Experts: the (50) thousand dinars virtual fleeting sensation! 11/23/2015
Experts: the (50) thousand dinars virtual fleeting sensation!
BAGHDAD / News Network Iraq issued CBI, last week a new banknote category 50 000 dinars, to complete Iraqi Banknote structure and the development of high-class value in Altdaol.oukal Bank in a statement that he was issuing banknotes category 50 000 dinars dimensions of 65 mm wide, and 156 mm in length, and is dominated by light brown except Framework decorations that took bold color, "adding that" the purpose of the issuance is the completion of the Iraqi Securities monetary structure and the development of high-class value in circulation "f 50 000 Iraqi dinars last thing planned Bank Central in Scarves new cash as a group to support trading in the Iraqi market, and the aim of the issuance of a new category of cash, according to the bank is a comprehensive restructuring of the Iraqi currency and to reduce the control of the dollar on the internal business dealings, and which will be re-payments system including spare consumers to carry large cash amounts small Bakiem . But despite the fact that the restructuring measures is the currency of the usual procedures in the economies of the world, but the sensitivity of the economic situation in Iraq raised questions about the timing and feasibility of asking the highest end a new class of Iraqi currency worth 50 000 Danar.hma measure some economists saw it as it can lead to increase inflation while the other section saw that he was holding to reduce the phenomenon of dollarization "relative to the dollar,"
Almokhts in economic lion Mohammed Ali affairs, described the issuance of currency from the category of 50 000 dinars as a step has been talking about it in advance and has been repeatedly postponed and that there is a possibility to issue a class 100 000 dinars . He said Mohamed Ali said in a statement that the bank had previously announced several years ago on the steps to restructure the currency not to delay the process came to cause swings own idea structuring between the higher version of the current categories, namely 50 and 100 000 dinars, and the deletion of zeros and printing of banknotes category 100 and 50 dinars ie the same amount for the current version and the proposed version .
"He pointed out that the issuance of the new categories will not affect the money supply but it reduces the number of securities traded on the local market of cash due to the high upper limit" value. As an economist Raad Twigg has confirmed that put cash Category 50 thousand dinars to the Iraqi money market poses great harm factor for the market, which contrasts with the idea of removing zeros. He said Twigg to put cash Category 50 000 dinars to the Iraqi money market contrasts with the idea of deletion of zeros, but is to add zeros and then will become the defense of the Iraqi dinar by asking more hard currency and become useless loss two defeats. "He added that" The last estimate of the size of the money supply in Iraq is 75-80 trillion dinars in 2013 but put this category means doubling the narrow width Monetary and then expanding the money supply by Maasdr the size of this particular currency that This block is the cause of most of the cash problems in Iraq ", stressing that".
This 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 declining value and continue the loop in Altusa.fima some counting the new offering a partial solution to the problem of paper currency, after the central bank exchange of deleting three zeros from the local currency .alkhbayr in economic affairs on behalf of all Antoine, said that the issuance of monetary Class B 50 000 dinars will contribute to reducing the rate of inflation and reduction of the large money supply paper cash and one facilitates business transactions and reduce the work to the dollar. He said Antoine: "The 50 Thousand category, does not represent any economic crisis, but its effects are negligible, it has been confined in a temporary high for two or three days in the price dollar exchange rate, which is not due where the central bank, as far back as speculators in dollars and the owners Chierfat, who take advantage of every opportunity to achieve Tarih.wachar profit that "this category descend to trading without any fuss, there is no rise in prices, not retreat in the exchange rate, only sensation "virtual" fleeting.