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Economist: put cash Category 50 000 Iraqi dinars to the cash market is a significant factor to the detriment of market
November 13, 2015 16:32
Raad said economist Twigg, to put up the cash / 50 / Class A Iraqi dinars to the cash market is a big detriment factor for the market, which contrasts with the idea of removing zeros.
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November 13, 2015 16:32
Raad said economist Twigg, to put up the cash / 50 / Class A Iraqi dinars to the cash market is a big detriment factor for the market, which contrasts with the idea of removing zeros.
Twigg said in a press statement that "put the cash / 50 / Category Danaraly thousand Iraqi money market contrasts with the idea, but the deletion of zeros is to add zeros and then will become the defense of the Iraqi dinar by asking more of hard currency and become useless loss two losses."
"The last estimate of the monetary bloc in Iraq is 75-80 trillion dinars in 2013 but put this category means doubling the width narrow cash and then expand the money supply volume by Maasdermn This currency especially if this bloc are the cause of most of the cash problems in Iraq." .
He stressed that "the currency has sparked inflationary and it was possible to be done to meet the cash needed to expand appropriate small monetary categories as 5,000 dinars and 10,000 dinars, indicating that the increase in money supply excessively will be accompanied by an increase in the demand for cash after the low value and continue the loop in the expansion.
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