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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


    "Central" between "print" Iraqi banknotes and delete zeros

    Proven
    Proven
    Proven
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    Posts : 1858
    Join date : 2012-12-21
    • Post n°1

    "Central" between "print" Iraqi banknotes and delete zeros Empty "Central" between "print" Iraqi banknotes and delete zeros

    Post by Proven Sun 10 May 2015, 2:29 pm

    Good news.  The liquidity squeeze is working!  Making the way for restructuring the currency.  


    2015/05/10 11: 03

    "Central" between "print" Iraqi banknotes and delete zeros

    In the event the Government lending and issuing large cash categories can get inflated in price.

    Baghdad/Obelisk said Iraq Prime Minister Counsellor for Economic Affairs, the appearance of Mohammed Saleh, the Iraqi Central Bank printed large cash categories, an important step on the road to monetary reform that supports the nation's economy, noting the market need to cash large groups that deal with very large monetary blocs in Iraq especially since the cash payments than dealing with instruments and electronic payment cards.

    He noted that the draft printed significant cash categories not on monetary policy but the management system of payments projections, pointing out that the reduced amounts of money especially if large categories are 90 percent of the money supply in circulation.

    He's pursued "the Obelisk" in the report in the London-based newspaper Al-Hayat, that these large categories is a monthly amount of money supply in the market but in different categories, and not increasing the principal amount. He ruled out the possibility of inflation as a result of the implementation of the project, pointing out that "the Central Government does not lend.

    "If the Government lending and issuing large cash categories could get inflation in prices, with the country experiencing a contraction in liquidity in dinars or the dollar cash block size in Iraq less than 40 trillion dinars (about 31 billion dollars).

    Brokers expressed in currency market fears of new currency issued by the high, noting that such a move would lead to the loss of the cash value of any actions that aim to revitalize economic sectors.

    He quoted an economist as policy now in Iraq a "deflationary", and that this issue needs to be balance in the exchange rate could not be spending on the venture side due to the lack of imports and mismanagement of funds in the past and the lack of productive sectors, also warned of continued misguided policies on monetary policy, calling on government officials to recognize the importance of the subject in connection with all economic sectors.

    The Economist has ruled against Sayegh feet "Central" to the deletion of zeros from the currency, in the current circumstances because of the unstable economic situation, and that such action does not lead to increased economic activity because the monetary value comes from the volume of activity in sectors that contribute to the strength of Exchange.

    The Central Bank Governor told the Commission on economy and investment in the House to the Bank in connection with the printing of new securities from 50 000 to enhance the efficiency of the payments system.

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    Proven
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    Posts : 1858
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    • Post n°2

    "Central" between "print" Iraqi banknotes and delete zeros Empty Re: "Central" between "print" Iraqi banknotes and delete zeros

    Post by Proven Sun 10 May 2015, 2:35 pm

    Admitting a contraction in the money supply!

    Central» Iraqi err on the large printing banknotes in a move to reform the payments system


    Posted 10/05/2015 09:18 AM

    Babinaoz / Agencies:
    Said Advisor to the Prime Minister of Iraq for Economic Affairs, the appearance of Mohammed Saleh, that the draft Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform, which supports the country's economy, pointing to a market need for large denominations, and that the deal is too big cash blocs in Iraq, especially that cash payments outweigh the instruments to deal cards and electronic payments.

    He pointed out that printed large cash categories not related to monetary policy but the payments system project management, pointing out that this plan will be condensed amounts of money, especially large groups that make up 90 percent of the money supply in circulation.

    He explained that the launch of these large groups is to put the same amount of monthly money supply in the market but different categories, and not increase the original amount. He ruled out the potential for inflation by the implementation of the project, pointing out that the «Central» does not lend the government and said: «in case of lending to the government and the issuance of large cash categories can get price inflation (...) the country is suffering a contraction in liquidity both in dinars or in dollars with Abalg money supply in Iraq size less than 40 trillion dinars »(about $ 31 billion).

    The traders in the currency market fears of new cash currency high amounts version, pointing out that such a measure would lead to the loss of monetary value it is imperative that the aims any actions to revitalize economic sectors.

    He quoted economist described the policy now in Iraq with «Deflationary», and this issue needs to be process of balance in the exchange rate can not be spending on the investment side because of a lack of imports and mismanagement of funds in the last period and not the existence of productive sectors, also warned of the continued misguided policies on the monetary policy level, calling on government officials to recognize the importance of the subject in connection with economic sectors as a whole.

    He ruled out the economic expert contrary goldsmith feet «Central» Iraqi on the process of removing zeros from the currency in the current circumstances due to the economic situation is stable, and then, such a procedure does not lead to increased economic activity because the cash value comes from the size of the country Activity in sectors that contribute to the support of exchange power.

    The governor of the Central Bank announced before the economic and investment commission in the House of Representatives that the bank in the process of printed securities a new category of 50 thousand dinars to enhance the efficiency of the payments system.

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    Last edited by Proven on Fri 15 May 2015, 4:17 pm; edited 1 time in total (Reason for editing : add highlights)
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