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Economic divergence of views on the proposal to replace the dollar in foreign currencies to reduce the deterioration of the dinar
And the Baghdad international news agency - 06/09/2013 - 4:38 pm |
BAGHDAD / WAP / dreams Furaiji: After the deterioration of the exchange rate of the dinar against the dollar in the local market ... Opinions varied on the feasibility and importance of the adoption of a basket of foreign currencies alternative for the dollar. saw a number of experts, that replacing the dollar to a basket of currencies could halt the deterioration in the price of the Iraqi currency as well as he would investigate diverse and balanced in the scales of supply and demand and adopt a currency more stable than the dollar. But This step has not lived up to the expert economic Bassem Jamil Antoine, who criticized during the recent news agency Baghdad / WAP /, proposed replacing the U.S. dollar basket of foreign currencies to control the deterioration of the Iraqi currency. said, "The deterioration of the Iraqi dinar was the result of increased demand for the U.S. dollar and the lack of display in the local market, as the diversification of the basket of currencies the Iraqi issue is very important but it will not dominate the deterioration of the Iraqi dinar. " and expressed the need to, monetary policy firm and fast by the central bank to control the deterioration of the Iraqi dinar. accused Antoine what he called / mafia terrorist /, withdraw the dollar from the Iraqi market and smuggled to neighboring countries. said, "The deterioration of the political and security situation in the neighboring countries of Iran and Syria prompted them to withdraw large amounts of dollar to control the deterioration of the economy." and continued economic expert, said that "in principle, that the presence of a basket of currencies to diversify the assets of Iraq to $ Aorwaly is gone is a logical and acceptable to protect the Iraqi economy in the event of devaluation of a currency to operate the second currency role / العكازة / currency other. " either former advisor to the Central Bank and economist appearance of Mohammed Saleh, he saw, that the reasons for the deterioration of Iraqi dinar, return policy and procedures hasty pursued by the central bank, which led to increased demand and tight supply of the dollar against the Iraqi dinar in the local market. told the news agency Baghdad International / WAP /, that "the dollar zone a large area is estimated at 85% of the world used to the dollar , as the world's reserves of the dollar is the biggest from the rest of other foreign currencies, so the dinar covered completely foreign currency much more than other currencies. " but noted the problem of "drainage system of cash in Iraq, and the lack of awareness of the cultural and economic development of the Iraqi people, because all of this contributes to the deterioration of the Iraqi currency against foreign currency. " saw, "The diversity in the currency is not a successful way to reduce the deterioration of the Iraqi dinar, which affected the local market process of supply and demand." promise, that "Iraq is a zone of dollars and can not do without it, and that the proposed diversification of currency is output is too small to solve the problem of the deterioration of the currency of Iraq. " But economic analyst gentle Abdul Salem Okkaily, counting that the increase in supply and demand has led to the need for foreign currency to be considered a global currency to deal in the travel and issues of import or treatment. told the news agency Baghdad International / WAP /, "The Central Bank of Iraq in the past had a monetary policy that is serious in controlling the exchange rate of the Iraqi dinar, but in the current period witnessed a policy of hasty led to the deterioration of the Iraqi dinar against the U.S. dollar." He added, "The idea of the diversity of the basket of currencies will reduce the problem of deterioration Iraqi currency and halt the dollar exchange rate at a certain point, because the increase in supply and demand resulted in foreign currency led to the failure of a large in control of the Iraqi dinar. " He said, to "the problem of the deterioration of the currency needed to policies resolute defiance of the value of boarding suspicious of the value of the dollar, as that the reason for falling dinar due to aspects of corruption, the process of economic in general. " and called on the Iraqi Central Bank to, that "counting on successful policies and controls resolute to issues dealing Dinars effectively." But the office manager International Consulting Economic Studies Tawfiq inhibitor, he saw, that diversity Cart currency in the local market will contribute to solving the problems of the Iraqi currency and controls the high or low of the Iraqi dinar. told the news agency Baghdad International / WAP /, that "the issue of diversification of the basket of currencies need to educate the community culture economic in dealing with all currencies without failure or falsification in the process of buying and selling denominated in foreign currencies. " He inhibitor, that "the Iraqi citizens accustomed to using the dollar more than the rest of the foreign currency, so enter other currencies without the propagation of awareness and culture of economic disrupt the work of foreign currency and expands fraud without the control of the Iraqi currency." and indicated that the currency Iraqi exposed a major setback in the recent period, prompting the central bank to take strict measures to control the rise of the dollar against the Iraqi dinar.
