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Saleh: the market needs to large cash Categories
5/10/15
BAGHDAD / News Network Iraq said Adviser to the Prime Minister of Iraq for Economic Affairs, the appearance of Mohammed Saleh, that 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, pointing to a market need for large denominations, and that Dealing monetary blocs very large in Iraq, especially that cash payments exceed dealing instruments, cards and electronic payments. He pointed out that "the project printed large cash categories not related to monetary policy but the payments system management, pointing out that this plan will be condensed amounts of money especially since large groups constitute 90 percent of the money supply in circulation. "He explained in a statement that" put these large groups is to put the same amount of monthly 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. "" In the case of lending to the government and the issuance of large cash categories can get inflation in prices, as the country suffered a contraction in liquidity both in dinars or in dollars with a block size Cash in Iraq less than 40 trillion dinars (about US $ 31 billion). The traders in the currency market fears of new cash currency high amounts version, pointing out that such a measure would lead to the loss of monetary value it is imperative to aim any actions to activate the economic sectors.
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5/10/15
BAGHDAD / News Network Iraq said Adviser to the Prime Minister of Iraq for Economic Affairs, the appearance of Mohammed Saleh, that 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, pointing to a market need for large denominations, and that Dealing monetary blocs very large in Iraq, especially that cash payments exceed dealing instruments, cards and electronic payments. He pointed out that "the project printed large cash categories not related to monetary policy but the payments system management, pointing out that this plan will be condensed amounts of money especially since large groups constitute 90 percent of the money supply in circulation. "He explained in a statement that" put these large groups is to put the same amount of monthly 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. "" In the case of lending to the government and the issuance of large cash categories can get inflation in prices, as the country suffered a contraction in liquidity both in dinars or in dollars with a block size Cash in Iraq less than 40 trillion dinars (about US $ 31 billion). The traders in the currency market fears of new cash currency high amounts version, pointing out that such a measure would lead to the loss of monetary value it is imperative to aim any actions to activate the economic sectors.
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