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Economist offers a way to maintain the strength of the local currency


6ly410
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Economist offers a way to maintain the strength of the local currency

 

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https://www.mawazin.net/Details.aspx?jimare=33394

 

9th February, 2019

 

 

The economic expert, Baqir Kazim, Saturday, presented an effective way to maintain the strength of the local process.  

"It is necessary to maintain the balance of the monetary mass in circulation by withdrawing the Iraqi dinar surplus from the need of the domestic market and the stability of the exchange rate," Kazim told Mawazine News. "The importance of providing foreign currency liquidity needed for traders and businessmen to meet the needs Iraqi market". 

He added that "the Central Bank of Iraq represents a part of the system of economic solution to the value of the Iraqi dinar and not the whole solution, especially as he was the only contender in the economic arena has achieved monetary achievements in the context of the duty of monetary and his quest to reduce the value of the Iraqi dinar exchange rate against the US dollar in the market Local ". 

"The stability of the value of the currency can not be studied in isolation from the facts of economic reality and its basic components," he said. 

He stressed that "the most important elements of the value of the currency based on four pillars of the basic and is like a square building, which is based on four pillars or pillars of leverage, represented by monetary and financial policies and development policy, in addition to political skills, ie political stability, social and security and administrative capabilities in the management of the country and the employment policies and wealth Material and human ".

 

"In economics, they are called policies, which must be integrated and harmonized as a single package in their growth and development so that these policies contribute to the pace of their coherence in raising and enhancing the value of the currency (purchasing power),"Kazem said

 
 
Edited by 6ly410
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I believe the monetary mass is 42 trillion IQD 

70 % of the monetary mass is the chunky cash stashed at home

The 70% of 42 trillion = 29.4 trillion IQD in chunky cash

12.6 trillion in circulation 

 

“It is necessary to maintain the balance of the monetary mass in circulation by withdrawing the Iraqi dinar surplus from the need of the domestic market and the stability of the exchange rate”

 

Maybe this is the reason why the CBI is so worried about the chunky cash

 

“the most important elements of the value of the currency based on four pillars of the basic and is like a square building, which is based on four pillars or pillars of leverage, represented by monetary and financial policies and development policy, in addition to political skills, ie political stability, social and security and administrative capabilities in the management of the country and the employment policies and wealth Material and human ".

 

 

I remember Shabibi’s words.

To apply a new monetary policy you need security and stability 

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

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2 hours ago, Laid Back said:

I believe the monetary mass is 42 trillion IQD 

70 % of the monetary mass is the chunky cash stashed at home

The 70% of 42 trillion = 29.4 trillion IQD in chunky cash

12.6 trillion in circulation 

 

“It is necessary to maintain the balance of the monetary mass in circulation by withdrawing the Iraqi dinar surplus from the need of the domestic market and the stability of the exchange rate”

 

Maybe this is the reason why the CBI is so worried about the chunky cash

 

“the most important elements of the value of the currency based on four pillars of the basic and is like a square building, which is based on four pillars or pillars of leverage, represented by monetary and financial policies and development policy, in addition to political skills, ie political stability, social and security and administrative capabilities in the management of the country and the employment policies and wealth Material and human ".

 

 

I remember Shabibi’s words.

To apply a new monetary policy you need security and stability 

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

He also said we needed a 3 day weekend. 

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It is necessary to maintain the balance of the monetary mass in circulation by withdrawing the Iraqi dinar surplus from the need of the domestic market and the stability of the exchange rate,  ..     WHAT COULD THEY DO  1 ) what they have been doing  " sale the dollar for dinar s ... 2 )  changing the notes all together  , new notes for old --- time frame like the  50 dinar ... 3 ) raising the value of dinar by  10 cents too 50 cent margin , and commerce starts to roll with dinar flow 

    "The importance of providing foreign currency liquidity needed for traders and businessmen to meet the needs Iraqi market".  ( wow ! look at number 3 , and this quote ) 

stressed that "the most important elements of the value of the currency based on four pillars of the basic and is like a square building, which is based on four pillars or pillars of leverage, represented by monetary and financial policies and development policy, in addition to political skills, ie political stability, social and security and administrative capabilities in the management of the country and the employment policies and wealth Material and human ".  ( <---------- I sure read this like  4 pillars  " gold " , oil , minerals ,agriculture   )

  

In economics, they are called policies, which must be integrated and harmonized as a single package in their growth and development so that these policies contribute to the pace of their coherence in raising and enhancing the value of the currency (purchasing power),"Kazem said   <------------ DINAR  

ALL OF THIS IS JUST MY OBSERVATION OVER THE LAST FEW DAYS OF NEWS

Edited by jeepguy
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