Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Directed to re-work coin DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

Directed to re-work coin

Go down

Directed to re-work coin Empty Directed to re-work coin

Post by RamblerNash on Mon Aug 19, 2019 3:32 pm

Directed to re-work coin

Directed to re-work coin Doc-P-315469-637017835697663942

2019-08-18 | 23:47

The member of the Finance Committee Hanin al-Qadu, Monday, that the use of metal categories and lowered for trading gives a notional value of the currency.

He said in a statement to the official newspaper Al- Sabah, as "during the meetings and discussions with officials of the Central Bank stressed the need to re - work metal currency which was used in Iraq during the past decades, instead of paper , which is damaged and printed in large quantities again."

He added, “The use of metal categories and their descent for trading gives a notional value to the currency.” He pointed out that “a number of neighboring countries - their exchange rates are very high against the dollar - yet we find that they have a coin in order to preserve the currency and not need to ask for more papers. Cash, especially in small categories. ”

Al-Qadu expressed his surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market."

For his part, a member of the Finance Finance Majid al-Waeli, "the readiness of the Commission for any legislation required by the Central Bank, which can benefit the economy and the Iraqi market, including the circulation of coin."

"The committee respects the independence of the central bank and its monetary policy," Waeli said, stressing that "the bank has technical autonomy by decision regardless of administrative affairs.

Waeli added that "

He also stressed member Jamal cougars that "all countries in the Middle East and the world has a coin , " noting that "this type of currency gives strength to its economy."

He PANTHER expressed the hope that "can stakeholders to strengthen the currency to be small categories of purchasing power in the event of the use of currencies metal. "

the committee member Ahmed al - Saffar, he saw that" the coin is more than the cost of paper, as well as to carry it more difficult for the citizen. "

He said al-Saffar, the "morning", "The winning of inflation in the economy prevents the sake of coins and make trading between citizens", suggesting that "be no step to delete the zeros precede the process of coinage metal to be there the value of small groups versus large."

LINK
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 17187
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum