Round table discussion: Necessary for Iraq to reduce the mon

[Stillw8n]

Round table discussion: Necessary for Iraq to reduce the money supply

Confirmed that the deliberations of the Round Table on the project to delete the zeros of the Iraqi dinar, the need to reduce the money supply in the country, and the radical reform of the management system of currency, with the choice of time for the implementation of the project, and benefit from the experiences of countries that have already replaced their currencies, and the project is put on public opinion to be discussed widely by the direct implementation.

The table was convened last Friday before the Hall of Society of Engineers in Baghdad, and the initiative of local intellectuals in the Iraqi Communist Party.
Has contributed to a number of officials, politicians, economic experts and specialized scientific personnel, who discussed the motives and justifications put forward the project to delete the zeros of the Iraqi currency, and reservations that have cropped out the idea.

The Deputy Governor of Central Bank intervention in favor of the appearance of the idea to delete the zeros from the dinar was originally put forward by the government in 2005, was adopted by the Central Bank.

Salih stressed the importance of the project, and pointed to the experiences of other countries, especially the Turkish experience and the stages through which, also addressed the role of banks and government agencies and citizens in the success of this experiment.

For his part, spoke an economist Majid picture about the role of Iraqi banks in the implementation of the project, criticizing the fact that banks, pointing out some of the properties and structure of the Iraqi market that are influential monopoly of some senior traders and economic operators, as reflected by the high profit margins and the level of prices.

The independent political Mahdi al-Hafez, it was considered that the project is not of a technical nature only, but his economic dimensions broader repercussions on economic activity and incomes, and thus the living standards of citizens, and concluded that there is no importance to this project that was not connected and would fall within the economic policy package.

And conclude comrade Raed Fahmi, a member of the Political Bureau of the Iraqi Communist Dhav table conversation about the reality of the Iraqi economy, also addressed the right conditions to start the implementation of the project, and Tmahl government in dealing with the ongoing economic process in the country, reinforcing his concrete examples.

The table also participated in each of the President of the Union is willing Blibl businessmen, and Saad bugsbunny editor of that Union, and Khaled Cltag competent officer in the Iraqi Central Bank, and businessman Hassan Shammari and industrial oil researcher and high-Dabbas.

This will come back to the facts of the round table and results in a broader report we publish in a forthcoming issue of our newspaper this week.

Baghdad – by the people

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