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Economist: more than 80% of the cash in circulation went to Qasat citizens
7/17/2015
اBAGHDAD / .. stressed the economic expert on behalf of Antoine, Thursday, the withdrawal of more than 80% of the circulating in the Iraq currency, amounting to 400 trillion dinars, to Alqasat own citizens because of the citizen's confidence in the banks that have found themselves in front of a big liquidity crisis, prompting them to withdraw their money from banks and deposited in a private QasatSaid Antoine's "Eye Iraq News",
"The liquidity experienced by the country's crisis require the cooperation internally to provide currency through deposit being done by the citizen and provide a large savings in the home government can tackle the task of economic crises through", adding that "Governments the relay failed in the formation of mutual trust between them and the citizens, especially as the systems (Visa) and (Credit Card) and smart cards is disabled in the country, making it the knot in front of citizens' savings. "
He said economic expert, said "there are suggestions that the government help solve part of the liquidity crisis, including the proposal of Prime Minister Haider al-Abadi reduction of the three presidencies and staff salaries of special grades or savings equal to 10% of their salaries", adding that "this liquidity sings government external borrowing, which imposes some onerous conditions on the state, such as fuel prices or energy and the ration card. "
Parliament voted in January 29, the Budget Law 119 trillion dinars and a deficit of 25 trillion, to announce later austerity measures for the budget of the year 2015, and I came to external borrowing visits during the first half of the year, prompting the proposal "Optional savings" excess benefits stimulate citizens as a step to provide liquidity and to address Alazmh.anthy / 8
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7/17/2015
اBAGHDAD / .. stressed the economic expert on behalf of Antoine, Thursday, the withdrawal of more than 80% of the circulating in the Iraq currency, amounting to 400 trillion dinars, to Alqasat own citizens because of the citizen's confidence in the banks that have found themselves in front of a big liquidity crisis, prompting them to withdraw their money from banks and deposited in a private QasatSaid Antoine's "Eye Iraq News",
"The liquidity experienced by the country's crisis require the cooperation internally to provide currency through deposit being done by the citizen and provide a large savings in the home government can tackle the task of economic crises through", adding that "Governments the relay failed in the formation of mutual trust between them and the citizens, especially as the systems (Visa) and (Credit Card) and smart cards is disabled in the country, making it the knot in front of citizens' savings. "
He said economic expert, said "there are suggestions that the government help solve part of the liquidity crisis, including the proposal of Prime Minister Haider al-Abadi reduction of the three presidencies and staff salaries of special grades or savings equal to 10% of their salaries", adding that "this liquidity sings government external borrowing, which imposes some onerous conditions on the state, such as fuel prices or energy and the ration card. "
Parliament voted in January 29, the Budget Law 119 trillion dinars and a deficit of 25 trillion, to announce later austerity measures for the budget of the year 2015, and I came to external borrowing visits during the first half of the year, prompting the proposal "Optional savings" excess benefits stimulate citizens as a step to provide liquidity and to address Alazmh.anthy / 8
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