THE IRAQI RETURN AND A PROPOSAL TO DELETE THREE ZEROS FROM THE DINAR

Prof. Dr. Mustafa Kazemi Najafi Abadi

Hisham Sobeih Zayer Maksousi

Abstract:

       The value of the national currency in each country depends on several factors, including: the position in the global economy, the efficiency and cost of the government, political and legal stability to attract foreign capital, and the depreciation of the national currency leads to psychological, social and health effects, as well as the irrational economic, financial and monetary policies suffered by it. The Iraqi economy for several decades and resulted in negative effects represented in monetary inflation pressures and imbalance in the commodity, monetary and financial markets and the labor market, as well as the deterioration of the standard of living of individuals, which in turn led to distortions in the economic structure of the country as a result of dealing with a large cash block with many zeros and low purchasing power Therefore, the proposals for restructuring the Iraqi currency began by deleting three zeros, and this was the most important content of the proposal to delete zeros to restructure the Iraqi currency, which was presented by the Central Bank of Iraq to restore confidence in the Iraqi currency, which reached its lowest levels, and to indicate the negatives and positives of the proposal to delete the zeros From the local currency, but this proposal, like other proposals, faced support and rejection from different groups, and what I reached This research is an important recommendation to postpone taking action on this proposal due to the lack of clarity about its effectiveness in addressing economic problems. Keywords: (Iraqi currency – delete zeros – inflation)