Established in 2006 as a Community of Reality

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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


    35 trillion dinars, the volume of cash in circulation

    day dreamer
    day dreamer
    day dreamer
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    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    35 trillion dinars, the volume of cash in circulation Empty 35 trillion dinars, the volume of cash in circulation

    Post by day dreamer Sun 02 Feb 2014, 4:29 pm

    35 trillion dinars, the volume of cash in circulation

         

     2/2/2014 0:00


    Selling gold to the citizens aims to be towed
     BAGHDAD - Mustafa al-Hashemi
     The sale of gold bullion to the public of important issues in maintaining the stability of prices and the withdrawal of liquidity from foreign currency amounting to - according to an official - 35 trillion dinars and converted into the origins of the precious metal as a measure to curb inflation in Iraq .
    The central bank has decided recently coined a variety of alloys pure gold weights ranging between ( 5 g and 1 kg ) . , Declaring direct actions contracted to import them and then sell them through the banking system . Sees director of banks in the Ministry of Finance , Dr. Hilal Taan that do Central Bank this measure comes to control the levels of inflation and the reduction of high prices .
    He added in a statement Taan (morning) that the sale of gold from the central bank to citizens is a process to withdraw liquidity from trading where the liquidity in the market about 35 trillion dinars, and this number is seeking a large central bank to downgrade following the procedures of monetary policy.
    For its part, the researcher confirmed the economic Suhad Athari, said the central bank announced the sale of gold to the citizens as well as Treasury Notes and the dollar would ease the liquidity as well as he promotes price stability . She told the (morning) that this measure would diversify the means savings for citizens and raise the purchasing power of the currency is likely to witness a remarkable decline in the price of gold on the application in the market.
    She drew virgins that this would also reduce the rate of inflation of the currency where it can be reduced by absorbing liquidity from the dollar in both the banks and the citizen , and turn it into a precious metal , because it is more stable in the prices of the dollar, which is subject to the repercussions of the economic situation between the United States China and other countries, as well as the difficulty of transporting gold and turn it into a country outside Mijolh keeps the prices of safe rates .
    She concluded her speech by saying that virgins Central Bank through its monetary policy aims to achieve high growth rates and a stable exchange rate and move the process through the distribution of credit loans to the most vital sectors thus leading to economic development.

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