IRAQ DINAR needs economic stability to make it a desirable CURRENCY INTERNATIONALLY! (12-03-2013 )

[ALBUNDY]

Hamid al-Musawi: Iraqi dinar needs economic stability to make it a desirable currency internationally

 

12-03-2013

 

Economic expert Hamid al-Musawi, the importance of activating productive sectors reduce foreign imports of goods and services in support of the Iraqi dinar and make it desirable for all countries of the world.
 

 

 

He said al-Musawi (News Agency): monetary policy pursued by the Central Bank with responsibility for global and regional States rejected the deal in Iraqi dinar, as it does not exit the large amounts of national currency for fear of fraud.

He added: the Iraqi dinar needs political stability and the economic diversification of revenue and increase the total production of the country and keep the price paid for hard currencies as the dollar to become an international currency dinar is desirable in all countries of the world.

 

Read more: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.sotaliraq.com%2Fmobile-news.php%3Fid%3D91690

 

[sandfly]

SO REALY, WHAT ARE THEY SAYING.

[ALBUNDY]

some experts can help us out here.

[jeepguy]

this reads like ---> lets put iraqi people to work, give them exports not imports,  make iraq a better place to find a work and busness friendly economy that the dinar will be used daily , over the dollar, --- basicially sounds like the economist are pushing for the dinar to raise in value , not too loose it`s value against the other currency in the region , get the dinar equal to the dollar or better , and not to loose the value through importations .  make the banking industry strong, and better prepared to spot fraud , and conterfiet currency or dinars,  --------> looks like this guy holds a lot of dinars  ,,,  just my reading of this article , 

[uncirculd]

Heck NO ONE TRUST THEM.   they need POLITICAL stability.   They need to taper the corruption.  It's so out of hand.  It's widespread and no one will invest till this crap is taken care of.  And to me, it appears they want to keep it the way it is.

[tellmewhen]

uncirculd,  I agree, they talk a good game but never any follow through.. It seems to me somebody is profiting from their continued sanctions

[dontlop]

uncirculd,  I agree, they talk a good game but never any follow through.. It seems to me somebody is profiting from their continued sanctions

 ...saudi arabia .. kuwait .. uae ..

[staunch]

I don't think it is so much profiting from sanctions as it is losing profit as the result of lifting sanctions. Same difference I know, but I have been wondering about this for a while now.

[sandstorm]

Heck NO ONE TRUST THEM.   they need POLITICAL stability.   They need to taper the corruption.  It's so out of hand.  It's widespread and no one will invest till this crap is taken care of.  And to me, it appears they want to keep it the way it is.

agreed. they need political stability just to have international demand. they will need to achieve this for many years to become a reserve currency.

[Diddle]

I think the article is saying exactly what the article is saying without any hidden meaning:

 

"the Iraqi dinar needs political stability and the economic diversification of revenue and increase the total production of the country".

 

(We cold've told them that!) 

 

[Lorenzo]

So perhaps we need to create a demand for Iraqi products and stop buying the junk from China - any ideas out there on how that can happen?