The dependence of the dollar ... and the collapse of the Iraqi economy!

[yota691]

The dependence of the dollar ... and the collapse of the Iraqi economy!

by Moahmmad Editor opinions and ideas 1 Hour ago

Samir Daoud Hannoush

The Chinese-Saudi rapprochement, which showed its signs a while ago through military agreements in the field of armament and the demands of this Gulf country for Beijing to supply it with long-range missile and defensive naval weapons away from the American arsenal that used to meet most of the needs of this Gulf country, it seems that the aspects of this rapprochement and cooperation will expand and expand. Its areas include economic agreements and alliances that ultimately lead to political and regional understandings, especially after China’s intention to agree to buy Saudi oil in the Chinese yuan, an economic indicator with political dimensions that shows Saudi Arabia’s intention to move away from the hegemony of the US dollar and the possibility of it being affected by political events and international positions. At the same time, it relies on diversification in Sources of cash for the sustainability of a stable, secure economy without dependency. Gulf oil against the Chinese yuan, especially after the political and military defeats of America, the maker of the dollar and the world's dominance in this currency.

The seriousness of the situation lies in the countries whose economies are closely related to the dollar and their dependence on that American currency, which penetrated into the joints of their economies, including Iraq, whose successive governments, throughout those years, did not think of disengaging its economy from the restrictions of this currency that wreaked havoc and destruction in the purchasing power of the Iraqi citizen, especially after the decision The government raised the price of the dollar against the local national currency in a reckless decision that only those whose imagination has left patriotism can take.

The Chinese yuan in exchange for Gulf oil is a decision that may find expansion in implementation and action in the coming days in Gulf countries that seek to move away from unipolar dominance in a neutral economic system, but the most dangerous are the rebound strikes that this decision will cause on the Iraqi economy, especially since the alternative decision is absent from economic dependence And an indicator that may announce the beginning of an economic atrophy facing Iraq, which exports its oil in dollars to the extent that it is preferred over its national currency, which means the expectation of a possible economic catastrophe to topple this country, which is already economically collapsed.

Some of those who have practiced neglect, mismanagement, lies and deception will find excuses, justifications and denial for such collapses and keep the Iraqi economy away from the collapse pandemic with naive pretexts, but these forget that any simple reader in the ABCs of the economy realizes that the spark of damage is inevitably coming to Iraq.

From here, whoever controls the upcoming political scene must realize that the economy’s dependence on the dollar, which was produced by political dependence, will inevitably lead the country to collapse and decay that will bring everyone down in its deep valley. Political subordination is the outcome of that policy.

The survival of the monetary value of the dollar at such a high level in Iraq only, and not in other Gulf countries, may be overthrown by other waves of cash that the Gulf countries seek in their commercial dealings, so that the dollar remains a currency of high value and fake in Iraq alone, and this is the economic collapse.

[Laid Back]

Its time for Iraq to move to an open market economy, remove exchange control, stop MCP and give real market value to the IQD.

 

Go Iraq 🇮🇶 

Go open market economy 

Go stronger IQD

[Fairways&Greens]

21 minutes ago, Laid Back said:

Its time for Iraq to move to an open market economy, remove exchange control, stop MCP and give real market value to the IQD.

 

Go Iraq 🇮🇶 

Go open market economy 

Go stronger IQD

Laid Back, Agree 💯. The economists at the CBI have got to realize being pegged to the dollar is killing them. That coupled with Sadr’s desire to kick America out of everything in Iraq should be enough to get them to remove from the program rate, stop the auctions and go international. Get it done!

[Dinarrock]

Awesome article Yota and yes stop depending on the U.S. dollar you tools and revalue your currency, problem solved!!

[screwball]

16 hours ago, Laid Back said:

Its time for Iraq to move to an open market economy, remove exchange control, stop MCP and give real market value to the IQD.

 

Go Iraq 🇮🇶 

Go open market economy 

Go stronger IQD

its coming very very soom

[WheresmyRV?]

1 hour ago, screwball said:

its coming very very soom

[screwball]

19 hours ago, WheresmyRV? said:

[Engine1]

On 3/23/2022 at 4:29 AM, screwball said:

its coming very very soom

Heard that a bunch of times over the years. 

[Retiredofficer]

“Soon” has many interpretations.

[screwball]

considering i have just read, that china, russia, saudi arabia and india have moved to gold back currency and done oil deals, i think iraqs move is not fa behind. lets see what happens!