Stability of the local currency enhances

[VIZIOIRAQI]

Expert's (the economic term): the stability of the local currency enhances the purchasing power of the dinar

Date: Mon 10/31/2011 9:18

□ Baghdad / Ahmed Abed Rabbo,

the whole number of economic experts that the stability of the exchange rate of the local currency and an important means intended to rein in inflation-winning currency and measurement of volume changes in the economic reality as well as to strengthen the purchasing power of the dinar.

And Deputy Governor of the Central Bank for the benefit Mzarmohamd (range economic) that the stability of the Iraqi dinar is considered an important means of inflation targeting, contain and respond to it, indicating one of the achievements of monetary policy in Iraq. Saleh added: that monetary policy is based on the time Alhadharaly triangle golden texture availability of higher cash reserves in the history of Iraq is estimated at (59 billion) stressing stability for the coming four years with the decline of inflation to place the decimal one.

Saleh continued: the dinar exchange rate represents the value Foreign Affairs about the outside world, pointing out that this stability is important as one of the tools to influence inflation expectations.

Salih pointed to the existence of the term is called the labor structure within the economy is working to create a wave of boiling continuously and pay Alasaraly ranges far to be a monopoly power within the economy.

Salih stressed that the policy Cash plays an important role in stopping inflation expectations resulting from the influence of the outside world on Iraq, noting that the stability of the exchange rate will help reduce the volatility of exchange rates or imported inflation such as rising food in the world.

He Saleh said Iraq had in the present reserves of solid currency foreign, which represents the cover of the local currency, noting that inflation was down to two places decimal places.

For his part, counting the economic expert Majid picture stability of the exchange rate of the Iraqi dinar against other currencies and an important means of measuring changes in the economy in general, saying it is one of the goals of monetary policy in Iraq.

He said the picture's (range economic): Despite the fluctuations that you get the stability of the currency and its stability and strength reflects the strong confidence to the stability of the Iraqi currency internally and externally what attracts foreign investors to Iraq, noting that the investors' accounts will be built on firm foundations Projects foreign investment do not see any weakness, but by global changes .

He added the picture: that the lack of fiscal policy and a clearly defined to make monetary policy avoid domestic pressures caused by consumerism and economic chaos in, pointing out that this mess caused a continuous increase prices and inflation price.

to the economist said Subhi al-Badri's (range economic): that the stability of prices of the domestic currency strengthens the purchasing power of the dinar, whether at home or abroad, stressing the need guarantees on the stability, such as security economic mortgaged to political stability and to reduce the class differences between groups in society.

He Badri: that the Iraqi economy is heading at present to the capitalist system and the gesture indicates awareness of the full play of monetary policy in Iraq.

He Badri: The slight increase in the price of world oil market has helped to stabilize the local currency.

, said banking expert Farouk Ramadan's (range economic) that the stability of the stability of the local currency generally meant or another, the stability of the Iraqi economy in all its forms, indicating that the central bank policy destined to maintain the exchange rate of dinar, introduced amounts to the public for the purposes of imports and foreign remittances as well as the performance requirements of the external services needed by citizens in particular, living abroad.

He Ramadan: This stability creates a kind of safety and confidence of investors Foreigners who wish to invest in Iraq.

He Ramadan: that the increase in world oil prices and the relative stability of the level of estimates of oil established in the general budget in Iraq have a significant role in the stability of the currency, noting that the Iraqi currency currency inflation.

and Ramadan is the obligation to find the equation of minutes between the progressive reduction of price purchase of foreign currency, pointing to the need for the equivalent of the U.S. dollar a thousand Iraqi dinars so that we can delete three zeros from the currency.

I take it the financial expert ruled Zarzis stability of the stability of the local currency assistant not to increase goods and commodities.

He said financial expert chef's (range economic): that the stability of the Iraqi dinar price compared to other foreign currencies benefit accruing to the Iraqi citizens not to influence the prices of products and goods, indicating the possibility of control over monetary policy.

He Zarzis: This stability in the prices of the domestic currency would help block the inflation that exists and the possibility of preventing the problems of of inflation.

http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Falmadapaper.net%2Fnews.php%3Faction%3Dview%26id%3D52369

[tim5400]

Iwould like to see the power of the dinar increase too.....to about 1.50 to 1

[FrankenSLI]

I would be happy with .10 but 1.50 sounds great Tim5400.

[puckster_guy]

I think it has to go much higher then a buck to wean the general population off the greenback and into their o wn currency......GO RV

[cooked]

A buck RV seems the most logical to me Easy to calculate, reduced chances of them getting ripped off trying to do the math. I'll take more too.

Here little pink piggy piggy

[Darin]

If the were concerned with being on par with a $1 or there abouts, they may just consider doing a hybrid scenario.

Rv @ $0.01 & remove two zeros

Rv @ $0.10 & remove 1 zero

I would imagine that it would be easy for a citizen to get off the $ USD with an incredible increase of purchasing power of their domestic currency.

If one day we wake up and see 1.17 as the current exchange, I would be concerned.

But, if it was more like the following:

2.000 ($0.50)

10.000 ($0.10)

100.000 ($0.01)

Those ball park ranges would have me more excited. It means, that the dreaded removal of 3 zeros did not happen and we'll benefit.

[EagleEye]

Interesting find Vizioiraqi especially coming from the mouth of Saleh....

as I read this line in particular:

pointing to the need for the equivalent of the U.S. dollar a thousand Iraqi dinars so that we can delete three zeros from the currency.

its sounds as if they want at least 1-1 dollar equivalence in order to wean the population from the dollar...

sure hope so...works for me GO RV !!!

[Dinarabot]

A 1-1 Vpays off my house and my four kids can go to private schools....

[DinarDana]

and Ramadan is the obligation to find the equation of minutes between the progressive reduction of price purchase of foreign currency, pointing to the need for the equivalent of the U.S. dollar a thousand Iraqi dinars so that we can delete three zeros from the currency.

1 USD = 1000 dinars

Then delete the ZEROS

This is talking about a redenomination the currency . This isn't as positive for us as it appears, however very positive for the citizens of Iraq. Don't neg me please I am just trying to figure this out like the rest of you.

[bamagirl]

To me it sounds like they want the rate to be equivalent to the dollar so they can THEN remove the 3 zeros. This is just what I got from the article but it sounds to me like RV first...

[R Veyron]

Let's just say they do lop and allow their currency to exist in that fashion. When importing goods from other countries the value of such goods will be offered to them at the value they would be on the open international market.The value of these goods are still maintained and purchased at the value they were manufactured at so where does this leave the average iraqi after a said lop? It would appear that they are still going to have to fork out the equivalant to the value of such products and goods,so if they do not raise the value of the dinar how will they ballance this out ? It would seem a likely scenario to have a currency befitting to what is the value more on the level of the open international market and not exclusive of it.