Don961: From that Dollar and the Dinar {Again} article :
Let’s see …..
1959 – when the dinar was first linked to the dollar …… 1 dinar = $2.80
in the 70’s – 1 dinar = $3.33 …. with even higher values at times because the economy was booming during the latter half of the decade
This era also saw for the first time to determine the foreign exchange operations and business banking and infinite validity Iraq’s central bank as a result of the adoption of the socialist system as an economic system of the Iraqi state,…
Then wars leading to high inflation , … falling oil prices ….depending solely on oil for revenue …fighting Daesh …speculators …lack of any clear plan for the advancement of the country’s economy …. corruption ,stealing –
[Purchase capitalists funds large amounts of dollar and keep it as a result of instability, that the unstable political and economic conditions to pay the owners of capital to smuggle money and so motivated to get profit and the search for a stable economic environment in light of the gloomy outlook which was the subject of the increasing smuggling of currency, especially the most influential in Iraqi politics today are the haves nationalities other than Iraq ] ….CBI exceeding the $75 million cap in the auctions …too much importing of goods – [import is continuing and this exhausts the state budget.”]leading to where they are today :
Abadi ; Mr. Prime Minister, and as one who was asleep and win terrified, he came out in the media to declare that he does not allow such a situation and that the dinar must return to the former Sarcherah, and the fast-track re-value of the dinar, which link within months, and in a few days !
get rid of stealing : damaged the generality of the people of merchants and citizens, as being the complicity of the state with the market brokers, and banking offices, which are the property of the party’s powerful, it was earners president who has done the state is deselected dollar amounts sold in daily auctions at the central bank for $ 75 million in each auction, and submit them sometimes for up to more than $ 300 million,
central bank also monitor these processes into a streamlined and transparent mechanism,
create : delicate balance in the process of reducing the exchange rate of the Dollar against the rising value of the dinar.
an overall reduction of all state expenses quickly
the state should not borrow loans and the benefits great because they mortgaged the future of Iraq attendees.
The important point must be the Iraqi government multiple sources of income from industry, agriculture, tourism and real encouragement to build economically strong country
And most importantly : Of the most important treatments that help sustain the process of economic progress Hoanchae projects commensurate with the needs of the community, and that will strengthen the economy and occupy the workforce and stimulate the work of all sectors in the trend towards self-sufficiency to a certain extent a first step towards the development of scientific solutions to economic stability, which is a step a necessity for the recovery of the life of society and psychological stability and living standards for all citizens, and should reject any mortgage for Iraqi oil wells that threaten Iraq’s economic future completely………………
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The needed reforms are apparent …… praying all goes rapidly and well ……
So they are able to indeed , as Abadi stated , fast-track re-value of the dinar, which link within months, and in a few days !
