08/01/2011
The central bank adviser: Iraq before a historic opportunity for economic growth
Announced the start of work for the first time electronic clearing system
بغداد-حيدر فليح الربيعي BAGHDAD - Haider al-Rubaie Filaih
An official source at the Central Bank for the start actually, for the first time in Iraq, the introduction of clearing-mail between the Bank and the rest of Iraqi banks, while the source denied rumors of hearsay on the issuance of currency from the hundred-thousand dinars, stressing that the bank sought and within the monetary policy used to maintain economic stability to Iraq and access to a low level and moderate prices, which is contrary to the allegations of issuing cash that category ..
The chancellor said the Iraqi Central appearance of Mohammed Saleh during his speech for the (morning): that monetary policy aimed at managed during the last period of the reduction of inflation rates, substantial and concrete, especially that those rates were the lowest its figures when they arrived at around 3 per cent currently, a figure which he said him the benefit is calculated as an achievement of the monetary policy followed by the Central Bank of Iraq, noting that Iraq has not seen low rates of inflation over the previous years that inflation was included in the rates of wild ..
And Saleh, said that inflation base in Iraq has reached today, 3 percent, the lowest among the rest of the rates in Iraq in earlier times, which saw the rise scary exceeded the barrier of 25 percent, stressing that the security and economic stability a prominent role in raising the rates of development and growth of the country economically, which is which referred to him for saying: that stability is a great incubator for development and economic prosperity ..
He noted the benefit that the policy of the Central Bank of the future will work to achieve price stability in the overall level of prices in Iraq, especially as inflation began to retreat that was arranged to one decimal after it was expressed in the previous Paljameh, which will push Iraq to engage in an incubator economic reforms that achieve a more economic growth and prosperity that can be reflected positively on the rates of income and economic reality in general ..
And on the merits restructure the currency and the lifting of the zeroes denied the benefit of the determination of the Iraqi Central Bank to issue the category of new cash, adding that the process of lifting of the zeroes being planned by the Iraqi Central intersect and the allegations which he said was dilemmas media quoted inaccurately quoted the central bank earlier ..
The media sources earlier indicated the presence of intention to issue categories currency new class hundred dinars, which triggered the surprise and ire of observers who have warned of the dangers of such a step, stressing that the issue categories of cash bigger than the current would hinder efforts to reduce the rates of inflation and will lead to to raise prices ..
In the meantime, the Chancellor at the Central Bank to see the Iraqi dinar prosperous and recovery at the expense of the rest of the foreign currencies especially the dollar, adding that the policy of oil a very important role in enhancing the country's resources market during the coming period, which will, according to Saleh to make Iraq one of the countries leading power in the world, would double the income
Country's financial and will therefore be of the dinar as far as Iraq, noting that such income would leave Iraq in front of a historic opportunity to raise the rates of economic growth ..
To detect the appearance of Mohammed Saleh CBE start to run the electronic clearing system for the first time in Iraq, saying that this system Will work to avoid cases of fraud that were felt by trading instruments in the past.
Saleh pointed out that the six banks already started to follow the modern electronic system, and the rest of Iraqi banks will start work in the same order during the coming period ..
Saleh said that this system is a breakthrough technology in the world of big banks and sought by the Central Bank of years ago, indicating that the system is a settlement of the electronic instruments between the bank and the public, and then among the branches of banks and the central bank, which would eliminate all Forms of manipulation and fraud in the previous paper-based instruments, as well as being more transparent, according to Chancellor ..
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.alsabaah.com%2F
The central bank adviser: Iraq before a historic opportunity for economic growth
Announced the start of work for the first time electronic clearing system
بغداد-حيدر فليح الربيعي BAGHDAD - Haider al-Rubaie Filaih
An official source at the Central Bank for the start actually, for the first time in Iraq, the introduction of clearing-mail between the Bank and the rest of Iraqi banks, while the source denied rumors of hearsay on the issuance of currency from the hundred-thousand dinars, stressing that the bank sought and within the monetary policy used to maintain economic stability to Iraq and access to a low level and moderate prices, which is contrary to the allegations of issuing cash that category ..
The chancellor said the Iraqi Central appearance of Mohammed Saleh during his speech for the (morning): that monetary policy aimed at managed during the last period of the reduction of inflation rates, substantial and concrete, especially that those rates were the lowest its figures when they arrived at around 3 per cent currently, a figure which he said him the benefit is calculated as an achievement of the monetary policy followed by the Central Bank of Iraq, noting that Iraq has not seen low rates of inflation over the previous years that inflation was included in the rates of wild ..
And Saleh, said that inflation base in Iraq has reached today, 3 percent, the lowest among the rest of the rates in Iraq in earlier times, which saw the rise scary exceeded the barrier of 25 percent, stressing that the security and economic stability a prominent role in raising the rates of development and growth of the country economically, which is which referred to him for saying: that stability is a great incubator for development and economic prosperity ..
He noted the benefit that the policy of the Central Bank of the future will work to achieve price stability in the overall level of prices in Iraq, especially as inflation began to retreat that was arranged to one decimal after it was expressed in the previous Paljameh, which will push Iraq to engage in an incubator economic reforms that achieve a more economic growth and prosperity that can be reflected positively on the rates of income and economic reality in general ..
And on the merits restructure the currency and the lifting of the zeroes denied the benefit of the determination of the Iraqi Central Bank to issue the category of new cash, adding that the process of lifting of the zeroes being planned by the Iraqi Central intersect and the allegations which he said was dilemmas media quoted inaccurately quoted the central bank earlier ..
The media sources earlier indicated the presence of intention to issue categories currency new class hundred dinars, which triggered the surprise and ire of observers who have warned of the dangers of such a step, stressing that the issue categories of cash bigger than the current would hinder efforts to reduce the rates of inflation and will lead to to raise prices ..
In the meantime, the Chancellor at the Central Bank to see the Iraqi dinar prosperous and recovery at the expense of the rest of the foreign currencies especially the dollar, adding that the policy of oil a very important role in enhancing the country's resources market during the coming period, which will, according to Saleh to make Iraq one of the countries leading power in the world, would double the income
Country's financial and will therefore be of the dinar as far as Iraq, noting that such income would leave Iraq in front of a historic opportunity to raise the rates of economic growth ..
To detect the appearance of Mohammed Saleh CBE start to run the electronic clearing system for the first time in Iraq, saying that this system Will work to avoid cases of fraud that were felt by trading instruments in the past.
Saleh pointed out that the six banks already started to follow the modern electronic system, and the rest of Iraqi banks will start work in the same order during the coming period ..
Saleh said that this system is a breakthrough technology in the world of big banks and sought by the Central Bank of years ago, indicating that the system is a settlement of the electronic instruments between the bank and the public, and then among the branches of banks and the central bank, which would eliminate all Forms of manipulation and fraud in the previous paper-based instruments, as well as being more transparent, according to Chancellor ..
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.alsabaah.com%2F
