Coin and raise the value of the dinar traded between inflation prevents citizens

by lonelyintexas Tue 18 Mar 2014, 11:13 am

lonelyintexas: Interacting Investor; Posts : 4285
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Post n°1

Coin and raise the value of the dinar traded between inflation prevents citizens

by lonelyintexas Tue 18 Mar 2014, 11:13 am

Coin and raise the value of the dinar traded between inflation prevents citizens

03.18.2014

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Experts said the economy that inflation in the country behind the failure of the project SEC coins, but they added that the central bank and the banking system bear this failure because they did not Iverdaha transactions cash through distribution in government salaries or deposits held by private banks, stressing that the mintage concerned is necessary for the project the deletion of zeros from the dinar because it was in favor of raising the value of the dinar.

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said a member of the Finance Committee in Parliament Abdul Amir Hussein said in an interview with "long", "The coin has a positive impact on the Iraqi dinar, especially in the event of the application of the project to delete the zeros from the dinar," noting "The coin will have an important role and is effective in raising the value of the Iraqi dinar."

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and put Hussein blame for the failure of the coin, although the SEC, many of them with the replacement of the Iraqi dinar after 2003, the responsibility of the central bank as responsible for the policies and Alstrajiat fiscal and monetary " .

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of said financial expert Ghazi al-Kanani said in an interview with the "long" that "it is not possible for the coin to succeed in the country, adding that they exist in the countries of the world, both economically developed countries or emerging economies."

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He Kanani said that "the coin does not can be used in Iraq as long as there is inflation in prices, "he said, adding that" by the success of their use is to remove three zeros from the Iraqi dinar. "

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the expert added that he "can the central bank issuing the coin for circulation in shopping or transportation and so on," stressing the importance of currency Mineral from where it does not consume as the currency paper. " He revealed "pull the central bank of the coin (silver) after failing were sold through auctions and some of them have been preserved in some of the banks."

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to the economist said Maytham and coffee for the (long) that "the coin of advantages over paper currency of where the lack of damage and long life, while lies flaws in the weight of the weight and the difficulty of her pregnancy. "

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and pointed to the coffee that "the reason for the failure of the coin is due to the inability to use it only to buy a limited flea," pointing out that "inflation in the prices of goods extent of the use of this currency . "

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and explained that "the central bank and the banking system have failed to succeed in currency trading metal in the country, by not imposing distributed with salaries and not handled by the private banks and the government."

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and stressed that "the ways of the success of the coin in the country is the deletion of zeros from the Iraqi dinar" , noting that "this option has been ruled out until after the elections."

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