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Oct 7, 2024 | دەنگ و باس
سەرەکی > گوتار > دەنگ و باس > A symposium entitled: The process of deleting zeros and its impact on the state economy
A symposium entitled: The process of deleting zeros and its impact on the state economy

On (Oct 7, 2024) in the presence of the head of departments and lecturer a symposium entitled (The organizational framework of the government accounting system), was presented by Assistant Lecturer (Mr. NECHIRWAN BURHAN ISMAEL) the Rapporteur from the Accounting department, Where it has been explained about Removing zeros from currency is a procedure undertaken by some countries with the aim of revaluing the national currency and simplifying financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable. Examples of countries that have done this include Turkey in 2005 when it removed six zeros from its currency, Brazil on several occasions in the 1980s and 1990s, Zimbabwe, which removed twelve zeros from its currency in 2009, and Venezuela, which removed five zeros in 2018. The number of cases in the world in which zeros were removed from the currency is estimated at 70 cases that the world has witnessed since the year, At the end of the symposium a set of questions and answers were raised on this subject