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The Central Bank of Iraq issues an important statement regarding the dollar exchange rate


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Like I have said a lot, I m riding this horse till it dies or I do, which ever comes first. My family knows that I want a large portion to go to hurting people, no matter what color they are! Even though there is a group of subversives in this country that want people judged by the color of ones skin. No happening here! The money I put in this was gone a long time ago, I don’t cry over spilled milk! I personally don’t believe (notice I) we are close to an RV this year! We are only 6 months away from the first of the year. So with that being said! I want to wish all Dad’s a very happy Father’s Day! It’s going to be happy for me as I got a new baby , A Granddaughter, from my son! That baby makes me happy! So hang in there, we are all going to make it! Case closed! 🤠

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1 hour ago, Artitech said:

Like I have said a lot, I m riding this horse till it dies or I do, which ever comes first. My family knows that I want a large portion to go to hurting people, no matter what color they are! Even though there is a group of subversives in this country that want people judged by the color of ones skin. No happening here! The money I put in this was gone a long time ago, I don’t cry over spilled milk! I personally don’t believe (notice I) we are close to an RV this year! We are only 6 months away from the first of the year. So with that being said! I want to wish all Dad’s a very happy Father’s Day! It’s going to be happy for me as I got a new baby , A Granddaughter, from my son! That baby makes me happy! So hang in there, we are all going to make it! Case closed! 🤠

Congratulations 🌸❤️🌸

Grandbabies are the best things in life … Happy Father’s Day 

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5 hours ago, Half Crazy Runner said:

I’ve been wondering that too… 


( my guess ) The High Priest of Humor is on the mountain top within the dimly candlelit & lavender incense filled labyrinth like system of the Clown Temple in deep spiritual meditation  ( uh er medication ? ) readying himself for the arduous task ahead as we all prepare for the Final Push to a globally recognized currency.

 

Sounds better than saying he’s been on month long bender top heavy in debauchery, huh.

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 Baghdad: morning 
During the past few days, the economic circles have traded the term fair exchange rate of the Iraqi dinar against the dollar, which was refuted by specialists, and stressed that there is no room to talk about a fair exchange rate at this time and the situation in the country and the approved economic work mechanisms.  
The academic economist Dr. Qusay Al-Jabri stated that “a fair price is not an opinion that this person or that person puts forward, and when we talk about an appropriate exchange rate, there should be special models for estimating this price, and there are strong arguments to defend a specific exchange rate, and these arguments are behind it. Important economic goals, so they are not opinions to be presented.”
 
trade balance
He added, “No monetary policy can succeed without corresponding policies in the real sector (production sector) so that it is possible to correct the conditions of the trade balance and the balance of payments, but changing the exchange rate and trying to reduce it is an incorrect policy whose inevitable result is the impoverishment of people and the strengthening of inequality in the distribution of income.” 
He pointed out that «strengthening economic stability in Iraq is not possible through monetary policy only or financial policy only, but rather comes from a system of effective and harmonious economic policies to achieve a set of goals, foremost of which is the strengthening of stability and giving a greater role for the private sector to absorb the momentum of unemployment and improve the balance of payments conditions. ». 
 
Currency value
Financial affairs specialist Ahmed Hathal explained that “some research determines the value of the currency on the basis of purchasing power in some countries or in the United States, and this is also inaccurate due to the different structure and structure of the production sector, as well as the quality of the commodity measured by it, even if we assume that the same factory produces in The United States and Iraq will have differences as a result of the difference in per capita income.”
 
oil revenue
In turn, the economist, Samir Fikri, said: “Who can determine the fair value of the exchange, and our sources of income are determined by external demand and linked to international oil prices, so there is no so-called fair value, as it is a value that fluctuates with the fluctuation of oil revenues, and it continues as long as the growth of government spending depends on the sector Oil and non-oil GDP growth exceeds the so-called fair value. 
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5 minutes ago, horsesoldier said:

Fair exchange rate ??? I’ll be reasonable.....$1.42 and Horse rides off into the Sunset NEVER looking back, happy as a Stallion with a Stable full of Mares !!!

I’d be happy with $1.00 but I like your $1.42 even better 💰 

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