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Economist: employees' salaries to the dollar exchange rate is just proposals
11/13/15
BAGHDAD - and babysit- said economist Star-Bayati, that the issue of employees' salaries to the dollar exchange rate was just hearsay and suggestions.
He said al-Bayati said "implementation of this resolution and this approach and we deal in dollars and give salaries to the dollar this mean for" dollarization "of the Iraqi economy, and the dollar to replace the Iraqi dinar," noting that "the national currency is an expression of the Iraqi national sovereignty," among "This It has not been raised in earnest, at least at this stage. "
He pointed out al-Bayati said "Iraq is now in the process of issuing a new currency fifty thousand dinars category, and this means higher inflation rate, and the trend to bring the dollar replace the Iraqi dinar is incorrect decision and erase the right of the national currency as an economic sovereign country."
He said al-Bayati said "the central bank put something on the issuance of a new category of cash is 50 thousand dinars", saying that "the money supply in the Iraqi market in the current period is too large and thus is the new category issued the fifty thousand dinars instead of the previous resolution, a deletion of zeros from the currency."
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11/13/15
BAGHDAD - and babysit- said economist Star-Bayati, that the issue of employees' salaries to the dollar exchange rate was just hearsay and suggestions.
He said al-Bayati said "implementation of this resolution and this approach and we deal in dollars and give salaries to the dollar this mean for" dollarization "of the Iraqi economy, and the dollar to replace the Iraqi dinar," noting that "the national currency is an expression of the Iraqi national sovereignty," among "This It has not been raised in earnest, at least at this stage. "
He pointed out al-Bayati said "Iraq is now in the process of issuing a new currency fifty thousand dinars category, and this means higher inflation rate, and the trend to bring the dollar replace the Iraqi dinar is incorrect decision and erase the right of the national currency as an economic sovereign country."
He said al-Bayati said "the central bank put something on the issuance of a new category of cash is 50 thousand dinars", saying that "the money supply in the Iraqi market in the current period is too large and thus is the new category issued the fifty thousand dinars instead of the previous resolution, a deletion of zeros from the currency."
[You must be registered and logged in to see this link.]
