College of Industrial Management for Oil and Gas Organizes a Scientific Symposium on (Options to Delete Zeros)

Date: 10 November, 2021

The Department of Oil and Gas Economics in College of Industrial Management for Oil and Gas at Basra University for Oil and Gas organized a scientific symposium entitled “Iraqi Dinar ... From Strength to Weakness: Options for Deleting Zeros”. It hold under the patronage of the President of the University Dr. Mohammed Al-Kaabi and under the supervision of the Dean of the College Dr. Sami Al-Saadi. Dr. Nsief Al-Abadi and Dr. Yousef Al-Asadi lectured the seminar. The symposium aimed to know the reasons of the deterioration of the value of Iraqi dinar. At the beginning of the seventies of the last century, one Iraqi dinar equals more than three US dollars, but today one US dollar has become equivalent to more than 1450 Iraqi dinars. Dr. Al-Asadi tracked the value of Iraqi dinar from 1930 to 2021, and the project to remove zeros from the national currency in terms of pros and cons.