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Economist: the issuance of a new class of the coin is not to improve the situation directly


yota691
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  Economy

 
ARABIC VIDEO WON"T LOAD 

Roudao - Arbil  saw economist, Jamil Antoine, that the new currency issue or deletion of zeros from the Iraqi currency, the restructuring process and not to improve the situation directly.



The Central Bank of Iraq, decided after the federal government is required to wait in the implementation of the project to delete the zeros and get rid of the cluster Cash flabby Iraqi currency through printed Banknotes category 50 000 dinars, also advised specialists in economic affairs government to implement the project to delete the zeros, instead of issuing a large categories of currency because it will lead to increased inflation. said Antoine The idea of issuing a new currency of a particular class, It is for the purpose of minimizing market trading, and the use of large pieces and small pieces instead, noting that the issuance of the currency of a large categories relieves banks and its trustees problems in counting the money. He added that the proposed hundred thousand Iraqi dinars, the currency can not replace the dollar percent, because it does not currency could replace the other currency, and instead there was a twin, it can not be resolved, rather than the other one, but can be solved a lot of problems with the market.

 

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Here's another economist stating that the issuance of the 50K note is a waste of time!  Just go ahead and implement the delete-the-three-zeroes project already.  Geesh!  The CBI got rid of the 50-dinar note, so why introduce the 50K note?  The new LDs are for 1, 5, 10, and 25 dinars, as well as the new 250- and 500-fil coins.  These correspond respectively with the current line-up of the 1K, 5K, 10K, and 25K notes, as well as the 250- and the 500-dinar notes.  To introduce a 50K now means that they would also have to introduce a new 50-dinar note.  What a waste of time and money.  The idea is to be able to get the 3-zero bills off the street and back in the CBI vault.  So , yes, this economist has it right...just implement the monetary reform project!

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