Member of the board of Post Bank public Co.: banking offices have an important role to remove the currency zero

Member of the board of Post Bank public Co.: banking offices have an important role to remove the currency zero
Banking offices in towns and villages can play an important role to remove three zeros.

PR of the Ministry of ICT - Dr. Kateb, member of the board of Post Bank public Co. said:" We can preserve the value of currency as well as raising it's power with electronic money development and electronic purse replacement so, 14 thousand post bank offices can play an important role to conduct economic important projects".
He pointed to the long history of removing three zero of the country and said : "Some economic experts believe that modify or delete a few zero from the currency is a national economic need to facilitated trade exchanges and it has been considered as the central bank agenda from years ago".
Dr. Kateb emphasized: "during the current year, changing the currency has been discussed by economic officials and parliament members and believed that it can reduce the inflation rate just like Turkey".
Member of the board of Post Bank of Iran said: "According to the economic views, the currency high volume cause difficulty for changing it to the products and also it can be a factor for inflation but it should be noted that increasing e-money growth has reduced the effect of high volume so, the inflation effect has been fallen by replacing the electronic money instead of paper money".
"The most important program for economic development was begun with subsidies targeted in 1389 and fortunately was already successful so, it should be noted that removing three zero can be useful beside other economic programs provided that its effects measured correctly", Dr. Kateb said.

May 24, 2011 13:10

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