Financial expert: proposed distribution of staff SALARIES in HARD CURRENCY would hurt the economy of the country (11-05-2013)

[ALBUNDY]

Financial expert: proposed distribution of staff salaries in hard currency would hurt the economy of the country

 

11-05-2013

 

 

Financial expert warned on behalf of Hadi al-Tamimi, the parliamentary Finance Committee's proposal to distribute employee salaries in hard currency rather than the Iraqi dinar, as it would damage the national economy and help raise the dinar exchange rate against the dollar.
 

 

He said Al-Tamimi (News Agency): the proposal made by one of the members of the Finance Committee to distribute salaries to State employees in dollars, would hurt the country in terms of its impact on the size of the central reserve of hard currency, with traders and owners get a dollar for import.
 

 

 

He added: the staff is too large there will swell in the market and an imbalance in the balance of supply and demand for currencies, and this will affect the value of the national currency, stressing the importance of continued Central Bank publicly sold its hard currency with other process control of some outlets, particularly in the banks.
 

 

 

This was one of the members of the Finance Committee proposal to the Parliamentary Committee to deal with the Central Bank and Ministry of Finance on the distribution of salaries of all civil servants in foreign currency (USD) for one month to end ' exploit ' private banks and banking companies.
 

 

 

The dollar rose versus the record of Iraqi dinar and the difference from the official exchange rate announced by the Central Bank of Iraq up to 10,000 dinars for every 100 dollars of the Iraqi dinar

Read more: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.sotaliraq.com%2Fmobile-news.php%3Fid%3D99804

 

 

[sandfly]

THANKS

[Blondie121]

Obviously there has to be elections of some sort coming up "soon" if they are actually discussing the plight of the poorAND the payment of salaries

[ALBUNDY]

yep.

[stlou]

 

Financial expert: proposed distribution of staff salaries in hard currency would hurt the economy of the country

 

11-05-2013

 

 

Financial expert warned on behalf of Hadi al-Tamimi, the parliamentary Finance Committee's proposal to distribute employee salaries in hard currency rather than the Iraqi dinar, as it would damage the national economy and help raise the dinar exchange rate against the dollar.

 

 

He said Al-Tamimi (News Agency): the proposal made by one of the members of the Finance Committee to distribute salaries to State employees in dollars, would hurt the country in terms of its impact on the size of the central reserve of hard currency, with traders and owners get a dollar for import.

 

 

 

He added: the staff is too large there will swell in the market and an imbalance in the balance of supply and demand for currencies, and this will affect the value of the national currency, stressing the importance of continued Central Bank publicly sold its hard currency with other process control of some outlets, particularly in the banks.

 

 

 

*******This was one of the members of the Finance Committee proposal to the Parliamentary Committee to deal with the Central Bank and Ministry of Finance on the distribution of salaries of all civil servants in foreign currency (USD) for one month to end ' exploit ' private banks and banking companies.*************

 

 

 

The dollar rose versus the record of Iraqi dinar and the difference from the official exchange rate announced by the Central Bank of Iraq up to 10,000 dinars for every 100 dollars of the Iraqi dinar

Read more: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.sotaliraq.com%2Fmobile-news.php%3Fid%3D99804

 

I think people are missing something here.  Where I have marked this article is very telling.  They want to pay the salaries for one month in USD, rather in dinar.  Why?  Because it is entirely possible that they are planning an increase in the value of the dinar within the next month.  Now the second part is just as telling.."to end exploit private banks and banking companies".  now..if you were paid in dinar for the current month, and the value increased after you were paid, it is entirely possible you will take those 25000, 10000, and whatever notes to the bank and EXPLOIT them with the new re-valued amount.

 

that's my 2 cents for today.

 

 

[10 YEARS LATER]

Doing everything but the One Thing . . . god these people are incredible.

 

Hurry up !