yota691 Posted December 1, 2015 Report Share Posted December 1, 2015 The Iraqi dinar exchange rate options Version: paper - International Tuesday, December 1 / December 2015 (00: 0 - GMT) In light of the suffocating financial distress taking place in the Iraqi economy because of the large decline in oil prices, and experts concerned to discuss the most appropriate option to determine the dinar exchange rate. The Iraqi parliament discussed before the possibility of lowering the dinar-dollar exchange rate by 10 percent to 1300 dinars to provide the general budget of 5 trillion dinars ($ 4.2 billion), or down 20 percent to 1400 dinars to provide nine trillion dinars. There is no doubt that reducing the rate of the dinar was any additional resources will provide the public budget because it will increase the amount of the Iraqi dinar, which you get by the Ministry of money in exchange for the replacement of its revenue from oil or foreign loans in dollars with the Central Bank. But artificial way to increase government resources at the expense of citizens. Valmtdharr is normal especially those with limited income citizens will drop as the purchasing power of their incomes, especially prices of imported goods, as creditors will be affected in the local currency, including the Iraqi government bondholders at home. Almost adoption of Iraq entirely on oil revenues and the weakness of other resources as commodities and services, excluding oil, or the existence of financial investments abroad or large foreign reserves, and the high cost of external borrowing, are all indicators to a lack of available to address the problem of the current lack of government resources from foreign exchange options. This makes cut spending on the one hand and try to increase some direct taxes and fees types and the issuance of treasury bonds in the local market solutions are inevitable. Anyone who has followed the march of the Iraqi dinar exchange rate when it was equal to $ 3.3 for before the start of the Iraq war - Iran until it reached 3000 dinars to the dollar, during the recent years of economic blockade, ie, from 1990 to 2003, he realizes that the problem simply lies in the difference between the width dollar demand the one hand, and between the supply and demand for the dinar on the other hand. It is a simple equation of price control not only the currency, but all kinds of goods and services. So if it is difficult to state control to one end of the equation have to control the second party to ensure that the incomes of the exchange rate in chaos. When it was Iraq's resources from limited oil by the First Amendment of oil prices in 1973, he hired the law of the currency, which is a remnant of the gold standard, and is supposed to cover 70 percent of exporting gold and foreign currencies, currency, to control the amount of display dinar through government spending. Because of the Iraqi - Iranian war abolished the currency law and disturbed the balance between the supply and demand of foreign exchange as a result of the increased military and civilian government spending. The government allowed the private sector to import goods from its resources and sell prices are not subject to its control. Thus, there are two prices has become the exchange: official he keeps to $ 3.3 and is used for official expenses, and parallel is determined by the relationship between the foreign currency supply and demand. And the expansion of much difference between the two prices after the imposition of the economic embargo on Iraq in 1990 rose parallel to 3,000 dinars sometimes. After the occupation and again allowing the export of Iraqi oil and the liberalization of deposits frozen, it was expected that the reform of Iraq hereby withdraw cash surplus banknotes from circulation. But he used the daily currency auction which specific amounts of dollar sold to the banks and the private sector to meet domestic demand for foreign currency, especially for the purposes of importation. And it resulted in the continued increase in oil revenues to a gradual improvement in the exchange rate even reached 1220 dinars to the dollar. Many politicians and technicians and that is the daily currency auction way to smuggle the dollar by private banks under the pretext of import. And increased their criticism in the light of the current financial crisis. The question addressed by concerned now in Iraq is: Do I have to continue in the daily currency auction, despite accusations to the auction? Or it should halt its work and resort to other means if it becomes free and purchased the process of selling the dollar without restrictions as some suggest? The choice of the appropriate exchange for any state-minute process of price and related economic and financial situation of the State Economic and its ideology. The state that choose full flotation of its currency and make it sell the currency and buy Harin and without restrictions are usually powerful developed economies that have sources of important and multiple foreign