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Adviser to the Prime Minister: the central bank offers to print large cash categories of market need her
05/11/2015
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.
Mohammed Saleh, said in a press statement I followed the news agency: "The project of the Iraqi Central Bank printed large cash categories, an important step on the road to monetary reform, which supports the country's economy."
He pointed out: "The market need for large denominations, and that the deal is too large monetary blocs in Iraq, especially that cash payments outweigh the instruments to deal cards and electronic payments."
Saleh added: "The project printing 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 large groups that make up 90 percent of the money supply in circulation."
Saleh pointed out: "The launch of 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."
He pointed out: "The Central does not lend the government and said, in the event of lending to the government and the issuance of large cash categories can get inflation in prices, The country suffered a contraction in liquidity both in dinars or in dollars with Abalg monetary bloc in Iraq size less than 40 trillion dinars (about 31 billion dollars) "./ Nhih.r.kh
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05/11/2015
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.
Mohammed Saleh, said in a press statement I followed the news agency: "The project of the Iraqi Central Bank printed large cash categories, an important step on the road to monetary reform, which supports the country's economy."
He pointed out: "The market need for large denominations, and that the deal is too large monetary blocs in Iraq, especially that cash payments outweigh the instruments to deal cards and electronic payments."
Saleh added: "The project printing 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 large groups that make up 90 percent of the money supply in circulation."
Saleh pointed out: "The launch of 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."
He pointed out: "The Central does not lend the government and said, in the event of lending to the government and the issuance of large cash categories can get inflation in prices, The country suffered a contraction in liquidity both in dinars or in dollars with Abalg monetary bloc in Iraq size less than 40 trillion dinars (about 31 billion dollars) "./ Nhih.r.kh
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