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Economists (people): raise the value of Iraqi dinar gradually Segnbh disrupting the market
Posted 13/12/2011 03:34 PM
Baghdad:
Has directed the CBI to revalue the dinar to increase the demand for it recently against a decline in demand for foreign currencies in the domestic market, in return the bank denied the existence of any intention to make sudden changes lead to damage to the Iraqi economy.
Economists said in remarks to (people) that the reason for inconsistencies in the statements of the Ministry of Finance and Central Bank of Iraq to raise the value of the dinar is due to the different policy of central bank policy of the Ministry of Finance, which they described non-effective, in respect of a way to support the dinar by injecting large amounts to the market, critics at the same time the central bank's policy of withdrawing cash from the market.
He called for an economist Asad bugsbunny to raise the value of the dinar, but gradually, so as not to cause confusion to the market. The bugsbunny told (people) should speed up the implementation of deleting three zeros from the currency paper in order to reduce inflation and create a budget real dinars, compared to foreign currencies, indicating that despite the substantial improvement of the Iraqi economy, but the pricing of the dinar stopped at a certain point does not consistent with the amount of oil exports and strategic stockpiling cash in Iraqi banks worldwide.
He confirmed that the deletion of zeros bugsbunny will help to widespread use in the local currency traded in the market with large amounts of money and will open prospects for the transfer of funds more easily. He noted that the deletion will help the economic recovery will work on the use of coins as the amount of JD 1000 could become the currency of a small iron.
He also encouraged economic analyst Mohsen Areda idea to delete the zeros from the currency, said that many of Iraqi experts and experience the great subject diagnosed with a diagnosis directly, especially after the decline in the economy to the low limit of the nominal value. And select Areda told (people) and there are two types of nominal value of the first and second real, stressing that the adoption of the nominal value to achieve the purpose of the real value of the standard as the foundation upon which to build the Iraqi economy.
Bidder did not hide his fear of the process of removing three zeros from the currency, he will affect the market dramatically, calling for study of dimensions of the subject extensively to overcome any gag can affect the Iraqi economy. He pointed to the need to calculate the impact of this process to calculate the value of securities and stocks and transactions are on credit before the process of deletion of zeros.
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Posted 13/12/2011 03:34 PM
Baghdad:
Has directed the CBI to revalue the dinar to increase the demand for it recently against a decline in demand for foreign currencies in the domestic market, in return the bank denied the existence of any intention to make sudden changes lead to damage to the Iraqi economy.
Economists said in remarks to (people) that the reason for inconsistencies in the statements of the Ministry of Finance and Central Bank of Iraq to raise the value of the dinar is due to the different policy of central bank policy of the Ministry of Finance, which they described non-effective, in respect of a way to support the dinar by injecting large amounts to the market, critics at the same time the central bank's policy of withdrawing cash from the market.
He called for an economist Asad bugsbunny to raise the value of the dinar, but gradually, so as not to cause confusion to the market. The bugsbunny told (people) should speed up the implementation of deleting three zeros from the currency paper in order to reduce inflation and create a budget real dinars, compared to foreign currencies, indicating that despite the substantial improvement of the Iraqi economy, but the pricing of the dinar stopped at a certain point does not consistent with the amount of oil exports and strategic stockpiling cash in Iraqi banks worldwide.
He confirmed that the deletion of zeros bugsbunny will help to widespread use in the local currency traded in the market with large amounts of money and will open prospects for the transfer of funds more easily. He noted that the deletion will help the economic recovery will work on the use of coins as the amount of JD 1000 could become the currency of a small iron.
He also encouraged economic analyst Mohsen Areda idea to delete the zeros from the currency, said that many of Iraqi experts and experience the great subject diagnosed with a diagnosis directly, especially after the decline in the economy to the low limit of the nominal value. And select Areda told (people) and there are two types of nominal value of the first and second real, stressing that the adoption of the nominal value to achieve the purpose of the real value of the standard as the foundation upon which to build the Iraqi economy.
Bidder did not hide his fear of the process of removing three zeros from the currency, he will affect the market dramatically, calling for study of dimensions of the subject extensively to overcome any gag can affect the Iraqi economy. He pointed to the need to calculate the impact of this process to calculate the value of securities and stocks and transactions are on credit before the process of deletion of zeros.
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