Economists: the need to issue coins for small groups to keep them from damage

Economists: the need to issue coins for small groups to keep them from damage

02-12-2013 10:36 AM

Economists-the need to issue coins for small groups to keep them from damage Baghdad (news) .. Report / Bushra Khalil / .. Suffering of the Iraqi street of the scarcity of the currency of a small category (250, 500 and 1000) Iraqi dinars, and found it undamaged and Mthtrh, and became citizens upset of used and especially the owners of taxis and commercial markets, but they accepted the deal out to preserve the continuation of their work in a streamlined way. attributed the number of economists in their talk with the Agency (news): the reason for the scarcity of the currency of a small category and ease of damage to the poor quality of paper used and the lack of printing works, stressing that the central bank discussed the possibility of issuing coins of small denominations to be a substitute for paper. said a member of the committee of economy and investment MP / coalition Iraq / Nora Albjara, the scarcity and damage to the currency of a small category due to the weakening value of the deliberative and the poor quality of paper used for printing. added Albjara (of the Agency news): that the central bank will Basaddaramlh metal categories of small alternative paper, noting that the new currency will be the quality of good and easy to handle and meet the needs of citizens. showed: that the bank will start next year by issuing new currency, and will dispense paper currency damaged gradually, adding that the currency small is of great significance in the market by re-remaining amount (scrap). denied Albjara: that the scarcity of the currency of the small category associated with higher rates, asserting that Artaf prices due to the greed of the merchants and the lack of goods in the market and exploited by others. For his part, member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the currency of a small category have no value Large trading and buying and selling, so it has been dispensed with and became its presence virtually non-existent in the market. added stirrup (of the Agency news): The central bank will issue coins, metal, alternative damaged after a process of deletion of zeros in the next parliamentary session, which Tattabramlah reform management of the coin cash. said: that the central bank is printing the currency of a small class, but the lack of value have vanished in the market, being a Ataatla├║m with the size requirements of the citizens. his part, the banking expert Majid picture, that the restructuring of the currency and delete the zeros calls to increase the groups the nominal value of the few, and issued coin to ease in trading and non-damaging, indicating that small groups can also lead to facilitate the process of policy-making price and reduce the cost of trading operations. between: he does not have a specific time for the issuance of the coin and the application of the law to delete the zeros because of this law and faced major conflicts in political terms, and through government intervention the central bank. attributed the Central Bank of Iraq, the presence of scarcity in Banknotes drinking with a small category in the markets to the weakness in the mechanism of receiving damaged. pointed out that Hariassaly not treat citizens or markets currencies damaged, because it works to replace constantly, while stressing his possession confounded much of those currencies potable ready to put up for trading. / Finished

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