Baghdad Shatha Faraj
The Central Bank of Iraq near the Issuance of a class of (50) thousand dinars and facilitate trading, and select the end of the year deadline to put this decision into practice, which raised many questions about the importance of this step economic and trade dimensions, between those who asserts that it is not merely about a limited effect, or believed to be involved in a reformist program of far-reaching impact ..
have to get us these views to the group of experts in the fields of economy and finance in order to explain the implications and importance of the trading session class thousand dinars at this time. reduces the burden Majid picture (economist) told us, saying, : »that the version of the class of (50) thousand dinars has no affect on the market and the economy at all, because this has to do with system of payments and the issuance of that currency eases Alabye large commercial operations». The picture saying: »nothing to do with the exchange rate and development and thus benefit to improve the functioning of payments and that by shortening the currency and facilitation which does not affect even simple with low-income citizens and dealing is the same as the Iraqi currency, rather than to pay cash in the currency of the smaller will be paid by the biggest currency, according to the market need, and I, too, with the release of the 50 category that and her husband soon in circulation. Ahsan Yasiri (Director General at the Central Bank) says: «that the version of the class of (50) thousand dinars hoped to be in mid-December of 2015 or before and shortly followed by the Issuance of a class of (100) thousand dinars We have thus put ground sober and high transactions through these two categories is likely to do without them for the dollar ». positive sign Yasiri added» that the issuance of the currency index positively because the Iraqi currency from high-balance currency but a small structure Vvih (25) which corresponds to the (21) dollars have citizen to carry a dollar for easy handling and upload and if we issued a category (50) or (100) will be the structure of a comfortable and dealing better ». The Yasiri, saying: »that this version does not affect the exchange rate and not related to him at all but Humajrd means to store value, but does not affect the local market transactions on the contrary, it is a a great benefit for the owners of high salaries. »is not a problem Ibrahim al-Mashhadani (economist) told us saying:« that the issuance of this currency does not affect much on the domestic market and does not represent a problem and never We are in Iraq and through the Central Bank of Iraq, we had the idea of reducing the (zero) of the currency as happened in Iran, Turkey and a lot of countries, but in Iraq the work done to the belief of many people not being that it will leave the problem in the market ». Mashhadani added» that the amount of money in circulation now, and that nearly 40 trillion dinars rose more arrived in the 50th, for example, will be the citizen status of well-being more and during a certain segment of society though the discharge process will be a little tough on the citizen or a simple employee but it will be a benefit to the dealer and the Iraqi investor ». monetary policy Mashhadani noted« that this category would be the share of employees with high salaries and private presidencies and three members of Parliament, ministers and officials. This Released to the category of the fifty thousand is a monetary policy within the fiscal policy, which in turn lacks harmony with each other and must be coordination between these two policies in order to advance the process of development, investment and control inflation. »
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