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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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mochasmom
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    Parliamentary Finance: the central bank is likely issuance of large coins

    day dreamer
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    Parliamentary Finance: the central bank is likely issuance of large coins - Page 2 Empty Parliamentary Finance: the central bank is likely issuance of large coins

    Post by day dreamer Thu 09 Apr 2015, 10:29 am

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          Thursday   09   April   2015 | 09:38
     
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    Tamimi explained that "the central bank justified the lack of implementation of the project to delete the zeros because this process does not reduce the size of the paper," asserting "the benefit of the largest export categories to reduce the number, to maintain the value of the dinar
     
    Qurtas News / Baghdad
    Parliamentary Finance Committee revealed on Thursday that the Central Bank is likely to issue a large coins in order to minimize the number, while showed that the Bank supports the merger of private banks.
    Said committee member Majda al-Tamimi's "Qurtas News" that "the Commission hosted the Central Bank officials two days ago, to discuss the work of the Bank and its relationship banks, as well as discuss the assets and net reserves of domestic credit and the net in the balance sheet of the bank, and the basis of cash and the impact of increasing oil reserves, which leads to reduce cash basis. "
    Tamimi explained that "the central bank justified the lack of implementation of the project to delete the zeros because this process does not reduce the size of the paper," asserting "the benefit of the largest export categories to reduce the number, to maintain the value of the dinar."
    Tamimi pointed out that "the Central Bank supported the need for the integration of private banks and activation of banking activity, because most of the banks need to support and strengthen its credit and bank transactions."
    Parliamentary Finance Committee, headed by Ahmad Chalabi, the Commission and members of the Committee on April 6 the current central bank governor and his senior staff and hosted.
    The banking system consists in Iraq from 43 banks, as well as the Central Bank, and distributed according to government ownership between seven and 30 waged, including the Islamic seven, as well as six foreign banks which is distributed by Branch 600 in the whole of Iraq.


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    wciappetta
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    Parliamentary Finance: the central bank is likely issuance of large coins - Page 2 Empty Re: Parliamentary Finance: the central bank is likely issuance of large coins

    Post by wciappetta Fri 10 Apr 2015, 4:37 pm

    I'd rather have actual currency in hand but in this electronic age that is fast going away as an option...

    On the other hand holding gold is a safe option....if the entire economy failed gold will be accepted and I suppose silver too as I'm not going to want to fork over gold for simple daily transactions...
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    Parliamentary Finance: the central bank is likely issuance of large coins - Page 2 Empty Re: Parliamentary Finance: the central bank is likely issuance of large coins

    Post by Neno Fri 10 Apr 2015, 4:49 pm

    wciappetta wrote:I'd rather have actual currency in hand but in this electronic age that is fast going away as an option...

    On the other hand holding gold is a safe option....if the entire economy failed gold will be accepted and I suppose silver too as I'm not going to want to fork over gold for simple daily transactions...
    Well true but I am not talking simple daily transactions here. China is not holding our dollar bills I promise you... ;)

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