Financial expert: dinar needs economic stability to be desired outside Iraq

[alan_coaks_3]

7 - 4 - 2012

Return useful financial expert Elias Abbou, because of the unwillingness of world powers to deal with the Iraqi dinar exchange rate fluctuations to front of hard currency and the absence of political and economic stability in the country.

He said Abbou (News Agency news) on Wednesday: monetary policy by the Central Bank responsible for global and regional States rejected the deal in Iraqi dinars, as they do not allow exit of large amounts of local currency abroad and restricting passengers to take limited amounts of dinars when travelling.

He added that the Central Bank feared entry counterfeit currency when you allow the entry and exit of the Iraqi currency, but allowed out of the country would force countries in dealing and become internationally acceptable and has real value to other currencies.

And: the Iraqi dinar needs political stability and the economic diversification of fiscal revenue and increase the total production of the country and keep purely for hard currency rate as the dollar to become an international currency dinar is desirable in all the Nations of the world.

Often complains about Umrah travellers from non-global States, particularly neighbouring States in Iraqi currency abroad for fear of fraud or speculation, as well as the continuing decline of the dinar against the dollar.

My link

[Carrello]

My favorite paragraph:

"And: the Iraqi dinar needs political stability and the economic diversification of fiscal revenue and increase the total production of the country and keep purely for hard currency rate as the dollar to become an international currency dinar is desirable in all the Nations of the world."

How do you get total production of the country? You produce goods and services, develop resources, put people to work. There is one distinct program that pushes the implementation of production at this point, and that is the tariffs system. Along with infrastructure improvement, improved banking systems that provide loans to small businesses and international investment, this country should be flourishing.

Thanks for the post.

[alan_coaks_3]

it should be but i guess things are not ready yet