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Management of the money supply and stimulate development

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Management of the money supply and stimulate development

Unread postby admin » Mon Mar 14, 2016 8:07 am

Management of the money supply and stimulate development

3/14/2016 0:00

Iraqi Dinar

Mohammed Sharif Abu Mayssam
more than 77 percent of the Iraqi currency exporting trading exist outside the banking system .. This is confirmed by the relevant authorities, meaning that about 31 trillion dinars of the total 40 trillion dinars issued by the Central Bank distributedamong the Iraqi market, the trading arena and hideouts compactness.
It is trading indicators in the commercial centers and local markets generally, the currency bloc enormous does not seem clear in the course of the market movement, as seen markets a recession following a number of variables , which affected the incomes of the middle class by reducing the monthly salary rates and higher fees for services and fees in conjunction with the entry into force of the customs tariff law , which contributed to a certain extent in the relatively low rates of spending on non - essential goods , as well as many stops construction and reconstruction projects due to massive deficits witnessed in the general budget as a result of lower oil prices, is it likely that hoarding a large proportion of this block cash under the pillow and in drawers inside homes by state of anxiety that prevails in the Iraqi street because of political and economic Alarbakat in the country. management program and therefore there is an urgent need in the management of the money supply program , which is the responsibility of the relevant monetary and fiscal Balseesten to stimulate the flow of these chunky block to within the local markets, as the trading of such enormous money supply in the local markets guarantor recovery of the markets and create exchanges contribute to overcome the recession and stimulate the development of economic. It seems that the continued state of confusion in the political and security situation as well as the media hype that the concept of Bankruptcy market in the public treasury as a synonym the state of the deficit, as well as the weakness of the banking system which is dominated by the bureaucracy in the government sector and the desire to achieve a quick profit in the private sector who were dedicated to the case of a lack of trust between the public and between banks and contributed to the lack of savings in financial institutions and the culture of what made ​​the bulk of the money supply in the possession of Almktensan in homes. interest rate and if they fear the central bank from raising interest rates caused by the fear of perpetuating the depressed state of the market, in what the government is back on the establishment of joint ventures or contribution in the housing and services sectors to create neighborhoods or new cities , or any other projects soon as concerned entirely by moving towards an economy the government market! is possible to stimulate Almktensan to bring out their tools and other ideas through activation , for example , the central bank loan, which still hang in the specialized banks for reasons not know the one, as it can employ these funds to lure money chunky through granting loans to those who want to establish a shareholding company engaged in the housing, agriculture and industry sectors to be the company 's capital value of the loan to encourage the founders and Basmahat up to ten years that public participation is through the launch of securities of those companies , including at least 20 times the value of the loan in exchange for the import of equipment facilities company through the opening credits and to guarantee the value of the land and the facility based on them, and possible expansion in this matter and study to include limited companies to ensure the assets of these companies, banks and windows Islamic which operate according to the mechanisms of participation and Murabaha guarantee the assets of these banks , provided the use of advertising and publicity for their activities in the housing , agricultural, industrial and tourism and Alaqtaat sector as well the importance of the private banks out of slumber and stop Taiha on the auction currency sale and activation of banking and propaganda tools to create credit activity commensurate with the size of its financial assets. the government banking sector on the other, the side of the authorities based on the financial and monetary policies to find a solution to the case of lack of seriousness in the government 's banking sector in order to assume its responsibilities at the situation of recession and deflation in the country .. it is important to reconsider Bmoukova these banks, some of which log in debt box terminally collectible different grounds of national spearheaded the security problem, we propose here to change departments branches with the highest ratios in detention and raise ratio of incentives to the staff of debt collection exclusively, and the emphasis on the collection of debts granted by government banks covered by the support from the state treasury in the budgets of the years 2012 - 2013 - 2015 next to the importance of the debt given up as part of a working farm initiative, which exceeded 3 trillion dinars process .. as has become the idea of issuing treasury bonds announced by the government to fund service projects and chunky money at interest rates exceeding 10 percent in the oblivion it seems!

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