yota691 Posted May 10, 2015 Report Share Posted May 10, 2015 Dollar confused Iraqi street The number of visits: 182 Published on: Yesterday, 13:44 Published by: Hamid Questionable project for a large number of citizens on the secret that makes the dollar continues to rise without treatment for the problem, they said in a letter arrived at the agency of Karbala news is that this rise has caused a state of economic recession hit most sectors, affecting clearly on the poor layer where a rise of the dollar rising prices Most of the materials and consumer goods, especially the main ones that go into prejudice and contact with the citizen's life and appealed at the same time the government authorities to find solutions and alternatives to reduce the phenomenon of the dollar higher, which jumped to more than 130 000 dinars per paper $ 100 category at a time when less than 120 000 dinars. 1 Link to comment Share on other sites More sharing options...
tommyboy Posted May 10, 2015 Report Share Posted May 10, 2015 Kinda sounds like inflation. Not good. Link to comment Share on other sites More sharing options...
jeepguy Posted May 10, 2015 Report Share Posted May 10, 2015 mmmmmmmm inflation , or deflation , that is the question .... I am not in the corner of knowledge about how this occurs .... I have noticed that , when the dollar is high in value , we { me } work more hours , make more money , have less time too spend that money ... so it has the effect of making more money . because the demand of goods ...... but others have stated { those who actually have degrees in money } that in fact what happens is when the u.s. dollar is high in value then the exports are down , imports are up { we buy more out side of the country ...... } now the above article ..... the dollar is high in value and the dinar is losing , this is or has to be an editorial of opinion to the writer , according to those in the degree department the dinar should be moving up against the dollar in Iraq seeing how the exports are rolling out too the high valued money zones { the u.s. } or other high valued currency zones ! I take it that Iraq was almost in the sweet spot of economic times ! this was back when oil was at or around 80 too 100 per barrel on oil , but malarkey and his b.s. buddy system killed all hopes of a powerful currency for Iraq ... { to busy screwing with the tribal guys } but the other article from yesterday states that Iraq missed the great move on dinar when oil was u because they could not pass the zero deals through the parliament or some other lame excuse ! { it was so goofy that I put the idea in trash thoughts 99 in brain pan area } so now they have low oil pricing , low dinar values , high u.s. dollar demands on the street ! I do not think it is inflation that is the problem here , it is the lack of being able too move forward in the central bank and government areas someone is letting the moment slip away again ! roll out a value on dinar , and watch re-flation and buying power get back to what it was .... toooooo many economic students in the kitchen and not enough bakers around the stove too make this cake a done deal ! just my opinion folks 1 Link to comment Share on other sites More sharing options...
Nelg Posted May 10, 2015 Report Share Posted May 10, 2015 (edited) Want to be on par with the dollar? Revalue at the worth of the dollar. Maintain the same value as the dollar changes in price. No confusion as to the value would remain: one dollar = one dinar. I know it would help my understanding. Edited May 10, 2015 by Nelg Link to comment Share on other sites More sharing options...
MillieChatham Posted May 10, 2015 Report Share Posted May 10, 2015 Yes! RV 1:1 would solve the problem. 1 Link to comment Share on other sites More sharing options...
jeepguy Posted May 10, 2015 Report Share Posted May 10, 2015 I do like that nelg ...... Link to comment Share on other sites More sharing options...
denster Posted May 10, 2015 Report Share Posted May 10, 2015 When they start to print the One Dinar bill I think it's time to revalue Link to comment Share on other sites More sharing options...
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