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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


    The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” c

    Rocky
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    • Post n°1

    The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” c Empty The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” c

    Post by Rocky Thu 04 Apr 2024, 4:26 am

    [size=35][size=35]The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” currency and deposits in banks are the highest historically[/size]
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    Economy

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    04-04-2024 | 04:07
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    Al-Sumaria News - Special

    Over the past years, all of the economic problems in Iraq internally, whether with regard to corruption, the dollar, high real estate prices, etc., as well as inflation, were directly linked to the high volume of liquidity and the printing of money by the Central Bank, as well as the high volume of cash liquidity. In the hands of the street, citizens or capital owners, away from Iraqi banks.


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    Recently, trends and numbers indicate that a reverse process has begun to take place in Iraq, which consists of reducing cash and getting rid of “surplus printed money” without printing new money in front of it, and increasing banks’ possession of this liquidity instead of leaving it in the hands of the street and citizens, where it can be said that the government and the banking sector And finance in general in Iraq began to “nibble” the existing liquidity and “dry it out” from the hands of the people.



    In a special review conducted by Al-Sumaria News, it becomes clear that the currency printed or issued in Iraq until February 2024 is the lowest in 8 months, that is, since May 2023, as the currency printed in Iraq reached 99.2 trillion dinars, and the highest historical level reached by the printed currency was recorded. In November 2023, it amounted to 102.6 trillion dinars.

    This approach represents getting rid of the currency and not only stopping its printing, but also “destroying it.” This matter does not seem “absurd,” but rather it is an approach committed by Iraq to reform liquidity management and with recommendations from the International Monetary Fund, which, in its statement last February, praised “ Efforts made by the Central Bank of Iraq aimed at getting rid of excess liquidity!

    While the currency printed until February 2024 is the lowest in 8 months, there is a “historical” record corresponding to it, as the data reviewed by Al-Sumaria News show that until January 2024, the currency in banks amounted to 9.1 trillion dinars, and this number is the highest ever in history. Banks after it ranged between 6, 7 and 8 trillion over the past months and years.

    The expected effects of this trend are not known, but specialists believe that the data will continue in one direction, which is to reduce printed cash and liquidity, and the banks’ attempt to hold on to liquidity and not leave it in the hands of citizens, and all of these indicators will ultimately lead to reducing inflation in general and reducing the “enormous” purchasing power of groups. Great Iraqi.
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    Rocky
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    • Post n°2

    The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” c Empty Re: The beginning of “drying up” liquidity from the hands of the Iraqis.. The destruction of “surplus” c

    Post by Rocky Thu 04 Apr 2024, 6:50 am

    bump
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