November 13th, 2015
BAGHDAD - Hussein Saleh
Raad said economist Twigg, said the group put up cash 50 000 Iraqi dinars to the cash market is a big detriment factor for the market.
And the movement of "Euphrates day" for Twigg said, that put this cash to the money market category contrasted with the idea of deletion of zeros, but is to add zeros and then will become the defense of the Iraqi dinar by asking more of hard currency and become useless loss two losses. "
He added that "This currency has sparked inflationary and it was possible to be done to meet the cash needed to expand appropriate small monetary categories as 5,000 dinars and 10,000 dinars," explaining that the increase in the money supply excessively will be accompanied by an increase in the demand for cash after the low value and continue the loop in the expansion.
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Last edited by Rocky on Sat Nov 14, 2015 10:25 am; edited 2 times in total