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Economist: the problem of low liquidity includes all of Iraq
THURSDAY, 03 JANUARY 2013 08:11 0 COMMENTS
Economic expert stressed that the crisis reduced the amount of Iraqi currency include all parts of Iraq, and not only the Kurdistan Region, due to widening trade relations with neighboring countries and the transfer of large amounts of currency abroad.
Dr. Khaled Heydari professor at the University of Sulaimaniya told NNA that the low amount of Iraqi currency is due to several reasons the most important out of large amounts of currency to neighboring countries, pointing out that a large number of Iraqi banks did not comply with the instructions issued by the central bank and related to retain a certain percentage of the currency in banks, and its desire to increase profits through the granting of loans, adding that the postponement of traders المديونين to repay their obligations is another reason for the low liquidity in the banks.
He also warned Dr. Khalid increase printed Iraqi currency to overcome the crisis, saying that the increase printed currency will lead to lower its value against other currencies, especially since the Iraqi dinar has good value at the present time, adding that the proper solution to this problem lies issue a decision by the central bank to claim المديونين pay their financial obligations in a specific time and reconsideration Iraqi trade protocols, and to inject liquidity in the market or make a deal to trade agreements in U.S. dollars.
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.radionawxo.org/arabic/index.php/world-news/economec/14024-2013-01-03-08-13-45&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25B9%25D9%2585%25D9%2584%25D8%25A7%25D8%25AA%26start%3D70%26hl%3Den%26lr%3D%26cr%3DcountryIQ%26sa%3DN%26tbo%3Dd%26biw%3D1280%26bih%3D614%26tbs%3Dctr:countryIQ,qdr:d&sa=X&ei=mALmUK67JoqlkgWhsICYAQ&ved=0CEMQ7gEwAjhG
THURSDAY, 03 JANUARY 2013 08:11 0 COMMENTS
Economic expert stressed that the crisis reduced the amount of Iraqi currency include all parts of Iraq, and not only the Kurdistan Region, due to widening trade relations with neighboring countries and the transfer of large amounts of currency abroad.
Dr. Khaled Heydari professor at the University of Sulaimaniya told NNA that the low amount of Iraqi currency is due to several reasons the most important out of large amounts of currency to neighboring countries, pointing out that a large number of Iraqi banks did not comply with the instructions issued by the central bank and related to retain a certain percentage of the currency in banks, and its desire to increase profits through the granting of loans, adding that the postponement of traders المديونين to repay their obligations is another reason for the low liquidity in the banks.
He also warned Dr. Khalid increase printed Iraqi currency to overcome the crisis, saying that the increase printed currency will lead to lower its value against other currencies, especially since the Iraqi dinar has good value at the present time, adding that the proper solution to this problem lies issue a decision by the central bank to claim المديونين pay their financial obligations in a specific time and reconsideration Iraqi trade protocols, and to inject liquidity in the market or make a deal to trade agreements in U.S. dollars.
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.radionawxo.org/arabic/index.php/world-news/economec/14024-2013-01-03-08-13-45&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25B9%25D9%2585%25D9%2584%25D8%25A7%25D8%25AA%26start%3D70%26hl%3Den%26lr%3D%26cr%3DcountryIQ%26sa%3DN%26tbo%3Dd%26biw%3D1280%26bih%3D614%26tbs%3Dctr:countryIQ,qdr:d&sa=X&ei=mALmUK67JoqlkgWhsICYAQ&ved=0CEMQ7gEwAjhG
