Conscious / Senior Economist calls for the central bank took its time in its project to raise zeros from Iraqi dinar Yesterday at 9:21 am

Conscious / Senior Economist calls for the central bank took its time in its project to raise zeros from Iraqi dinar

Conscious / Baghdad / PO

1/3/2010 10:12am 1/3/2010 10:12 am

Called for an economic expert, Dr. Peace Smeisim CBI to wait in the project to raise three zeroes from the value of the Iraqi dinar to prevent To fall into the illusion of cash between the nominal value and its purchasing power, which affects the state employees With Income Limited.

Smeisim said in a press statement quoted (Agency Iraqi Information / conscious) The news that Issued by the means of U.S. media speculation about the Iraqi dinar in international stock markets, by more than 40% From those before 3 Months Means of information leaked to the stock exchanges through American circles there A quantum leap in The Iraqi economy during the next few months, especially after the signing of the licensing contracts, oil, and assurances of international oil companies on the possibility of Raise Iraq's oil exports in less than a year to the extent of 4 million barrels per day.


She Smeisim that all these facts compel the CBI not to draw Of Iraq's cash deposits to cover the value of the exchange rate of the equivalent of the U.S. dollar at the auctions held by the Bank Aim Stability The exchange rate, and a transition to achieve price I buy the Iraqi dinar by Foreign banks Equivalent to real value Under Future developments And not vice versa to sacrifice Central Bank Bodaiah For Only raise the face value of the dinar Iraqi state, including sign Moezkin the first serious exchange deposits Iraq Monetary policies were still Not able to achieve value for money of the dinar More than nominal value, and the second risk Employment This process is purely electoral purposes and later stage Authority control Parliamentary next to the Iraqi parliament, which Must Be approved On Continued Process And economic viability on the ability of Iraqis and not purchasing Motivated Investment Murray, indicating that the central bank to do delete the zeroes Of the value of the dinar Delivery of the nominal value of Equaling Iraqi dinar per American dollars . .

She stressed that the waiting Developments Economic Positive Through General Current And perhaps to the middle General Next, Will be the development of the Iraqi economy More power to offset the dinar to the dollar situation Normal Market speculation, and the role of the Central Bank Iraq The case of organizational Seize These developments Positive (by saying).