The feasibility of the new denominations

Author: Yasser incumbent

6/21/2015 0:00

Iraqi Central Bank plans to issue a monetary categories Jdedeh between 50 thousand and 100 000 dinars, this decision came against the backdrop of the need for such groups to enhance the role of the national currency and the equivalent of $ 100 in terms of possession currencies and carry on the current level and worth in terms of value on the strategic level with the attainment decision to delete the three zeroes in the future.

This syndrome is highly controversial among circles of experts on the one hand and among the pioneers of clients and cash and trade market on the other hand, interpretations and fears of everyone and to feel from not being able to go into such an experience.

But the Iraqi Central Bank left the door open for discussion with an area of ​​sufficient time to discuss the extent of the ability to implement this resolution and its economic feasibility selected early next year in 2016 to implement a proactive step to reducing interpretations leading to thwart or infanticide project before his birth.

Well did the central bank announcing full transparency and Ptoukitat enough to enrich the decision and saturation of his birth natural birth and caesarean section is not, as in some of the decisions that have faced failure.

However, this length of time allocated by the central bank before the implementation of the resolution should not pass without the intensification of the ongoing discussion with stakeholders and experts concerned with the market, inter businessmen, traders and bankers from being implemented and they Evaluative.

Therefore, the central bank is invited to organize seminars and panel discussion in cooperation with the Iraqi private banks and organizations, the Association of economic affairs to enrich this important decision and saturated debate until near the implementation of the shows are easy to implement.

The success of monetary policy is based on studies and analysis of phenomena and economic variables is also based on the experiences have preceded us in Track delete the zeros and the issuance of currency, taking into account the circumstances in the country, but I miss the central bank Pal these observations but the reminder in the midst of work and economic variables pressure.

We find in this area is provided by the Central Bank appropriate to view and evaluate the advantages and disadvantages of the decision an opportunity and then correct the error that afternoon and this from the virtues of clear discussion of the contents of the decisions.

The issue categories resolution paper currency and new this scale reflects the extent of the insistence of the central bank to achieve monetary stability and raise the value of Iraqi dinar as in other procedures to maintain the stability of exchange rates, but this needs to be accompanied by measures to achieve the goal, including control of all means of exchange rates available.

This Mapdi work actually done.


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