Author Topic: Michigander 9/24/2014 6:00pm edt  (Read 149 times)

Online arizona49

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 12772
Michigander 9/24/2014 6:00pm edt
« on: September 24, 2014, 06:47:30 PM »
Michigander 9/24/2014 6:00pm edt [michigander0131] Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions 09/25/2014 Economists saw that government intervention in the work of the Iraqi Central Bank during the past period hindered the implementation of many projects that will bring significant economic reforms, including the project to delete the zeros from the Iraqi currency. "the project to delete the zeros is a project that can be implemented within the short term, which undoubtedly requires political stability is not available at the moment," "the process of deleting the zeros will encourage the use of smaller groups of cash and will help on the use of metal categories." "the proposed lifting of the zeroes will remain in place pending the economic and political conditions and adequate security for its launch." Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required.
[5:11:59 PM] Pam (arizona49): [michigander0131] Economists criticize the issuance of a new currency instead of the implementation of the deletion of zeros 24/09/2014 on the importance of moving and speed up the implementation of the project to delete the three zeroes from the currency and not to resort to prosthetic solutions such as the issuance of new editions, the fact that this project will overhaul the currency and increases strength and improves its performance locally and regionally. The central bank had earlier announced that the project to delete the zeros is still standing, but the date of its implementation is not specified, "The project to delete the three zeroes from the currency is one of the strategic projects and relied upon by the central bank, as it will overhaul the Iraqi currency urgent need for the implementation of the deletion of zeros, the fact that Iraqi dinar exchange rate relatively stable, what makes the ground smoothed for the issuance of new categories."
[5:16:18 PM] Pam (arizona49): [michigander0131] There has always been a political struggle between Maliki and the CBI when it came to monetary reform. As well the CBI must balance reform with the guidelines set forth under Article XIV and the Article IV Consultation (2% compliance, etc.). but stability is a must first and foremost if they plan to make the dinar worldwide convertible at some point under Article VIII.