35 Trillion Dinars, the Volume of Cash in Circulation
|February 3, 2014||Filled under All Dinar Trade Articles|
Selling gold to the citizens aims to be towed
The sale of gold bullion to the public of important issues in maintaining the stability of prices and the withdrawal of liquidity from foreign currency amounting to – according to an official – 35 trillion dinars and converted into the origins of the precious metal as a measure to curb inflation in Iraq.
The central bank has decided recently coined a variety of alloys pure gold weights ranging between (5 g and 1 kg)., Declaring direct actions contracted to import them and then sell them through the banking system. Sees director of banks in the Ministry of Finance, Dr. Hilal Taan that do Central Bank this measure comes to control the levels of inflation and the reduction of high prices.
He added in a statement Taan (morning) that the sale of gold from the central bank to citizens is a process to withdraw liquidity from trading where the liquidity in the market about 35 trillion dinars, and this number is seeking a large central bank to downgrade following the procedures of monetary policy.
For its part, the researcher confirmed the economic Suhad Athari, said the central bank announced the sale of gold to the citizens as well as Treasury Notes and the dollar would ease the liquidity as well as he promotes price stability. She told the (morning) that this measure would diversify the means savings for citizens and raise the purchasing power of the currency is likely to witness a remarkable decline in the price of gold on the application in the market.
She drew virgins that this would also reduce the rate of inflation of the currency where it can be reduced by absorbing liquidity from the dollar in both the banks and the citizen, and turn it into a precious metal, because it is more stable in the prices of the dollar, which is subject to the repercussions of the economic situation between the United States China and other countries, as well as the difficulty of transporting gold and turn it into a country outside Mijolh keeps the prices of safe rates.
She concluded her speech by saying that virgins Central Bank through its monetary policy aims to achieve high growth rates and a stable exchange rate and move the process through the distribution of credit loans to the most vital sectors thus leading to economic development.
Related Iraqi Articles-
Iraqi Dinar Investment?
WILL THE IRAQI DINAR BE REVALUED?
Iraqi Dinar: Scam or God-Send?
Central Bank Reveals Details of the Iraqi Currency
Cancellation of “Zeros” from Iraqi Currency Won’t Solve Iraq’s Economic Crisis
Iraqi Dinars: Smart Investment or Smoke and Mirrors?
Iraqi Dinar Revaluation Soon
Iraq Dinar Value Seems Likely To Significantly Increase
The Recent Iraq 2011 Budget May Have Leaked the Coming Currency Revaluation
Buy New Iraqi Dinars and Put Them in a Drawer
Columbus Hooters to Visit Iraq, Kuwa
Iraqi Dinar Trade – What Next After the Revaluation?
The Deletion of Three Zeroes From the Iraqi Currency Is a National Demand
Investing in Iraq- What Investors Have Been Waiting For
Crisis of Fiat Currencies: US Dollar Surpluses Converted Into Gold
Gold Dinar Will End Currency Wars