Tuesday, December 13, 2011

Nov. 2010 ~ IMF and Iraqi Finance: Delete the zeros of the local currency enhances the value of the Iraqi dinar in the International Monetary Fund ...

November 19, 2010

Finance: Delete the zeros of the local currency enhances the value of the Iraqi dinar in the International Monetary Fund

Palms - The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of the Iraqi dinar in the International Monetary Fund.

The chancellor said the Ministry of Finance Zia Alckheon that the survival of the current currency and the current status would not address the question of the economic gap taking place in the Iraqi dinar as it will increase the burden on the local economy.

The International Monetary Fund expressed support for the Iraqi economy in the event of having a number of economic measures, including privatization of banks and raise three zeroes from the currency and solvency.

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