Central bank: coin replaced the 50 thousand to avoid inflation 3/10/2016
Central bank: coin replaced the 50 thousand to avoid inflation
3/10/2016 0 Comments
BAGHDAD - balances News
Media revealed the central bank, on Wednesday, the currency of the 50 thousand in other currencies replace to avoid inflation.
It is said that the central bank said, earlier, that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trading, noting that the issuance of this class or any other class does not affect the inflation and deflation.
He said Acer Jabbar's / balances News /, "The central bank is unable to put up a" substantial "amount of 50 thousand dinars category in the market, considering that put forward depends on monetary policy to the process of currency trading and therefore that the increase put forward will increase inflation in the markets."
He added that "the central bank worked to replace the currency in other currencies in order to prevent this inflation," noting that "the process of currency trading you need to for a long time."
The central bank also revealed, earlier, the bank had a reserve of between 57-61 billion dollars, while stressing that the bank can not lend to the government of the Treasury or the Reserve .