" .



???? ??????? ??????? ?? ??? ??? ???? ???????? ???? ??????? ???????? ?? ????? ?????????? ?? ????? ?????? ????? ???? ??????? ?????? ????? ???? ?? 3000 ?????? ??????.
The Iraqi dinar has reached its lowest level against the U.S. dollar in the mid-nineties of the last century when it became one dollar corresponds to more than 3000 Iraqi dinars.



???? ????? ??? "?? ????????? ???????? ????? ?????? ?? ????????? ?????? ? ??? ????????? ????? ???????? ?????????? ?? ???? ??? ?????? ??????? ??? ???????? ????? ????? ????? ????".
Smeisim believes that "with the allegations of government reported a decline in public revenue and the weight of old debts and economic balances, I do not know how the government would take on such burdens may have hidden sources."



???? ?? ???? ?? ???? ????? ??????? ?? ??? ???? ?? ??? ????? ?? (????????) ???? ??????? ?? ??? ??? (?????) ?? ????????? ???? ????? ??? ?? "?????? ??? ????? ??? ???????? ???????? ?? ?????? ??? ??? ???? ????? ????? ???? ??? ????? ?????????? ????? ?????? ??????? ????? ???????? ???????".
And about what can affect the impact of the Iraqi individual myself in case he discovered that (millions), which is no longer owned only (thousands) of Iraqi dinars, Smeisim noted that "it would be a reflection of savings in the banks, here comes the fears of a slide is a significant segment of retirees will be affected as well as term transactions and financial markets. "


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And went on to say: "It will need a period to adjust and to absorb the impact on the price of shares and securities and that will affect the stability of the market."

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She stressed that "crises of the Iraqi economy carry enough frustration, so the time is not appropriate at all for such a change in particular, and we are on the threshold of a number of the most important Alantkhabyat legislative changes and the withdrawal of American forces."

www.aknews.com/ar/aknews/2/116759/ - 6 hours ago

http://www.google.com/url?sa=t&sourc...17e8xDvCcqUWBw

[IcemanSC]

Good post, thanks.