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Showing results for tags 'dinar rise.'.
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Luigi found this article of Dinarian interests... Article suggests the RV/RI may be a long ways off. Many conditions must happen before the Dinar rises against the USD. Treat as a rumor. Not verified. Your opine. From another undisclosed Dinar site: AL-KAZEMI’S ADVISOR TALKS ABOUT THE DINAR’S RISE AGAINST THE DOLLAR: Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed, on Friday, that the improvement in the value of the dinar is subject to several conditions that must be met and achieved, specifying the rate of high inflation in the country. Saleh said in a statement, followed by NRT Arabia, (June 25, 2021), that “the improvement in the value of the Iraqi dinar is related to the economy’s ability to grow if significant growth is achieved in the economy and not rent growth,” explaining that “expectations indicate a current growth of 2.5%, and this growth corresponds to real population growth. He added, “This needs proper development, reducing unemployment, increasing job opportunities and flourishing investment projects, which encourage and generate income that compensates for oil and gives sustainability in returns and sustainability with the strength of the economy.” Saleh explained, “There are two important things, the 1st is the monetary policy that maintains the stability of the exchange rate and 2nd creates a stable environment for a long period, and the second is to support investment projects for development and growth, because without growth the situation will be bad" And regarding the rate of high inflation, Al-Kazemi’s advisor indicated, “There are two types of goods, tradable goods, most of which are imported and linked to the exchange rate, and non-tradable goods that are local, such as services and others.” He stressed, “If we collect tradable and non-tradable goods, we will find that inflation did not increase more than 6%, and therefore it is considered reasonable and controlled inflation compared to the significant devaluation of the dinar.”
