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"Unknown sources" charged with reducing Iraqi dinar value, Advisor


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FRIDAY, MAY 19, 2017

"Unknown sources" charged with reducing Iraqi dinar value, Advisor

 
8:26 PM  ADMIN  

 

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Baghdad/ Iraq TradeLink: Iraqi Premier's economic advisor charged "un-named quarters" to disseminate the idea of the deterioration of the Iraqi currency before the US dollar.
 
Advisor Mudh-hir Mohammed Saleh, in a press statement, pointed that there are "some quarters" are trying to create a state of economic deterioration and stability to enhance inflation.
 
He warned that this situation will make the country enter through three crises, the first will be financial which cannot be solved by quick measures like the decrease of the dinar's value.
 
The second crisis will be the inflation and the deterioration in economic stability with lesser purchase power due to the lack of confidence in the Iraqi dinar, he pointed out.
 
The third crisis will be a security one due to the war against Da'ish (ISIS) organization, he elaborated.
 
 
"The only loser will be the people and winners will be the rich-dollar quarters and terrorism", he confirmed.

 

 
Posted in: Baghdad,Economy,Politics
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Just now, jg1 said:

I think they should fix it. Quick. Dont want more burden on the people.

 

Yes, but the Advisor to the Prime Minister (who used to be a "big shot" at the CBI) is talking about "Unknown Sources".  He ought to know why the dinar is going down in value.  How can he, of all people, say the reason for this happening is"Unknown Sources"?  Something is amiss!  It doesn't make sense.

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i read as unknown sources are spreading the idea that " the currency is deteriorating" against the dollar-  In an effort to destabilize the dinar.  Saleh is warning these people ( who he will not name) that the dinar really can't take any more negative news. 

 

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10 minutes ago, brob said:

i read as unknown sources are spreading the idea that " the currency is deteriorating" against the dollar-  In an effort to destabilize the dinar.  Saleh is warning these people ( who he will not name) that the dinar really can't take any more negative news. 

 

 

Oh, okay, thanks.  Sometimes it's really hard to figure out their convoluted articles.  I'm glad somebody can decipher what they're talking about.  LOL   

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Abadi adviser criticizes calls for reduction of the dinar against the dollar .. There will be three problems

May 19, 2017

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Financial advisor to the prime minister criticized the appearance of Mohammed Saleh, on Friday, calls for a reduction of the value of the Iraqi dinar against the US dollar, stressing that such a move would lead to three crises.

 

Saleh said in a statement, said that "there are parties and personalities working unfortunately, to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living and hit stability in order to impose a monetary tax urgently affecting all segments of the people, which is inflation, and the creation of a deliberate deterioration of the standard of living in order to State blocking some of its deficit without considering the management of revenues from outside oil revenues, "he said, adding that" the reduction of the Iraqi currency by reducing the exchange rate of the dinar against the dollar, for example, will add the results of the destructive impact negative in the deepening impact of the financial crisis, a new crisis strong inflation in the general level of prices, Jul Inevitably inflationary recession, which exacerbates the general economic situation and common discontent is intended at the time of fighting the war on terror, and we desperately need the elements of economic stability. "

 

Saleh added that "the country will come here with three crises, financial crisis is not solved in ways that rapid monetary policy such as reducing the Iraqi dinar exchange rate will also like the dollar campaign and the pioneers of dollarization and Moktnzih of the wealthy who are speculating Bakot people and the misery of the poor and low-income classes," noting that "the second crisis is inflation prices and the deterioration caused by the deterioration of stability over the foreign currency and reduce the purchasing power of pensions and incomes of citizens exchange rate because of inflationary expectations and broadcast state of uncertainty and lack of confidence in Iraqi dinars economic stability. "

 

He explained that "the third crisis will be a security because of terrorism and the war on Daesh, Valkhasr is the people and the winner of the reduction of the dinar are rich dollar and terrorism, and do not forget that inflation in Daesh areas and high rates of price inflation there to three decimal places and the deterioration of the standard of living has precipitated victory over stability standard of living in the rest of Iraq, a smart economic warfare practiced by the economic leadership in the victory soon, "pointing out that" the government reduced its spending non-essential and frivolous and petty, but did not practice austerity policy of absolute Ktkulail salaries or pensions or social welfare and expenses of War and the necessary investment process. "

 

Saleh said that "the borrowing process of internal and external financing of the budget deficit is a process that is not (contractionary), as some claim, it is a motivational process and expansive fighting deflation, deflationary Valmoisnat that lead to economic recession are typically those in which the budget is balanced level of expenses less consistent revenue possible, They budgets contractionary really, but budgets that build on the deficit is financed the deficit by borrowing are the budgets of the expansive nature, especially the current financial policy in Iraq, "asserting that" internal borrowing came in accordance with the vision of monetizing the debt Balaam often, any financing a debt M by expanding cash relatively basis, and not vice versa, either external borrowing same applies like any other external resources in revenues of oil, in terms of impact expansion to account falling on public spending and the money supply expansion according to known to specialists in monetary policy mechanisms external flows. "

 

He added that "the promotion of topics dialectical economic incomplete civil in time of war and victory over terrorism is a desperate attempt of a group of haters who want to weaken the state and rumor desperate," adding that "there is anonymize programmed the Iraqi street process to spread the spirit of despair, they should be wary of agendas promoted forces driven by suspicious negative in the positive financial conditions is a victory and get out of the neck of the bottle, as well as the military victory and liberating the land and man from the clutches of terrorism. "Finished / x.

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3 minutes ago, Calijim said:

 

This information is backed up by some very credible unnamed sources who also know the Russian hackers who helped Donald Trump win the election.

 

Yep that's it ! ! Truth is out ! ! !  ;) 

 

The folks in this thread are great ! ! ! !

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