Experts: float the currency needs to be a productive economy and not Rieia

[yota691]

and comment from the above article, from Garhy (DV Member here)  which translated the video!!

 

Quote

 

Posted December 22, 2016 · 

Nothing to see here boys..

Basically he was talking about how the dollar is increasing as there is low supply and high demand. And how they have to control it. And how the CBI are the ones that are in control. They have to pay attention to AML and corruption.

Then later on he just talked about how media is very important and should be stating facts and only facts etc etc etc.

Not yet guys. Not yet.

 

 

[SnowGlobe7]

these seem to tell us there will be no action

 

sad cat

[gregp]

you rock yota!

[NoviceInvestor]

8 hours ago, copper13 said:

Oh boy... oh boy .... oh boy! 💰💰💰 it's time to retire, and travel abroad!!! Do I dare start looking for a cruise vacation? 

I wish ....

[Half Crazy Runner]

13 hours ago, SnowGlobe7 said:

these seem to tell us there will be no action

 

sad cat

 

These are old articles from 2016. Hopefully not relevant for today ...?

[yota691]

22/05/2017 (00:01 pm)   -   Number of readings: 759   -  number (3929)

 

 

Experts: float the currency needs to be a productive economy and not Rieia

 Baghdad / term 
 

Specialists show in economic and financial affairs strong rejection of the proposals , which proposes to float the Iraqi dinar to reduce its value for the US dollar, and stress the importance of changing the balance of payments deficit and adjust if it, in favor of the opinion of the financial advisor to Prime Minister Dr. The appearance of Mohammed Saleh, Mahdhir cut the Iraqi dinar value of what could result in this economic and financial security crises. 
Does not believe d. Saleh in an interview (term) that would reduce the value of the dinar to fill the budget deficit, but in return will contribute to the creation of expectations of inflation and unrest price , raising the cost to the budget itself, especially variable costs Kalmquaolat, procurement and contracts in foreign currency and the value of imports of the state. 
He adds Saleh: Yes , the reduction in the exchange rate of the dinar could leave traces in the promotion of exports, but because of the weak diversification of the economy makes the reduction that leaves scars similar to those experienced by the limited classes of income economic blockade time in the nineties of the last century, especially if the reduction of high rates . 
And it corresponds to the benefit of opinion with the view of the head of the IMF mission in Iraq , Christian coconut in an interview earlier (range), where he stressed that the Fund believes it is appropriate to maintain the linking of the Iraqi dinar in US dollars, since the devaluation of the currency does not bring a great benefit to the economy as some believe , but It may cause a sharp increase in inflation. 
For his part , says economist Ahmed Hussein said in an interview (range): I support the view of the financial adviser to the prime minister, that he no room to talk in light of the current situation on the reduction of the local currency, especially as security, economic and political situation , which is going through the country confirms that it is not the Iraqi economy and the interests of the Central Bank of the interest of the devaluation of the dinar against the dollar. 
He adds Hussein: to float the currency now in Iraq can not talk about that simple, as needed to advance measures ... it could be done if the transformation of the Iraqi economy from a yield to productive, in the sense to expand the productive base begins Iraq to change the balance of payments from the case of the deficit to the case of surplus, and this must be backed by big al - Qaeda production, only here we can talk about reducing the value of local currency against the dollar, because we are in time we will have a production base based on the economy, therefore , be the Iraqi currency is a protected national product. 
Saleh, criticized calls for lowering the value of the Iraqi dinar against the US dollar, stressing the seriousness of the Iraqi economy. As he pointed out to the presence of actors and personalities working to promote the idea of the 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 emergency cash tax affecting all segments of the people, which is inflation, and the creation of a deliberate deterioration of the standard of living in order that the state clog some deficits without to think about the management of revenues from outside oil revenues. 
The promotion of topics argumentative economic incomplete eligibility at the time of the war that the country is waging against terrorism and take it is a desperate attempt of a group of haters who want to weaken the state and the rumor of despair, there is ignorance programmed the Iraqi street process to spread the spirit of despair, we should be wary of agendas promoted by 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 liberate the land and man from the clutches of terrorism. 
It indicates the general federal budget law in one of its paragraphs to the central bank 's commitment to identifying sales of hard currency ( the dollar) in the daily auction ceiling does not exceed 75 million dinars a day with the exercise of justice in the sales process, and calls for the participant in the auction bank to provide goods enter documents and data tax settling accounts and savings Alkmarki within 30 days from the date of purchase amount and otherwise applied to the bank penalties stipulated in the Central Bank Act or regulations issued from it, and the use of other banking instruments so as to maintain the strength of the dinar against the dollar.

[Synopsis]

My opinion is this last article is repeating what has been published in the recent past regarding the crisis should the Iraq Dinar be floated. There may just be a straight revalue of the IQD against the USD (surprise!) and this may be a reverse psychology article to scare off speculative investors and/or get the Iraqi citizens to convert their IQD to USD to reduce the IQD note count in Iraq.

 

Just my opinion and 

 

Hopefully, we will know in the next few NOW DAYS!

 

Go Moola Nova!

[boosterbglee]

Well....my flip-flops are packed....just give me a sign! 

[Synopsis]

Just now, boosterbglee said:

Well....my flip-flops are packed....just give me a sign! 

 

Yep, me too, BoosterBGlee!

 

I have my two "Bug Out Bags" packed (almost completely) and ready to roll on a moments notice - hey, I even packed some brand spankin' new flip-flops, too!       

 

Go, Go, Go Moola Nova, YEAH!

      

[gregp]

56 minutes ago, Synopsis said:

 

Yep, me too, BoosterBGlee!

 

I have my two "Bug Out Bags" packed (almost completely) and ready to roll on a moments notice - hey, I even packed some brand spankin' new flip-flops, too!       

 

Go, Go, Go Moola Nova, YEAH!

      

 

I'll drive!!! What Synopsis said!! Go Moola Nova!!

 

[ChuckFinley]

I have two  Bug Out Bags ready. One with Scotch in case we have to wait out Ramada and one with Scotch for the airplane to the OSI meeting to make my cash out to the IBC.

[Synopsis]

1 hour ago, gregp said:

 

I'll drive!!! What Synopsis said!! Go Moola Nova!!

 

 

Deal, GregP! (er, well, except for the "moon"shinin' part!) 

 

Go, Go, Go Moola Nova!

[Freedomwish]

5 hours ago, ChuckFinley said:

I have two  Bug Out Bags ready. One with Scotch in case we have to wait out Ramada and one with Scotch for the airplane to the OSI meeting to make my cash out to the IBC.

 

Brother Chuck, are you sure we aren't related?! Lmao   Man, to think if this will go while I'll be away in Jamaica this weekend........ohhhhh my!

[NoviceInvestor]

7 hours ago, ChuckFinley said:

I have two  Bug Out Bags ready. One with Scotch in case we have to wait out Ramada and one with Scotch for the airplane to the OSI meeting to make my cash out to the IBC.

Be nice if we didnt have to wait out Ramadan... because my mind is geared to holiday to kick start a new beginning ... being self employed means holidays are years apart ... 

So how about Kick starting my money flow ... RV...

[sandfly]

Thanks soon