Economic Analysis: issuing currency (50 000) dinars evidence of inflation .. The other option

Economic Analysis: issuing currency (50 000) dinars evidence of inflation .. The other option for the government

Thursday 12 November 2015 | 18:17

Economic Analysis - issuing currency 50 000 dinars evidence of inflationBAGHDAD / .. said economic expert, peace Sumaisem, Thursday, that the issuance of the Iraqi government to coin the (50 000) dinars came an attempt to cover the deficit in the internal circulation by introducing local currency new value and as pointed out that the measure does not mean that the Iraqi currency subject to restructure, expert confirmed that the new currency is not necessary to have versus the dollar in the Iraqi treasury for foreign transactions, being a dedicated local trading.

She Sumaisem for “Eye Iraq News”, said the move taken as normal while the government does not have an alternative supplier plugging deficits, and in Iraq, the monetary policy is a fast track, which is required here, the fact that other alternatives require time to show effect, such as investment promotion in industry, agriculture or even the imposition of new taxes, which usually require nearly a year to obtain a real impact. ”

Sumaisem also also confirmed that this step can not be counted “positive or negative” but is is inevitable on the Iraqi government being taken does not have another option to resolve the current crisis.

Iraqi currency and exposed to a real test of local and global position, on the back of negative data that gripped the country, from the failure of the project raise zeros, announced over the past years has not been implemented, to the case of austerity and low oil prices, which have left the country’s economy vulnerable to variables Mah.anthy 5

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