currency and be their currencies of importance in international trade and investment flows and have large reserves of an international weight currencies. The countries that demonstrate their currencies in a foreign currency and one as dollar or a basket of currencies, Felthafez at this price in front of her two options: first, to have large reserves of foreign currency and gold to enable them to intervene to support the currency price installer when necessary, eg the Gulf Cooperation Council (GCC).And second, to maintain the exchange rate through the management of this price by the monetary authority that affect the factors that determine the demand for foreign currency. This is what Iraq was doing before the first oil boom. As in Iraq, the government does not have an official rate of the dinar against the dollar or a basket of currencies. The old and the price is no longer $ 3.3 Mstamla any type of trading, even though he has not been formally repealed. Accordingly, and in light of the limited resources currently of foreign currency and the difficulty expanding beyond oil resources, it is imperative that manages the State the current exchange rate through the development of the central bank balance of foreign exchange determines the share of each paragraph of imports of goods and services and transfers without charge and others. And thus can maintain the stability of the current price on the one hand, and restricting expenditure in foreign currency limits of available resources on the other hand, to become favorable conditions for monetary reform and the adoption of an appropriate official exchange rate. 13 1 Link to comment Share on other sites More sharing options...
Shelley Posted December 1, 2015 Report Share Posted December 1, 2015 I'll take an appropriate rate :-) nothing like a good opinion piece, I wonder if Parliament reads these things. Thanks Yota 4 Link to comment Share on other sites More sharing options...
NeedRv Posted December 1, 2015 Report Share Posted December 1, 2015 I will gladly take a 1:1...... Heck I will even take .75 3 Link to comment Share on other sites More sharing options...
TQueezy Posted December 1, 2015 Report Share Posted December 1, 2015 I might just buckle if it hit a quarter piece per dinar. 2 Link to comment Share on other sites More sharing options...
djiboutikid Posted December 1, 2015 Report Share Posted December 1, 2015 (edited) Shucks, I'll bite at a dime, but anything more than that would keep me smiling for quite a while Edited December 1, 2015 by djiboutikid 5 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 1, 2015 Report Share Posted December 1, 2015 so if it comes out at a pegged once cent...who is cashing in and who is gonna hold out for more? 1 1 Link to comment Share on other sites More sharing options...
chris2028 Posted December 1, 2015 Report Share Posted December 1, 2015 so if it comes out at a pegged once cent...who is cashing in and who is gonna hold out for more? I would probably cash in a small portion just to get the satisfaction that I actually did it . Buy some groceries with it and wait for it to go up some more. :-) 3 Link to comment Share on other sites More sharing options...
moose 57 Posted December 1, 2015 Report Share Posted December 1, 2015 (edited) so if it comes out at a pegged once cent...who is cashing in and who is gonna hold out for more? I would hold out- not for long though Edited December 1, 2015 by moose 57 4 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 1, 2015 Report Share Posted December 1, 2015 ***/// Nobody is "cashing in / out "... We're all "EXCHANGING" currency.... Gotta watch that terminology or suffer the wrath of hobummer's illegal IRS cabal....! 6 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 1, 2015 Report Share Posted December 1, 2015 (edited) I have to agree with both of you.....I might just exchange a bit, depending on where my family is financially, but for me if it came out at a penny the odds are that it would go up...right? (but we are dealing with Iraq...who knows) Thanks gals....I appreciate the correction!!!! Edited December 1, 2015 by SnowGlobe7 3 Link to comment Share on other sites More sharing options...
chess Posted December 1, 2015 Report Share Posted December 1, 2015 (edited) ....go to the cryogenics lab and just wait!............................. ................. zzzzzzzzzzzzzzzzzzzzzzzz Edited December 1, 2015 by chess 3 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 1, 2015 Report Share Posted December 1, 2015 ***/// We don't wanna wait 3 more years until it gets to +/- 1.374 We, too, might be at the International Currency Exchange window when we see it debut at a dime ! ....go to the cryogenics lab and just wait!............................. ................. -_-zzzzzzzzzzzzzzzzzzzzzzzz ***/// Exactly....Where do ya think us 2 'ol bats sleep....? hangin' upside down in the Bat Cave...?! We're chambered right next to Walt Disney's Nazi-lovin' severed head ! 2 Link to comment Share on other sites More sharing options...
