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Will you succeed in dealing with the rise of the dollar? An economist suggests adding a cash currency other than the dinar to the market
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[rtl]Baghdad / NINA / The expert on economic affairs, Raad Twij, suggested adding a new cash currency to the market to absorb the hoarded dinar and control the rise of the dollar against the dinar.
Twigg said in a statement to the Iraqi National News Agency ( NINA ) that "Iraqi monetary policy has become linked to international monetary policy within the framework of the (Swift) system, which may work to zero currency smuggling operations."
He added that: “At the same time, the Iraqi monetary system suffers from high levels of the Iraqi dinar, which accumulated over a long period, and which turned in a large part into hoarded money,” noting that: “There must be a Corrective monetary process by adding a new currency, and replacing the Iraqi dinar.
He explained that "it is difficult to absorb the surplus and hoarded money supply, which carries with it many monetary risks, especially with the continuous suspension of the general budget, and the absence of a fiscal policy that supports monetary policy for many years, which led to a decline and shortcomings in the economic cycle.”
The economist stressed the necessity: "The measures taken to resist rising prices should be correct in the short term, and to build a long-term monetary strategy for monetary reform."/ End 8[/rtl]
Twigg said in a statement to the Iraqi National News Agency ( NINA ) that "Iraqi monetary policy has become linked to international monetary policy within the framework of the (Swift) system, which may work to zero currency smuggling operations."
He added that: “At the same time, the Iraqi monetary system suffers from high levels of the Iraqi dinar, which accumulated over a long period, and which turned in a large part into hoarded money,” noting that: “There must be a Corrective monetary process by adding a new currency, and replacing the Iraqi dinar.
He explained that "it is difficult to absorb the surplus and hoarded money supply, which carries with it many monetary risks, especially with the continuous suspension of the general budget, and the absence of a fiscal policy that supports monetary policy for many years, which led to a decline and shortcomings in the economic cycle.”
The economist stressed the necessity: "The measures taken to resist rising prices should be correct in the short term, and to build a long-term monetary strategy for monetary reform."/ End 8[/rtl]
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