Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Economists: can not unlink the dollar for the Iraqi dinar


hammer911
 Share

Recommended Posts

20-10-2013 | (Voice of Iraq) - comment.PNG Add a comment -

 

Despite the announcement the White House end of the crisis closure of government the U.S. but there is another crisis threatening the U.S. economy is the high ceiling of the government's debt the U.S. to record levels reached 17 trillion dollars, a large sum difficult to deal with in the absence of indicators for the U.S. economic recovery is Mihdd crises economic New threaten the dollar zone.
Center Economic Media said in a press statement received PUKmedia, a copy of it, the need for monetary policy in Iraq and in cooperation with the Iraqi government on the transfer of Iraq from the dollar zone, which is exposed to the risk of real economic not experienced since the Great Depression in the twenties of the last century, which would require a study to find alternatives to the dollar in the reserves of Iraq's foreign currency basket includes Asian currencies more stable, such as the Chinese yuan in addition to the euro and the pound sterling and the Japanese yen and other currencies are stabilizing higher than the dollar in addition to promoting the transformation of the phenomenon of dollarization in the Iraqi market to a basket of currencies this through drawers partial start these currencies in the currency auction and encourage the Iraqi market traded through payment in these currencies, especially for imports coming from countries that are trading those currencies.
Center, a member of the Finance Committee announced parliamentary Najiba Najib said the current Iraqi currency with limited categories does not correspond with the budget for Iraq and not be encouraging for investors so Aztron to trading foreign currency, "the dollar."
Najib said in permit for PUKmedia, on Sunday, "that if there were coins from class 200 or 250 thousand was an encouraging motivation to improve monetary policy."
He stressed that "the current form without studying hard and without reform the economic and financial system in Iraq and the current currency denominations disengagement of the Iraqi dinar to the dollar."
MP Najib confirmed that the "disengagement of the Iraqi dinar to the dollar needs to raise the value of the Iraqi dinar and the plans, strategies and clear and the use of some economists."
For his part, professor of economics at the University of Sulaymaniyah Khaled Haidar said delinking the dinar from the dollar is possible that the Iraqi economy is unilateral ie, that Iraq exported oil and imports most of its needs from abroad any dollar against Iraq in all cases to crises.
He said Haider told PUKmedia, said on Sunday that "Iraq he can seek to reduce the link dinar to the dollar by increasing domestic production and reduce imports from abroad, leading to bridge the growing demand caused by increased purchasing power relative in addition to increasing the number of population in the country."
The White House has issued on the first of October, the current orders to federal government departments partial cease to operate, after Congress failed to reach an agreement on the budget for the new year.
The Congress approved the U.S. on October 17 current, a bill ending partial closure of the government departments and sparing Washington defaults on its debt, and hours before the deadline to raise the debt ceiling to 16.7 trillion dollars, but facing Washington risk of defaults.
Several countries have warned of the impact of oil closures U.S. government on the financial dealings of her country and its income from oil and especially that dealing with the United States directly.
Iraq has a yield unilateral country depends on oil dramatically in the financing of public budget and the contribution of oil more than 90% in the GDP of the country.

 

 

  • Upvote 2
Link to comment
Share on other sites

this  looks like the  first of many studies to de-dollarize the area , and get the dinar back on track , to become a powerful currency in Iraq again ,  but how long will it take before these guys take this and make it so ???   

  • Upvote 1
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.