Economist: 6% inflation rate and raise zeros from the currency will not be less,
02/12/2011 11:11

Baghdad, December 2) Rn) - Iraqi economic Zkrkhbayr that the rate of inflation in the market and the banks at the moment of 6 percent and the lifting of the three zeros from the local currency will not affect the size of the inflation in Iraq.
Said Dr. Abdul peace gesture Said, a professor at Baghdad University / College of Business and Economics, told the Kurdish news agency (Rn) said Friday that "lifting the three zeroes from the local currency will not affect inflation in the Iraqi market, but will work to find the mobility of economic more effective than existing currency."

"The inflation rate in the market and banks now not as portrayed by some who see it as of 6%," but he also said, "It is not a frightening rate can affect the economic growth in the country."

The Iraqi Central Bank has already announced its intention to raise three zeroes from the currency in order to reduce inflation and to increase our value of Iraqi dinar. The bank said at the time he was nearing the completion of the project raise zeros from the currency, noting that a strategic project will be submitted to the Council of Ministers and House of Representatives in the event of completion.