Experts welcome the consolidation of an Arab currency and the establishment of common market

[NB2D]

Between a number of experts and professionals in the economic aspect that the proposal that was presented at a meeting of finance ministers Arabs in Baghdad to unify the currency of Arab and create a common market will work to maximize economic efficiency within the cluster that you want integration, explaining that he needs to stages prior carried out by these countries.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh (range) that the stages that precede the process of currency unification of Arab, including Free Trade Area of the major, as well as Union Alkmarki where the Arab countries tax exemptions among themselves, and be Tarafadtha customs towards countries outside the bloc, the same value results in the exchange of goods between the countries of the bloc’s high value-added be liberated from all customs taxes.

Saleh added: The following procedure is known as the Common Market, which includes the Arab countries, indicating the free movement of capital within the market easily in addition to the political unification of the financial and cash between countries, as well as the establishment of a single central bank will issue the single currency.

For his part, said the economist as Abdul Hadi’s (long) The economic integration of Arab countries in terms of a single currency will give strength to the Arab economy in general, noting that this procedure is one of the highest stage of economic integration, calling for the need that each one of the these countries through a program of cross-fertilization between Ktabieih wealth and human.

Most of the economic levels are inconsistent.

He said Abdul Hadi: There are some actions prior to this issue, which is for fiscal policy is created through which Arab bank manages the currency Arabic, and thus monetary policy becomes not subject to Arab governments, which means giving up part of the fiscal policy, asking, I wonder if that States and after the completion of stages Economic eligible capable of waiver, pointing out that this is a major challenge Kalmugod in the European Union.

Furthermore, said a member of the Finance Committee in the House of Representatives Majida al-Tamimi (range): This project needs to analytical studies of the economics of the Arab countries, indicating they differ in terms of resources there are countries excel human resources and other viable agriculture, noting that Sudan is the food basket Arab in terms of water and fertile land.

Tamimi said: that the results of the single currency will benefit the public through the rotation of the work that result in a cash surplus to draw investments, indicating the need for security and political stability of the Arab countries.

He noted that the united Europe when its currency was able to save Greece from the economic collapse that hit all the joints of public life.

In the meantime, according to a member of the Economic Committee in the House of Representatives Amer winner that the proposal that was presented at a meeting of Arab finance ministers in Baghdad to unify the currency and the establishment of Arab common market will support the economies of Arab countries, particularly the Iraqi economy.

He said Fayez, according to (of the Agency news) should not forget that the principle of the Union means the power, in order to unify Arab stances and political rapprochement and economic between them must be the integration of Arab economic, through the consolidation of common markets and currency Arabic, which will support the economies of all countries Arabic, the fact that these countries enjoy great wealth and in all sectors, whether agricultural or industrial or oil or tourism.

He said Fayez: In the event of economic integration Arab and the issuance of a unified Arab currency, this will give economic power to all Arab countries including Iraq, because most Arab countries have the spring and became regimes where democracy after the dictatorship of the object to the establishment of such activities, pointing out that the opportunity is now appropriate to make the Arab economy enjoy development and prosperity. The Ministers of Economy and Finance Arabs who met in Baghdad as part of the meeting of Economic and Social Council of the Arab Summit Conference of Arab, had touched the subject of Arab economic integration and monetary union of Arab and Arab markets make the joint.

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[zigmeister]

This could be an interesting twist.

[NB2D]

Hmm, so talks of a unified arab currency, as well as the GCC oil estimates to 65 Trillion? Yeah I think there is enough backing to call the dinar the recognized and unified currency with a revaluation.... Speculation or possiblility?

[OregonHopeful]

This is a good thing! If the plans are back on for a unified Arab currency!!!!!!!! Before they can unify the currencies, all the currencies have to be equal in value.

The IQD would have to raise quite a bit to even be in the ballpark. This would be done in stages. So don't cash out all your dinar on the first stage!!!

[leesburg]

ya there tired of this crap over there .. they get together and decide which country will terrorize the rest of the world .. and so what if one countrys currency gets devalued .. ..see if they have one currency ..then they can terrorize the world and claim innocense and you cant devalue their currency cause another country is terrorizing .. but in reality covertly they are all in on it ....like right now iran would have a powerful currency just like kuwait does .. and if iraq attacks kuwait again they can do it with plenty of cash .. and a valuable cash at that .. why they could go to china and buy plenty of missles .. even while they are at war with the west .... cause .. the rest of the arab states would keep their currency nice and strong .. ya this could be good ......

good for the terrorists

every country should be accountable for their own currency ..the euro proved that already

[TheArtistFormallyKnownAs]

Hey NB2D

Love the Bush Cocaine picture http://forum.prisonplanet.com/index.php?topic=62901.0

[BigFrankD]

This is a good thing! If the plans are back on for a unified Arab currency!!!!!!!! Before they can unify the currencies, all the currencies have to be equal in value.

The IQD would have to raise quite a bit to even be in the ballpark. This would be done in stages. So don't cash out all your dinar on the first stage!!!

This simply isn't true. Read up on how the euro came into existence.

[yota691]

ya there tired of this crap over there .. they get together and decide which country will terrorize the rest of the world .. and so what if one countrys currency gets devalued .. ..see if they have one currency ..then they can terrorize the world and claim innocense and you cant devalue their currency cause another country is terrorizing .. but in reality covertly they are all in on it ....like right now iran would have a powerful currency just like kuwait does .. and if iraq attacks kuwait again they can do it with plenty of cash .. and a valuable cash at that .. why they could go to china and buy plenty of missles .. even while they are at war with the west .... cause .. the rest of the arab states would keep their currency nice and strong .. ya this could be good ......

good for the terrorists

every country should be accountable for their own currency ..the euro proved that already

What do you think is going on now!! Except they are using the USD and some of these folks like Pakistan, Afghanistan, Muslim Brotherhood and many more, are getting it from our Prez !! So what the difference!!