BROADCASTS.com

To see the articles I discuss here and MORE go to: My FX Buddies blog

Moves to delete three zeros from the currency to strengthen the dinar

link    you should click the link and watch the video

There is a video with this article but it is all in Arabic

Moves to delete three zeros from the currency to strengthen the Iraqi dinar in an attempt that economists find difficult to verify with the continued dependence on oil

A number of proposals were recently put forward to address the economic deterioration it is going through Iraq, Among them comes the deletion of zeros from the currency, a step that many find difficult to verify in light of the continued dependence on oil as the only economic resource, as well as the high exchange rates of the dollar against the dinar

After the deterioration of the Iraqi dinar, and the depreciation of its exchange rate against the dollar, there is a lot of talk about several proposals to address the problem.. The most prominent of these proposals is the possibility of deleting three zeros from the local currency, but this step is seen by many as unverifiable, especially with the country's continued dependence on oil as an economic resource Single

What increases the difficulty of implementing such a step is the presence of a number of problems that still exist, represented by the sluggish application of paragraphs in the budget, and the increase in the poverty rate, to complete the knot in the continuous rise in the exchange rates of the dollar against the decline of the dinar.