Views on ways to absorb the large money supply

by **Proven** Thu 14 May 2015, 11:35 am

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Post n°1

Views on ways to absorb the large money supply

by Proven Thu 14 May 2015, 11:35 am

First topic message reminder :

Views on ways to absorb the large money supply

Leila Ahmed

14.05.2015

The views of specialists in the affairs of finance and economy on absorb the large money supply, as these found that the process of deletion of zeros is currently viable, while others called for the issuance of Banknotes large categories.

The prime minister for economic affairs adviser appearance of Mohammed Saleh Iraq need to print cash categories of 50 000 dinars and 100 thousand dinars, in order to accommodate the large money supply, which covers market.

Saleh explained that large categories account for 90% of the traded currency, pointing to the existence of a cash amount less than 40 trillion dinars are being traded in the market, and that a large cash categories will reduce the quantity to four billion coins, noting that the issuance will not lead to increase the rate of inflation.

The economic expert Hilal Taan sees the difficulty of resorting to delete the zeros of the Iraqi paper currency back to economic, political and security situation in Iraq, but at the same time Aaaad issuing large cash categories because it will lead to an increase in inflation.

But economic analyst Bassem Jamil Antoine believes that the issuance of large cash categories will help facilitate the work of banks and portability, especially since the Iraqi citizens prefer to deal in cash to a lack of confidence in banks or dealing cards.

He stressed that the issue of large cash categories are part of the restructuring of the money as long as the government is unable at this time to delete the zeros of the Iraqi paper currency in circulation due to the instability of the economic and political situation.

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Last edited by Proven on Thu 14 May 2015, 1:49 pm; edited 3 times in total (Reason for editing : add highlights)

by mochasmom Thu 14 May 2015, 6:51 pm

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Post n°11

Re: Views on ways to absorb the large money supply

by mochasmom Thu 14 May 2015, 6:51 pm

Kuwait, cha ching!!!

by sassy Thu 14 May 2015, 9:37 pm

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Post n°12

Re: Views on ways to absorb the large money supply

by sassy Thu 14 May 2015, 9:37 pm

Sounds good mocha mocha!

by **Proven** Thu 14 May 2015, 9:40 pm

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Post n°13

Re: Views on ways to absorb the large money supply

by Proven Thu 14 May 2015, 9:40 pm

duck2000 wrote:delete the zeros of the Iraqi currency, in coordination with the Central Bank. Al-yasseri said that this project will reduce the size of the national currency in circulation of four billion Iraqi dinars to 1 billion.

so they think it will reduce the amount somewhere three and change also?

Yes, the withdrawal of notes is currently being done by the reduction of the money supply. The withdrawal of notes is part of the delete the zeros project that's why I highlighted it. The plan in action. "Don't you love it when a plan comes together." :)

by **wciappetta** Thu 14 May 2015, 9:56 pm

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Post n°14

Re: Views on ways to absorb the large money supply

by wciappetta Thu 14 May 2015, 9:56 pm

I know I'm loving it.... it's been fun to watch it progress...

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