Laid Back Posted December 1, 2015 Report Share Posted December 1, 2015 CBI is getting ready to give more value to the dinar. The country has been dollarize for years They have liquidity problems, because they have been reducing the note count They have enough reserves in hard currency and gold Go CBI Go dinar Go increase exchange rate 6 Link to comment Share on other sites More sharing options...
yota691 Posted December 1, 2015 Author Report Share Posted December 1, 2015 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 1, 2015 Report Share Posted December 1, 2015 LOL Yota.....come on do not hold back friend....what do you think???? 2 Link to comment Share on other sites More sharing options...
four wheel drift Posted December 1, 2015 Report Share Posted December 1, 2015 Exchange in 3 increments, 33.3 percent each time. I wouldn't exchange this year even if it happens . I want time to make money for the taxes. I want my vacation house in the keys for fishing, diving drinking a relaxing. Just thinking out loud. Lol FWD GO RV 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 1, 2015 Report Share Posted December 1, 2015 NO please think out loud...that is why we are all here...we have great minds here! We have all seen what we can acomplish when we all put our minds to it!!! 2 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 1, 2015 Report Share Posted December 1, 2015 ***/// Dunno, SNOW --- we may be a bankrupt Brain Bank ! 2 Link to comment Share on other sites More sharing options...
Shedagal Posted December 1, 2015 Report Share Posted December 1, 2015 While I would be happy to see any kind of increase, I would hold on at a penny. Each person has to operate on their own comfort level, but I cannot believe that is the end of the value. If it increases .10, .23, or more, I might exchange a few of the lower denoms just to get familiar with how the process works. It's not that I couldn't use some extra funds; I just want the optimal increase on investment. 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 1, 2015 Report Share Posted December 1, 2015 While I would be happy to see any kind of increase, I would hold on at a penny. Each person has to operate on their own comfort level, but I cannot believe that is the end of the value. If it increases .10, .23, or more, I might exchange a few of the lower denoms just to get familiar with how the process works. It's not that I couldn't use some extra funds; I just want the optimal increase on investment. I like the way you think OPTIMIZATION! 2 Link to comment Share on other sites More sharing options...
Candy01 Posted December 1, 2015 Report Share Posted December 1, 2015 LOL chess!! :lol: 1 Link to comment Share on other sites More sharing options...
djiboutikid Posted December 1, 2015 Report Share Posted December 1, 2015 so if it comes out at a pegged once cent...who is cashing in and who is gonna hold out for more? I have to pay off Angel financing first, but I would hold out most for an increase obviously. Link to comment Share on other sites More sharing options...
SidneyJr Posted December 1, 2015 Report Share Posted December 1, 2015 I just want to see the trend line headed in the right direction. I've been Investing in Iraq since 2008. I just want to see something. Even if it's a dime. 2 Link to comment Share on other sites More sharing options...
"Fred" Posted December 1, 2015 Report Share Posted December 1, 2015 Exchange in 3 increments, 33.3 percent each time. I wouldn't exchange this year even if it happens . I want time to make money for the taxes. I want my vacation house in the keys for fishing, diving drinking a relaxing. Just thinking out loud. Lol FWD GO RV I'm hoping to do some treasure hunting,fishing and drinking in the keys as well,just not in that order... 1 Link to comment Share on other sites More sharing options...
jg1 Posted December 1, 2015 Report Share Posted December 1, 2015 Bump 1 1 Link to comment Share on other sites More sharing options...
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