Delete the Zeros and the New Iraqi Dinar Currency Are the Solution to Combat Inflation?
|July 27, 2014||Filled under Iraqi Dinar News|
Iraqi Dinar News –
Afraid citizen and government decision is still delayed!!
New currency citizen wants a great value and low volume!
Still cash transactions in the Iraqi market needs to finance the cash many and the transfer of funds in the form of bags in case of transactions of large, may be the reforms in the payments system and the policy of the monetary authority by issuing a new currency and the abolition of three zeros from the Iraqi dinar currency will contribute to ease the payments system and the elimination of waste inflation and monetary block dealing powerful and easy-Iraqi citizen in order to be able to buy a small amount of money from a large amount of goods.
Will the issuance of a new currency is the treatment of liquidity? Why not be the currency of cash in a small place ease the process of buying and dealing between the citizen and the markets? And when it is achieved the dream of the citizen to carry small amounts of cash to buy a large quantity of goods?.
(Baghdad (news)) I spoke with a number of citizens and owners of competence in this subject and came up with this investigative reporting.
An Important Step
Hassan Abbas Mohammed (employee): We hear daily lot of the projects that will contribute to increased economic development in the country, including the issuance of a new Iraqi dinar currency and coins metal, it is true that the coins had been raised previously and distributed in the salaries of employees and retirees, but to deal with it was in the range of tight Kajor transport, for example, and others, but gradually disappeared, so we hope that such projects in the state approval of important steps and serious in addressing the liquidity in Iraq as the largest coin found in daily dealings between the hands of the citizens are (25) thousand dinars, which is the purchasing power is not Balqoah.
The Study Reviews
As Fouad Ali Abbas (Diploma in Management and Economics): processors economic still need to review and study going on between now and then because of the changes that will occur at the level of the country and the world, for example, the issuance of small coins, as was the Iraqi Central Bank to deal with previously did not work and did not also considering the reasons for failure with that we were desperately needed for the absence of these groups currently and that they facilitate the process of dealing and purchase between the citizen and the markets while became handle groups of small almost non-existent and the category of (500) JD is the dominant currency and the least in transactions in the markets or in transport fares.
According to Ahmed Fathi al-Naimi (an employee in one of the private banks): The Iraq now need economic support for its currency through lack of sleep to the current Iraqi dinar currency through the issuance of other currencies to financial markets and substantially similar to currencies, global foreign sedentary category (100) dollars, Valtaamlat cash is still needed to finance large cash which leads to delay the process of financial obligations in major projects and the difficulties faced by those projects such as transferring money in the form of bags in case of large transactions.
They hoped Lamia military (an employee at the Ministry of Commerce) from the Iraqi Central Bank to work on reform of the payments system in Iraq and activate the policy of the monetary authority in accordance with the economic outlook and plans for the correct strategy without financial imbalances in the future when it is applied and through the issuance of a new currency and the abolition of three zeros from the new currency because it is one of the important measures that need special operations management of the currency reform, which will be reflected in the ease of the payments system and then eliminate the remnants of inflation frightening hear about it daily so that we can treat the mass of strong cash and easy.
Called Ali Anwar (shop owner Zamzam to sell groceries in the neighborhood of teachers) saying: suffering constant when shopping some goods to Mahna from commercial markets near and far from our house because of the large quantities that I carry with me when buying I do not hide a secret that I draw some psychological distress through apprehension of robbery with such large amounts of money because I do not wish that I deal with a large amount of money to buy a small amount of goods and I hope that I am dealing with a small amount of money to buy a large quantity of goods and this only gets issuing currency cash reduced these amounts in our pocket or purse I carry that, similar amounts of dollars that I can carry them (30) sheet of the class (100) dollars with ease while I can not carry (35) million in my pocket without a single note of the citizens when I buy goods Mahna.
The Poor Victim
Confirmed Ahmad Ayyash al-Husseini (Driver): Any plan set by the authorities responsible for the economic side in Iraq should bear in mind the lack of prejudice to the national economy and citizens in the case of approval or implementation, because this will be reflected on the owners with limited income who live for their day success of projects economic will include everyone but damaging (God forbid) will fall on the poor warheads who work to earn their daily bread and who do not Imklon Thayet source of income such as employees and retirees.
Ridiculed Muhannad Hussain Hamed (earner) of fears that he hears from some citizens on the draft issue currency and delete the zeros of them, saying: We do not care that issued a new currency or omitted zeros including the fact that we get to go in the day and we can not spare him nothing but the fear of the owners of the millions who hoard gold and silver without the benefit of it in the investment might benefit them and taken advantage of the country it however I am with the issuance of the new currency deleted zeroes them whatever the shape and size because dealing with it as we have heard not be compulsory after putting them on the market, but little by little you will find citizen Dealing with it will not cause any damage to the national economy nor the citizens and this opinion humbly.
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