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Palestinian Monetary fear issue a national currency Time wrong


yota691
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15-10-2014 01:48 PM

 

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The report issued by the Palestinian Monetary Authority (Enterprise Acting Central Bank), on Wednesday, said the issue a national currency is not as easy as citizens expect, and need a lot of financial and economic considerations, political and sovereign, for issuance. According to the report, obtained by Anatolia on a copy of it, that Monetary Authority cautious in issuing a national currency at the wrong time, because there are many considerations that have not yet matured, especially situations of political, economic, noting that maintaining the value of the currency is more important than issuance.noteworthy that the currency pound Palestinian, were Palestinian currency in circulation before the year , 1948, and then canceled after the Israeli occupation of areas in 1948, to be the Jordanian dinar substitute, until 1967, and then became the Israeli shekel coin major addition to the dinar. governor said the Palestinian Monetary Authority, Dr. Jihad Al Wazir, the talk about the restoration of Palestinian national currency is in very complicated, and more than just being the emotional state associated with the homeland, and to restore identity. added during an interview with the agency, Anatolia, said that several considerations are still not ready to decide on the subject of the issuance of a national currency, 'We do not have a reserve of gold and do not have a reserve of hard currency' .According to the report, the issuance of currency entails the need to achieve balance and stability and sustainability in the public finances of the Palestinian Authority, and to rely on the capabilities of the economy in order to ensure the independence and success of economic policy in general, and adjust the conditions of the balance of payments, especially the trade balance, which suffers from a structural deficit chronic due to deformation production structure of the national economy and the limited capacity and abilities. report finds that the lack of control of the Palestinians to their land, and the continuing separation of the West Bank from the Gaza Strip, and the lack of control over the crossings domestic and international, contributes to the survival of the subject issue a national currency is far from the application. says economic researcher Muhammad Kabbajh, The issue a national currency, is possible absolutely through the present time, but it needs years after it is applied after independence. added during a telephone conversation with a reporter Anatolia, 'without political stability and sovereign, and the Economic and Social Council, and the existence of reserves of gold and hard currency, the subject of national currency will remain a dream of the Palestinians. ' 

 

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