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Sumaisem: issuing new cash currency with no withdrawal of the old currency would be a great monetary inflation
13/04/2014
Saw an economic expert, Dr. Peace Sumaisem that the Iraqi Central Bank's decision to replace the Iraqi currency is a good step, but it is an inflationary pressure in a period of political tension that is currently taking place in Iraq and with the season approaching parliamentary elections.
She moved her office told a news media that the new trading currency with no withdrawal of the old currency, would be a significant monetary inflation in the domestic market. "
She Sumaisem that "the central bank issued previously currency monetary metal after the change, but it disappeared from circulation and the effect that some actors smuggled abroad to take advantage of mineral makeup where" pointing to release monetary metal is a qualitative improvement whatsoever in circulation, but the important thing is the space will be a trading currency.
The Iraqi Central Bank announced yesterday for reprinting Iraqi banknotes with pictures of new and more protection, noting that the currency will continue to be in circulation currently.
The bank said in a statement yesterday that he re-print the new series of banknotes of Iraq and the currently circulating pictures of new and superior protection, using a good quality of printing paper, with the inclusion of the two dates Hijri and Gregorian and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed and the addition after security tags.
He pointed out that the current banknotes will continue to be traded with the new will not be pulling rolling them currently or in the future.
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13/04/2014
Saw an economic expert, Dr. Peace Sumaisem that the Iraqi Central Bank's decision to replace the Iraqi currency is a good step, but it is an inflationary pressure in a period of political tension that is currently taking place in Iraq and with the season approaching parliamentary elections.
She moved her office told a news media that the new trading currency with no withdrawal of the old currency, would be a significant monetary inflation in the domestic market. "
She Sumaisem that "the central bank issued previously currency monetary metal after the change, but it disappeared from circulation and the effect that some actors smuggled abroad to take advantage of mineral makeup where" pointing to release monetary metal is a qualitative improvement whatsoever in circulation, but the important thing is the space will be a trading currency.
The Iraqi Central Bank announced yesterday for reprinting Iraqi banknotes with pictures of new and more protection, noting that the currency will continue to be in circulation currently.
The bank said in a statement yesterday that he re-print the new series of banknotes of Iraq and the currently circulating pictures of new and superior protection, using a good quality of printing paper, with the inclusion of the two dates Hijri and Gregorian and the signing of the Governor of the Central Bank and the Agency Abdul Basit Turki Saeed and the addition after security tags.
He pointed out that the current banknotes will continue to be traded with the new will not be pulling rolling them currently or in the future.
[You must be registered and logged in to see this link.]
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