An economic expert calls for using a basket of currencies to evaluate the Iraqi dinar

[RJG]

An economic expert calls for using a basket of currencies to evaluate the Iraqi dinar
Wednesday 17, January 2024 09:59 | EconomicalNumber of readings: 496

Baghdad / NINA / Economic affairs expert, Raad Tawij, called today, Wednesday, for the use of a basket of currencies, whether the euro, the Chinese yuan, or the UAE dirham, in valuing the Iraqi dinar in a way that competes with its valuation in the dollar.


Tawij said in a statement to the National Iraqi News Agency ( NINA 😞 “As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries, and as a result of its use of the dollar at a rate of 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of a country’s currency.” One on the platform, so a basket of currencies, whether the euro, the Chinese yuan, or the UAE dirham, must be used to value the Iraqi dinar in a way that competes with its value in the dollar.”

He stressed, "Allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."/End 8

https://ninanews.com/Website/News/Details?key=1101526

[nannab]

Oh great another economic expert just what they need like

  forming another committee 🙄

 

Thank you RJG for the updates 

[Gypsygirl11]

Well at least they're rehashing it again right. Do something great for your currency!!! Geeezzzzzz

[horsesoldier]

I'm feeling another psychotic episode of coming on with their tsunami of talk and STILL no action... well not yet anyway

HURRY UP FOR GOODNESS SAKE ( where are my meds)😄

[DinarDavo]

31 minutes ago, RJG said:

to value the Iraqi dinar in a way that competes with its value in the dollar.”

 

Now there's a novel idea!  

[horsesoldier]

4 minutes ago, DinarDavo said:

 

Now there's a novel idea!  

YOU'RE RIGHT...PURE GENIUS!!!

...these people oy vey.

[jg1]

46 minutes ago, horsesoldier said:

YOU'RE RIGHT...PURE GENIUS!!!

...these people oy vey.

 But if they increase the value, they’ve told me in the past it would cause inflation. 🤪

So better not do anything and keep it less than the value of TP. 🥹

[jg1]

Just now, jg1 said:

 But if they increase the value, they’ve told me in the past it would cause inflation. 🤪

So better not do anything and keep it less than the value of TP. 🥹

@horsesoldier, No. This was not meant to give you the idea to use it as TP.

[screwball]

7 hours ago, jg1 said:

 But if they increase the value, they’ve told me in the past it would cause inflation. 🤪

So better not do anything and keep it less than the value of TP. 🥹

Yep and that’s why you lop of those inflationary zeros from the exchange rate and currency with new lower denoms….

[screwball]

9 hours ago, Gypsygirl11 said:

Well at least they're rehashing it again right. Do something great for your currency!!! Geeezzzzzz

💯positive talk is a good thing…

[screwball]

9 hours ago, nannab said:

Oh great another economic expert just what they need like

  forming another committee 🙄

 

Thank you RJG for the updates 

Must be a guru from the other site…frank or pimply…maybe even nader

[rvmydinar]

11 hours ago, RJG said:

An economic expert calls for using a basket of currencies to evaluate the Iraqi dinar

This is just economic expert's opinion means nothing. Hmmm since when do CBI and GOI ever listen to what economic expert has to say? 

[NMP2017]

Wow! Iraq is chock full of "economic experts" yet their currency is, and has been, worth less than tp for MANY years. Ain't Iraqis glad to have so many "economic experts" taking care of their country? 🤣

 

Edited January 18 by NMP2017

[Half Crazy Runner]

2 hours ago, NMP2017 said:

Wow! Iraq is chock full of "economic experts" yet their currency is, and has been, worth less than tp for MANY years.

Because they have far more criminals than economic experts, and the criminals are the ones  in charge. 

[T B]

YA GOT THAT RIGHT BUDDY!  😅

[T B]

FRANK26….1-17-24…..IQD UPDATE….A DATE AGREED UPON

[T B]

NO PUN INTENDED!😁 GOTTA LAUGH!

[Officiallytook]

But why would they announce this... Kinda like they're hinting at a rate change? No... I mean who would do that...

[Laid Back]

Chinese Yuan $0.14

Dirham $0.27

Euro $1.09

 

Hypothetical value of the Iraqi Dinar $0.50

 

2 Dinar per $1

 

Go Stronger Dinar 

Go purchasing power

 

[rvmydinar]

12 minutes ago, Officiallytook said:

But why would they announce this... Kinda like they're hinting at a rate change? 

It means nothing because they are just economic expert's opinion, not directly from the CBI. And, the CBI just ignore to whatever they have to say and this is why we haven't been seeing the RV in the last 20 years. And, it seems like they can't even afford to rv as small as 5 cents either.

[rvmydinar]

4 minutes ago, Laid Back said:

Chinese Yuan $0.14

Dirham $0.27

Euro $1.09

I"ll take one of them very happily straight to the bank and never look back.

[new york kevin]

1 minute ago, rvmydinar said:

I"ll take one of them very happily straight to the bank and never look back.

Especially the 2 IQD per 1 usd

[rvmydinar]

2 minutes ago, new york kevin said:

Especially the 2 IQD per 1 usd

[new york kevin]

15 minutes ago, rvmydinar said:

You did it again … sooon . Funny stuff

[rvmydinar]

35 minutes ago, new york kevin said:

You did it again … sooon . Funny stuff

Uppss...I didn't expect you would notice that 4 sacred letter word.