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Parliamentary finance warns of financing policy through the cash issue


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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because printing is an ongoing work by the central bank, to compensate the cash categories that are damaged after being withdrawn from the circulation stream, so the money supply remains as It is, which does not affect the state of the market or inflation.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:

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

If the CBI is not currency printing then they are in the act of issuing new categories!

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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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22 minutes ago, dinarham said:

I can't find any dinar for sale on the three major dinar selling sites . 

Iraqi international flights resume on July 23, so you should see some IQD arriving through US airport Customs soon enough.

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3 hours ago, Gypsygirl11 said:

Oh I love it when they talk about issuing new currency in different categories!

I just love it when they just talk about anything other than soon. But different is good nowadays.

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Posted (edited)

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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revving up, staying positive, envisioning nation lifting up nation...rejecting darkness, concentrationg only on levity, laughter and love to help usher in more light...and with that, the transfer of wealth begins.

😟

Gettin' ready to do a happy dance...

 

tenor (1).gif

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16 hours ago, dinarham said:

I can't find any dinar for sale on the three major dinar selling sites . 

I did a quick search on eBay, uncirculated 25,000 notes going for almost $1,000 for half a million. That’s roughly double what we paid last time we bought some several years back. 

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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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Laughing , whoever responded with the confused emoji might explain to me what the breakdown of the article Mary B posted so all and myself included could not be confused .... 👍

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  What would be the point of printing lower denoms as they would be absolutely miniscule in value ,lots of effort and expense for nothing , a snipe hunt.

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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".

Edited by Floridian
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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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