Economist: 50 Thousand category did not affect the "inflated" prices in local markets


Special - scalesNews He stressed the economic expert contrary goldsmith, Wednesday, that the 50 000 dinars category did not affect the inflation of prices in the local markets, among that the main purpose of the exchange is to facilitate the process of financial exchange cash only.

He said the goldsmith's / scalesNews /, that "the trading category 50 000 dinars did not affect the local market in terms of prices," stressing at the same time that "the fundamental goal of this class is to facilitate the exchange of financial cash process."

He said economic expert, "we are still in Iraq are dealing with cash, transfer money and use sophisticated means," noting that "why not use these means banks is poor management and services and the lack of development and lack of confidence of the citizens of these banks."

It was "the Iraqi Central Bank had announced earlier, that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trade, pointing out that the issuance of this class or any other class does not affect the inflation and deflation.