Economic Expert: Iraq Can Not Trade In Its Local Currency !

[DinarThug]

CNN. Broadcasting From The Streets Of Baghdad While Kicking The Dollar To The Curb !

 

 

(by walkingstick)

Economic expert: Iraq can not trade in its local currency

Thursday 5 October 2017

BAGHDAD (Reuters) - Iraq's agreement with other countries to trade through the local currency andabandonment of the dollar will have positive repercussions on the economic situation, the economic expert said on Thursday, pointing out that Iraq can not take such steps at the moment because of weakness Economy and the absence of national industry.

"Iraq's agreement with other countries for commercial exchange through the local currency and abandonment of the dollar will have a positive return on the economy," Smisem said, "noting that" trade in local currency will reduce the inflation rate significantly because of the lack of the need to buy Dollar or reduce the proportion of purchase. "

The economic expert said that "Iraq can not take such steps at the present time because of the weakness of the economy and the absence of national industry as it is still dependent on foreign imports and a large percentage," noting that "the agreement between Turkey and Iran on trade in local currency came because the economy of the two countries Strong and at the same level will benefit the two countries due to the decline of the Turkish lira as well as for Iran, which was suffering from economic sanctions. "

On Wednesday, Turkish President Recep Tayyip Erdogan announced the use of local currency as an alternative to the dollar in trade between Turkey and Iran. Finished 2

http://aynaliraqnews.com/index.....id22=83545

[steveh12]

Thank You Thug!!

" GIVE EM HELL "

[tigergorzow]

10 minutes ago, DinarThug said:

BAGHDAD (Reuters) - Iraq's agreement with other countries to trade through the local currency andabandonment of the dollar will have positive repercussions on the economic situation, the economic expert said on Thursday, pointing out that Iraq can not take such steps at the moment because of weakness Economy and the absence of national industry.

DT Thanks,  DV,  Keep it moving Iraq to utilize your own currency......IQD IQD......

 

GO HCL

 

GO RV / RI

[magawatt]

Ok. So if the Turkish currency =.28 USD

and the Iranian currency =.O0002 USD

So what?

[Flamtap]

4 minutes ago, magawatt said:

Ok. So if the Turkish currency =.28 USD

and the Iranian currency =.O0002 USD

So what?

Magawatt, you made my day with that post! Thank you, so much!

[blueskyline]

Thanks Thug ...

[Laid Back]

 The CBI and IMF are working together to

 

-Remove exchange control

-Stop MCP

-Give real market value to the dinar

 

Is a matter of time.!

 

 

 

[Texstorm]

Thanks DT ! There ain't know way that they are to trade dinar with their neighbors at the current rate. I bet when Iraq trades their oil and gas they are getting the equivalent of the Petro dollar back. It's time for them to increase the purchasing power ! Go DV ! Go RV ! Go IQD !

 

[wealthhound]

Bring it people, get off of your camels and get this done!

[danielchu]

weakness Economy and the absence of national industry.... means it might just be awhile!

[DinarThug]

5 minutes ago, danielchu said:

it might just be awhile!

(see his name)

Daniel - Chu Made A Charp Observation But I Hope Ch'Ur Wrong !  

 

     

[SnowGlobe7]

[Boozer]

50 minutes ago, magawatt said:

Ok. So if the Turkish currency =.28 USD

and the Iranian currency =.O0002 USD

So what?

compare Iran and Turkey, to Iraq, who is worth more, Iraq is a Rich Nation with Oil, natural Gas, Gold, and will be Great again Soon

[DinarThug]

And News Of Their Own Peeps Flocking To Get Back Into The Country !  

 

 

Nothing Atrracts A Flocking Crowd Like A Crowd - Except Maybe Raising Ur Flocking Currency !  

 

     

 

 

Thousands of refugees, including Iraqis, are leaving Greece for their country
http://www.alliraqnews.com/mod.....=66762  

[10 YEARS LATER]

Hhmmm - interesting 

[skeetdog]

Thanks DT...They need to stop the Flocking Talk and do more Flocking actions with their own currency...

[SnowGlobe7]

flocking flockers

[boosterbglee]

Get the Flock back here and start Fracking! 

[10 YEARS LATER]

8 minutes ago, SnowGlobe7 said:

flocking flockers

 

Mother Flocking Flockers 

[Theseus]

Don't know why everyone is up in arms about this article. Yes it is a call for trading in local currency but the point of the article affirms there will be positive benefits but the expert is saying they can't do it right now because of a weak economy and no national industry at the moment.  The expert is saying they cannot trade in local currency (unless the arabic to english translation is off). Just a reminder this is an economic expert. They do have a national industry beyond oil and gas but for another time and another thread. 

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Posted 1 hour ago

CNN. Broadcasting From The Streets Of Baghdad While Kicking The Dollar To The Curb !

 

 

(by walkingstick)

Economic expert: Iraq can not trade in its local currency

Thursday 5 October 2017

BAGHDAD (Reuters) - Iraq's agreement with other countries to trade through the local currency andabandonment of the dollar will have positive repercussions on the economic situation, the economic expert said on Thursday, pointing out that Iraq can not take such steps at the moment because of weakness Economy and the absence of national industry.

[10 YEARS LATER]

1 minute ago, boosterbglee said:

Get the Flock back here and start Fracking! 

 

Mother Flocking Flocker Frackers - say that fast, 5 times. 

[Wiljor]

I can see where this is going,  another flocked up thread, going flocking sideways  

[VIRGINPARADIZE]

A decision will have to be made sooner than later. Iraq will be forced to use an alternate currency (or their own Dinar) other than the falling USD. In the grand scheme of things,  neighboring countries are switching  from using the USD as the reserve currency in trading. Iraq will have to man up and decide on a  viable currency if it wants to team up with the big players . Adopting status quo is suicide. 

[RV4CandyMan]

2 hours ago, magawatt said:

Ok. So if the Turkish currency =.28 USD

and the Iranian currency =.O0002 USD

So what?

 

I'll take .28 all day long and 100 times on Sunday!

[yusofsabri]

Intel Guru Dr. Clarke says OCTOBER, OCTOBER, OCTOBER, OCTOBER, OCTOBER