Expert: the issuance of the two categories of the fifty and one hundred thousand "unfortunate step"

Date: 03/06/2015 16:54



Description economist contrary goldsmith issuing two new categories of the Iraqi currency to "step is successful," noting that these two categories will not reduce the demand for the dollar in the domestic market size.

The jeweler said in a statement to Agence / information /, that "the central bank's intention to issue currencies new step is successful at the moment, because the issuance of this bulletin will cost the state treasury large sums of money in light of the financial crisis experienced by the country, as well as the intention of the bank to delete the zeros of the Iraqi operation, what It means the destruction of these two categories in the near future. "

He added that "This move has some pros on the trading volume of paper and reduce the money supply in the domestic commercial circulation, but it will not eliminate the need for the dollar to the lack of adequate safeguards in the Iraqi dinar against other currencies on the domestic level, as well as the need for merchants to buy goods in dollars from the outside. "

Central Bank of Iraq and the process and intends to issue new paper from the category of 50 thousand dinars and 100 thousand dinars not to grudge measures aimed to revive the local market chain.

The likely parliamentary Finance Committee member Jabbar Abdul Khaliq reduced demand for the dollar in the Iraqi market with a new class version of the local currency.


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