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CBI offers a project to print large cash categories
5.12.2015 12:11
Baghdad
Adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, revealed 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 that "Project Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country's economy," as described, pointing to "the market need to large groups, because cash payments exceed dealing instruments, cards, e-payment ".
Saleh continued that "printed large cash categories of project is not about monetary policy but the payments system management, and that the plan would be reduced cash amounts especially since large groups constitute 90 per cent of the money supply," noting that "put these large groups is to ask how much Monthly itself of the money supply in the market but different categories, and not increase the original amount. "
He ruled out the possibility for inflation by the implementation of the new project, but in the case 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 total money supply in Iraq size less than 40 trillion dinars (about 31 billion dollars). "
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5.12.2015 12:11
Baghdad
Adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, revealed 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 that "Project Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country's economy," as described, pointing to "the market need to large groups, because cash payments exceed dealing instruments, cards, e-payment ".
Saleh continued that "printed large cash categories of project is not about monetary policy but the payments system management, and that the plan would be reduced cash amounts especially since large groups constitute 90 per cent of the money supply," noting that "put these large groups is to ask how much Monthly itself of the money supply in the market but different categories, and not increase the original amount. "
He ruled out the possibility for inflation by the implementation of the new project, but in the case 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 total money supply in Iraq size less than 40 trillion dinars (about 31 billion dollars). "
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