Economist: Reprinting the coin will reduce the burden of paper damage
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Economist: Reprinting the coin will reduce the burden of paper damage
Admin Sun Aug 25, 2019 10:00 am
Economist: Reprinting the coin will reduce the burden of paper damage
20:14- 24/08/2019
Economic expert Latif al-Okaili said on Saturday that the government's approach to reprinting the currency would ease the burden of damage to banknotes in the markets.
Al-Okaili said in a statement to Al-Maalouma that the use of metal categories and their descent for trading gives a notional value to the currency as it aims to preserve the currency and does not need to request more banknotes, especially those with small categories. "This is a negative indicator of the country's economy."
He added that "the government's approach to reprinting the coin will reduce the burden of damage to banknotes in the market and reprinting again."
With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, "The central bank is tired of a fiscal policy to keep the exchange rate of the dinar against the dollar unchanged for not entering inflation."
The parliamentary Finance Committee, on Monday, announced a trend to re-work in the currency and the removal of zeros from banknotes, in order to strengthen the economy. Finished 25 T.
https://www.almaalomah.com/2019/08/24/425197/
20:14- 24/08/2019
Economic expert Latif al-Okaili said on Saturday that the government's approach to reprinting the currency would ease the burden of damage to banknotes in the markets.
Al-Okaili said in a statement to Al-Maalouma that the use of metal categories and their descent for trading gives a notional value to the currency as it aims to preserve the currency and does not need to request more banknotes, especially those with small categories. "This is a negative indicator of the country's economy."
He added that "the government's approach to reprinting the coin will reduce the burden of damage to banknotes in the market and reprinting again."
With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, "The central bank is tired of a fiscal policy to keep the exchange rate of the dinar against the dollar unchanged for not entering inflation."
The parliamentary Finance Committee, on Monday, announced a trend to re-work in the currency and the removal of zeros from banknotes, in order to strengthen the economy. Finished 25 T.
https://www.almaalomah.com/2019/08/24/425197/
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