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And the Baghdad international news agency - 06/09/2013 - 4:38 pm |
BAGHDAD / WAP / dreams Furaiji: After the deterioration of the exchange rate of the dinar against the dollar in the local market ... Opinions varied on the feasibility and importance of the adoption of a basket of foreign currencies alternative for the dollar. saw a number of experts, that replacing the dollar to a basket of currencies could halt the deterioration in the price of the Iraqi currency as well as he would investigate diverse and balanced in the scales of supply and demand and adopt a currency more stable than the dollar. But This step has not lived up to the expert economic Bassem Jamil Antoine, who criticized during the recent news agency Baghdad / WAP /, proposed replacing the U.S. dollar basket of foreign currencies to control the deterioration of the Iraqi currency. said, "The deterioration of the Iraqi dinar was the result of increased demand for the U.S. dollar and the lack of display in the local market, as the diversification of the basket of currencies the Iraqi issue is very important but it will not dominate the deterioration of the Iraqi dinar. " and expressed the need to, monetary policy firm and fast by the central bank to control the deterioration of the Iraqi dinar. accused Antoine what he called / mafia terrorist /, withdraw the dollar from the Iraqi market and smuggled to neighboring countries. said, "The deterioration of the political and security situation in the neighboring countries of Iran and Syria prompted them to withdraw large amounts of dollar to control the deterioration of the economy." and continued economic expert, said that "in principle, that the presence of a basket of currencies to diversify the assets of Iraq to $ Aorwaly is gone is a logical and acceptable to protect the Iraqi economy in the event of devaluation of a currency to operate the second currency role / العكازة / currency other. " either former advisor to the Central Bank and economist appearance of Mohammed Saleh, he saw, that the reasons for the deterioration of Iraqi dinar, return policy and procedures hasty pursued by the central bank, which led to increased demand and tight supply of the dollar against the Iraqi dinar in the local market. told the news agency Baghdad International / WAP /, that "the dollar zone a large area is estimated at 85% of the world used to the dollar , as the world's reserves of the dollar is the biggest from the rest of other foreign currencies, so the dinar covered completely foreign currency much more than other currencies. " but noted the problem of "drainage system of cash in Iraq, and the lack of awareness of the cultural and economic development of the Iraqi people, because all of this contributes to the deterioration of the Iraqi currency against foreign currency. " saw, "The diversity in the currency is not a successful way to reduce the deterioration of the Iraqi dinar, which affected the local market process of supply and demand." promise, that "Iraq is a zone of dollars and can not do without it, and that the proposed diversification of currency is output is too small to solve the problem of the deterioration of the currency of Iraq. " But economic analyst gentle Abdul Salem Okkaily, counting that the increase in supply and demand has led to the need for foreign currency to be considered a global currency to deal in the travel and issues of import or treatment. told the news agency Baghdad International / WAP /, "The Central Bank of Iraq in the past had a monetary policy that is serious in controlling the exchange rate of the Iraqi dinar, but in the current period witnessed a policy of hasty led to the deterioration of the Iraqi dinar against the U.S. dollar." He added, "The idea of the diversity of the basket of currencies will reduce the problem of deterioration Iraqi currency and halt the dollar exchange rate at a certain point, because the increase in supply and demand resulted in foreign currency led to the failure of a large in control of the Iraqi dinar. " He said, to "the problem of the deterioration of the currency needed to policies resolute defiance of the value of boarding suspicious of the value of the dollar, as that the reason for falling dinar due to aspects of corruption, the process of economic in general. " and called on the Iraqi Central Bank to, that "counting on successful policies and controls resolute to issues dealing Dinars effectively." But the office manager International Consulting Economic Studies Tawfiq inhibitor, he saw, that diversity Cart currency in the local market will contribute to solving the problems of the Iraqi currency and controls the high or low of the Iraqi dinar. told the news agency Baghdad International / WAP /, that "the issue of diversification of the basket of currencies need to educate the community culture economic in dealing with all currencies without failure or falsification in the process of buying and selling denominated in foreign currencies. " He inhibitor, that "the Iraqi citizens accustomed to using the dollar more than the rest of the foreign currency, so enter other currencies without the propagation of awareness and culture of economic disrupt the work of foreign currency and expands fraud without the control of the Iraqi currency." and indicated that the currency Iraqi exposed a major setback in the recent period, prompting the central bank to take strict measures to control the rise of the dollar against the Iraqi dinar.
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