Mon, May 11, 2015 09:11
BAGHDAD / Baghdadi News / ... Prime Minister for Economic Affairs Advisor to detect the appearance of Mohammed Saleh that the central bank provides to the draft printing large cash categories need to market to those groups.
Said Mohammed Saleh in a press statement I followed / Baghdadi News /, "The draft Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country's economy, noting the market need for a large cash categories, and to handle a very large monetary blocs in Iraq, especially that cash payments outweigh the instruments to deal cards and electronic payments. "
"The printed large cash categories project is not about monetary policy but the payments system management, pointing out that this plan will be condensed amounts of money, especially large groups that make up 90 percent of the money supply in circulation."
"The launch of these large groups is to put the monthly same amount of money supply in the market but different categories, and not increase the original amount. He ruled out the potential for inflation by the implementation of the project, pointing out that the central does not lend the government said, in the event of lending to the government and the issuance of categories large cash can get inflation in prices, The country suffered a contraction in liquidity, whether in dollars or dinars in cash Abalg bloc in Iraq size less than 40 trillion dinars (about US $ 31 billion). "
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