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In Order To Revive The Iraqi Economy Experts: The Diversity Of The Currency Basket Is The Best Solution To Address The Low Value Of The Dinar !


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(by sager)

In order to revive the Iraqi economy experts: the diversity of the currency basket is the best solution to address the low value of the dinar against other currencies

05/14/2014


Mushtaq Al-Jassem

A number of specialists and economists that there is diversity in the basket of currencies of the Iraqi order to develop and activate the economic process in the country, while the student a number of specialists structural reforms on the work of the economic sector. Says economist Faraj Saad Allah of the best solutions to address the low value Aldenarabraghi against other currencies is the diversity of the reserve with the Central Bank «reasoned that it« will make us deal with the exchange rate of the dinar according to the real value of it.


FULL ARTICLE HERE: http://almustashar-iq.net/index.php/permalink/36948.html

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The image with the article is also interesting. In the image are two notes that might be Iraqi and seem to have low values.

https://dl.dropboxusercontent.com/u/65695089/Low%20Notes.jpg

Sorry couldn't figure out how to embed an image. Areas of interest are circled.

Looks like one is from China , and the other is 10 Euro (I think)

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I refuse to put my hand in the Lopster tank.....

 

Nice article, in that it adds to the ever increasing chorus of experts who are calling out for

an increase in the value of the Dinar, through various means or ways.

 

The best thing in life RV

 

yak

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It's exactly what Libya did

De pegged from the dollar

Pegged to the sdr <<<<< IMF basket of currency

Accepted the agreements under article 8 at the IMF

their exchange rate around 75 cents now

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Here Is A Part 2 To The Original Post With An Opening Comment By Sager @ Ktfa ...

 

 

 

Found more on the Article I posted earlier - NOTE the part where they talk about FLOAT...doesn't mean it will float from a low value. IMO, they are referring to floating WITH the USD... floating in comparison TO the dollar... floating LIKE the dollar:

Sager 


----------------------------

And that this support «will generate economic activity in the market and will give the tributaries of New noting that« in the case of the interaction of all sectors .. THEN WE DISENGAGE THE DINAR TO THE DOLLAR. promised Saadallah, Iraq's dependence entirely on oil revenues and put them in the future fund or cash reserve , is not enough. said we must give ourselves the chance a year or two even interact sectors because Iraq active on the regional and international level then say NFC link and make a basket of currencies ». while industrial Mohammed fair has called for speeding up to be a basket of currencies,« on the grounds that IT WILL FLOAT THE IRAQ DINAR TO THE DOLLAR for the purposes of import case if other currencies. expressed his objection to talk about the dominance of the dollar on the Iraqi economy because the dollar is not dominant only in Iraq, but in all the regions of the Middle East, being the currency of a major task. stressed that «this decision (basket) takes time and effort, and it needs a decision by the Central Bank of Iraq because it is primarily responsible for this subject/

Therefore put on the scene the idea of ​​switching to a basket of currencies or the policy of adhering to constantly linking the local currency to the dollar.

http://almustashar-iq.net/index.php/permalink/36948.html

 

B)    B)     B)

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Hopefully on par with the Kuwaiti dinar and the Saudi Riyal . Sounds good to me.

The Saudi Riyal is worth $0.266 U.S. You take the U.N. Operational Rate of Exchange listed of 3.75 and divide that into 1.00 to get the U.S. dollar exchange rate.

Kuwait's is listed as 0.283.......that equates to $3.53 USD.

Edited by TennesseeCherokee
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