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The value of the Iraqi dinar!

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2The value of the Iraqi dinar! Empty Re: The value of the Iraqi dinar! on Sat Oct 11, 2014 8:06 am

tlm724

tlm724
ADMINISTRATOR
ADMINISTRATOR

[tlm724] suffers from crises constantly and the amount of local currency have no value in any international exchange or market currency for the state close

[rsp1] Well, that's certainly an understatement.

[tlm724] which means impaired and their purchasing power

[jeepguy] I like the fact they know it has no value

[tlm724] which indicates that only 2% is the revenue comes from fines and levies simple and this itself is poor management and planning,

[tlm724] and a waste of public money and human resources that the country under the dome

[jeepguy] uhhhhh no exports ? beside oil


[tlm724] it means that the central bank in its daily auction sells most of the currency

[tlm724] jeepguy exactly, spending all the money for imports , not good

[jeepguy] what happened too dates , and olives goats

[tlm724] comsumed internally

[tlm724] the Iraqi currency fragile does not possess the power of hard currency

[tlm724] hence it is very important that the government is seeking to raise the value of the Iraqi dinar against other currencies in order to ensure the citizen PPC

[rsp1] I love that statement

[tlm724] have to give it purchasing power which means true representative value

[jeepguy] rsp1 bammmm do not loose sight of raise the value iraq


[tlm724] We suggest that the state controls the currency market in order to revive the value of the Iraqi dinar, which in turn will be reflected on the meaning of citizenship and the nation and a sense of individual responsibility towards him. Walid Fadel al-Obeidi

[tlm724] great opinion piece by al-Obeidi hope the CBI takes it into consideration    

[rsp1] I hope the CBI ACTS on it.



Last edited by tlm724 on Sat Oct 11, 2014 9:11 am; edited 1 time in total


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3The value of the Iraqi dinar! Empty Re: The value of the Iraqi dinar! on Sat Oct 11, 2014 8:28 am

Shredd

Shredd
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Yup, an opinion indeed. Let's not skip over this important part:
"There are no local industry provides the country's hard currency can be retained with the exception of the oil we import everything, even terrorism, and this requires us to expenses and costs, which reduces confidence in the currency of the Iraqi Add to that the 98% of oil money cover other expenses of the ministries of the rest, which indicates that only 2% is the revenue comes from fines and levies simple and this itself is poor management and planning, and a waste of public money and human resources that the country under the dome."


Iraq severely needs diversification in their local market which will prop up the value of the dinar. Hopefully the CBI wil begin currency reform before this is more balanced. 


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