Expert: the return of the coin guide to control inflation

Expert: the return of the coin guide to control inflation



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Baghdad (news) .. was considered an expert economic peace Sumaisem work to re-coin evidence of controlling inflation, as well as to improve the value of the Iraqi currency.

"The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives as they plan strategy will contribute to support the value of the Iraqi dinar in the trading of Finance." said Sumaisem in a statement to the Contact Agency (news) on Sunday:

The absence of coins in Iraq was caused by inflation, which occurred at the time of the country, so we export large groups did not, we can instrument a metal, a piece collected paper "explaining" the central bank's decision to re-coin proof that there is no control on inflation with the benefit of the few categories, even if the means of transport (Karwa ownership).

She Sumaisem: Whenever there are small groups can be used in trading meaning inflation became high, ie, that plans for the structure of the currency moving properly, citing the need to encourage and support this step as it positively affect the Iraqi economy.

He said the central bank to the project of coins in 2004 was not successful because it has not been as comprehensive reforms to support the financial value of the Iraqi dinar in the market World, saying that "coins are not the low currency, but will be important medium of exchange which are used for simple banking transactions in the trading of the Interior."

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