He adds that the trend is towards reducing the cash block to rein in inflation on the one hand and raise the value of the Iraqi dinar against foreign currencies from the other. – Mohammed Saleh, CBI
28/08/2011
Deputy Central Bank Governor Dr. .. The appearance of Mohammed Saleh, said that this draft resolution falls within the monetary policy of reform in order to reduce the money supply of hand and calculate the mass of the other.
Saleh explained that this project long term needs to be two or three years and needs a strategy and timing until the completion of the conviction to the project.
He suggested that this draft resolution was commissioned by the Economic Commission in 2007 and went on trading of more than 5 years., Diminishing fears Taatari some of the effects that may result from its application.
The Vice Governor of the Central Bank that many countries went through this experience, noting that the draft resolution presented to the Council of Ministers and the Economic Commission and the Parliament in order to enrich the discussion and leave the decision of the proper rule out all the side effects social mother was an economic and called for giving the opportunity to study it before judging it.
He was surprised at the benefit of flying some of this decision, pointing out that the cluster size cash trillions do not exist only in the U.S. and Iraq, and its presence in America reflects the strength and the strength of its economy, either in Iraq is thus expressed cases of inflation and the weak national economy. He adds that the trend is towards reducing the cash block to rein in inflation on the one hand and raise the value of the Iraqi dinar against foreign currencies from the other. revealing that the currency will include the proposed coins for small groups to ensure that walking in the local market transactions.
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