Raising the Zeros will not improve the value of the Iraqi Dinar

[LazySusan]

Said an economic expert member of the Iraqi National Coalition Smeisim peace: "The lifting of the zeroes will not be an improvement in the value of the Iraqi currency as the illusion of the Iraqi individual strength of the currency or to breathe life into the Iraqi dinar."

She told the National Iraqi News Agency / NINA /: "The process of removing the zeroes are the readjustment of the Iraqi currency and beautify its image without improving the real value".

She said: "The nominal value of the standard did not reflect the real value of the currency or power, and, therefore, fall into the trap of illusion citizen cash. When you tell him you will get a salary of 100 thousand dinars, that is the nominal income The income is the amount of real goods and services that that person can get them through use of this income. and then value of zeros here has nothing to do with it as well as if you omit the fact is the same yellow. "

It stated: "The value of the currency is related to the economy as a whole, the situation of scales external deficit or surplus is the most important factor. And the presence of the deficit in the external balances help decrease the value of the currency by increasing the demand for foreign exchange in order to fill this deficit and its obligations . In other words, increased demand for foreign exchange is a direct impact on determining the value of the currency and economic status. "

Reported: "The strengthening of the currency depends on many factors. And playing with zeroes is not to save as much currency as cash to address the mentality of a trader to monetary union, the Iraqi and trying to sow hope in the hearts of Iraqis that does nothing but will not improve the economy and our budget deficit and where this balance of payments is suffering from economic mismanagement in all joints. will not work, but the performance of a new representative first, and least the factual lives of ordinary citizens that make it a target for monetary illusion trap that income improvement and the value was higher than ever before. "

The sources in the Central Bank announced that the end of this year will see the lifting of the zeroes of the Iraqi currency

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[Kimwil2]

Ummmmm, thanks......I guess.......

[raynard01]

We won't find out what it all means until after the elections anyway. Hopefully it will RV before the end of the year!

[crank7]

Lets stick with positivity or negativity!!!!!!