Iraq Wants Dinars for Agriculture

[garylew]

Iraq is looking for more dinars to invest in agriculture so that it can be self sustaining in grains in three years. Currently, Iraq imports half of its grains it needs. The United States and Australia are Iraq's largest importers of grain. It recently signed 12 contracts to import 850,000 tons of wheat from those two countries.

Iraq has made good progress since after the fall of Saddam, but becoming self-sufficient grains would be a huge step. In addition, investing dinars in agriculture will produce a great number of jobs. Iraq is starving for employment opportunities. Agriculture, a labor and capital intensive industry, will be a great source of jobs for Iraqi citizens. It is an important industry as Iraq cannot solely rely on its oil industry to drive its economy.

Investing in its domestic agriculture industry will allow Iraq to keep food costs down for its citizens and is the next step for Iraq becoming independent. Furthermore, having stock piles of grains is also a great measure as agricultural output is variable from season to season. Iraq will be less dependent on other countries to provide food for its citizens. Domestically grown grains save shipping costs and contributes to the local economy.

These agriculture investments are essential for morale. As more jobs are created, Iraqi citizens will be able to produce, contribute and provide for their families. Citizens will become more confident and establish themselves, lessening the appeal of joining insurgent groups that stand to threaten the stability of Iraq.

The dinar has a lot to gain with the growth of the agriculture industry. This industry provides the most basic need of its citizens: food. If Iraq can become self-sustaining in grains in three years, not only will it reduce massive amounts of costs in importing food, but it will also increase the number of gainfully employed Iraqis. This is one of the most important priorities for Iraq - providing jobs. The recent protests centered around the lack of jobs and if the Iraqi government can see these investments through to create more jobs, Iraqi citizens will see that the government is working for its people. Iraq needs to have a cooperative relationship between its government and its citizens for the future of its country and the dinar.

Copy and pasted from: http://dinarprofits.com/iraq-wants-more-dinars-for-agriculture/