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MPs and economists: the currency of the 05 thousand dinars facilitate currency trading

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Rocky


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MPs and economists: the currency of the 05 thousand dinars facilitate currency trading





11/15/2015 0:00

BAGHDAD

said deputies and specialists in economic affairs that the issuance of central bank cash currency from the category of 50 000 dinars comes to control the construction of monetary policy keep pace with economic conditions experienced by Iraq.

The head of the economic and investment commission in the House of Representatives Jawad al-Bolani: fiscal policy The cash you need to issue cash currency category 50 and 100 000 dinars for the construction of monetary policy keep pace with economic conditions experienced by Iraq.

He Bolani »Sabah», that the issuance of monetary categories such as 50 or 100 000 dinars of foreign currencies 50 convergence, or $ 100, stressing that it is an important part of the process of rationalization of currency trading in the paper side. He said the issuance of this paper Activity groups linked to the Central Bank of Iraq, pointing out that any decision in this regard is subject to the Bank's management in line with economic conditions and the need of the country and the market. The MP said the output of the issuance of the 50 cash Alpha normal class process and within the accounts prescribed by the Central Bank of the stability of the monetary policy to tackle inflation and improving the Iraqi economy, noting that the initiatives that the central bank exercised very important to keep the Iraqi cash reserves of hard currency and managed in a manner consistent with the stage, pointing out that Iraq is in dire need to create consensus between fiscal policy run by the Ministry of Finance and monetary policy run by the Central Bank, which, considering that the greater the compatibility objective visions will be financial matters more stable. The new currency and the stability of the market for his part, denied economist Muhammad Honorary contribute the issuance of a class of 50 thousand dinars in the stability of the market, but he stressed that this step will help to facilitate the process of paper currency trading locally. He said the honorary »Sabah»: The version of the new monetary category by the central bank will not contribute to the reduction of instability in the local market, noting that «there are variables in the economic facts on the ground is unstable in the Iraqi economy» .oabbar Honorary fears the exploitation of some traders new cash for the class to raise the cost to the citizen in the consumer, construction and commercial goods, pointing out that «monetary Category presently a 25 thousand dinars longer sufficient to deal them through individual transactions and businesses, while the large cash business is handled through the dollar ». The central bank's policies, in turn, showed a member of the Economic Committee in the House of Representatives Noor Albjara, that the issuance of banknotes 50 thousand Iraqi dinars is part of the Iraqi Central Bank policies to create financial stability, indicating that despite the difficult economic situation in Iraq, but there is a policy Atnejha Bank about the deterioration Economic. She Albjara »Sabah»: The plans are consistent with the Iraqi economic reality would avoid the economic arena a lot of risk that may result from the issuance of high category of cash unexpectedly thoughtful. She MP that create visions in line with the Iraqi economic reality of by the Ministry of Finance and the Central Bank through the development of well thought out plans would be a wall to fend off economic crises, stressing the importance of activating the investment and facilitate the investors to enter in order to assign Iraq economically. consequences of issuing currency This researcher believes economic and political affairs Rahim al-Shammari, said the move to issue cash currency In this high-value must be subject to evaluation and research and study of all the experts, researchers and academics, economists, calling for the need to organize a research poll flour before being printing and placing on the market. He suggested Shammari hold an expanded conference and specialized workshops to exit the final outcome and the recommendation of the Executive all contacts to report the new currency launch or not, indicating that this Based of the foundations of fiscal and monetary policy and international studies. He stressed Shammari in a statement »Sabah», that the consequences of a cautious significant negative consequences before making any greater than the higher currency is the currency in circulation in the country, noting that the issuance of this monetary category will increase the balance in Iraqi dinars to the extent of 60 percent, and this is what might constitute crises and problems and speculation affect the exchange value and purchasing power price. Among Shammari said there are many risks for the issuance of cash category doubling of the highest circulation category in the market will not be able to detect, but the study and repeated search the universe Currency trading did not come up until now, and this is what makes Iraq a country up the economic and financial thinking to the utmost precision and maintain the country's economy. The Central Bank of Iraq, on Wednesday, issued a new banknote fifty thousand Dinars category, attributing this to the completion of the Iraqi Securities monetary structure and the development of high value in the trading category.


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Rocky


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