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Parliamentary finance warns of financing policy through the cash issue


Mary B
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Parliamentary finance warns of financing policy through the cash issue

22:10 - 07/18/2020
 
  
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Information / Baghdad

The Parliamentary Finance Committee warned, on Saturday, of the Central Bank of Iraq resorting to the policy of financing inflation through monetary issuance, indicating that it leads to raising prices and harming those with limited and fixed incomes.

The committee's rapporteur, Ahmed Al-Saffar, said in a statement that followed him / the information: “There is a difference between printing the currency and the new monetary issue, because printing is an ongoing work by the central bank, to compensate the cash categories that are damaged after being withdrawn from the circulation stream, so the money supply remains as It is, which does not affect the state of the market or inflation. ”

As for the new monetary issuance, between Al-Saffar that this means creating a new amount of paper cash in different categories and this process is called in financial literature for inflation financing, because it leads directly to raising prices, and consequently low purchasing power of the national currency and lower real income of the individual, and harm to people Limited and fixed incomes, landlords and others.

He added that "monetary issuance is one of the solutions for deficit financing, and it is usually used in economically developed countries that have a developed production system that has flexibility, and is able to easily and quickly produce goods and services that are pumped to the market to meet the new amount of cash. When there are broken resources, new cash is used. To play it. ”

However, he added, "However, it is not advisable to use the new monetary issuance method in developing countries or that possess inflexible, slow and backward production devices, as is the case in Iraq . We in Iraq do not have production at all and depend on exporting oil and using oil revenues for import." 25 n ended

 

https://www.almaalomah.com/2020/07/18/485561/

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6 minutes ago, Mary B said:

There is a difference between printing the currency and the new monetary issue

 

7 minutes ago, Mary B said:

new monetary issuance, means creating a new amount of paper cash in different categories

 

8 minutes ago, Mary B said:

monetary issuance is one of the solutions for deficit financing

 

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"However, he added, "However, it is not advisable to use the new monetary issuance method in developing countries or that possess inflexible, slow and backward production devices, as is the case in Iraq . We in Iraq do not have production at all and depend on exporting oil and using oil revenues for import." 25 n ended"

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1 hour ago, Mary B said:

As for the new monetary issuance, between Al-Saffar that this means creating a new amount of paper cash in different categories and this process is called in financial literature for inflation financing, because it leads directly to raising prices, and consequently low purchasing power of the national currency and lower real income of the individual, and harm to people Limited and fixed incomes, landlords and others.

This is what happens when you release notes of higher value....leads to high inflation and if they spend with out adjusting the rate ie:release the budget it will cause hyperinflation....will never happen......lower denoms and rate change required!

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Parliamentary Finance: We warn that the Central Bank will resort to the policy of financing inflation through monetary issuance

by EditorEconomy2 Hours ago

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The decision of the Finance Committee in the House of Representatives Ahmed Al-Saffar warned of the Central Bank of Iraq's resort to the policy of financing inflation through monetary issuance

Al-Saffar said in a statement, that there is a difference between printing the currency and the new monetary issue, because printing is an ongoing work by the central bank, to compensate the cash categories that are exposed to damage after withdrawing them from the circulation stream, so the money supply remains the same, which does not affect the market condition Or inflation.

He added, regarding the new monetary issuance, that it means creating a new amount of paper cash in different categories and this process is called in financial literature for inflation financing, because it leads directly to raising prices, and consequently low purchasing power of the national currency and lower real income per capita, and harm people with limited incomes Fixed and landlords and others.

https://altaghier.tv/2020/07/19/المالية-النيابية-نحذر-من-لجوء-البنك-ال/

 

 

googled link

https://www.google.com/search?q=Parliamentary+Finance%3A+We+warn+that+the+Central+Bank+will+resort+to+the+policy+of+financing+inflation+through+monetary+issuance&oq=Parliamentary+Finance%3A+We+warn+that+the+Central+Bank+will+resort+to+the+policy+of+financing+inflation+through+monetary+issuance&aqs=chrome..69i57j69i60j69i61.1469j0j7&sourceid=chrome&ie=UTF-8

Edited by Mary B
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5 hours ago, Mary B said:

He added, regarding the new monetary issuance, that it means creating a new amount of paper cash in different categories and this process is called in financial literature for inflation financing, because it leads directly to raising prices, and consequently low purchasing power of the national currency and lower real income per capita, and harm people with limited incomes Fixed and landlords and others.

 

Hmmm, either this person is describing printing new notes higher than the 25K note currently in iraq , " the new monetary issuance will lead to high prices and a lower purchasing power ( per the article ) " ... IMO issuing the new Low denoms will have to be released with a new higher exchange rate in turn increases purchasing power for the iraqi ...

im probably way off though I'll keep checking the magic 8 ball , so as usual we wait .. cheers dv'ers

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"the Central Bank of Iraq resorting to the policy of financing inflation through monetary issuance"

 

Ya know what?  The more I read about this, the more I'm thinking that they are going print money like crazy (as the US is currently doing).

 

I'm hoping that when all this money printing is over, all these countries will go digital with gold-backed digital currency.  In other words, a "global reset".

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I just read this is another article.  Now I'm sure.

 

They are not issuing lower denoms.   They want to print money due to losses from the virus (just like the US).  This will lead to inflation, lower purchasing power and lower real income and cause financial harm to citizens.

 

 

"As for the new monetary issuance, between Al-Saffar that this means creating a new amount of paper cash in different categories and this process is called in financial literature for inflation financing, because it leads directly to raising prices, and consequently low purchasing power of the national currency and lower real income of the individual, and harm to people Limited and fixed incomes, landlords and others."

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