Thu, March 26 / March 2015 18:29
If one tried to replace the Iraqi currency exchange in one of the shops in Beirut or Cairo or Amman, Istanbul, he will find that there Danarena replaces cheaper than if replaced in Iraq.
I'm not talking here about a marginal difference or commission, but for the difference in price up to 7 percent, a high percentage. So why do you perceive?
I'm not an expert economically fatwas to the reasons but can be here to collect a few facts to help us in understanding the Iraqi currency movement.
Iraqi dinar recently lost nearly 4 percent of its value, and if we understand it means a loss equivalent to slightly more than one billion dollars carried by the Iraqi citizen .. because the value of his salary or liquid savings dinar that the amount of cash a paper presented by the Central Bank of Iraq is worth $ 30 billion Iraq has decreased with this sudden inflation.
If we know that »wealth» poor are cash savings Statistics cash and securities that Analunha a day for their work, while the «wealth» rich in the form of in-kind funds, real estate, commodities, it means that the biggest losers are the poor in particular, because their day bread depends on what they are paid in cash They do not have real estate to rise their prices in dollars.
But, why has the Iraqi dinar this percentage of its value?
The government recently withdrew a huge amount Abralodhunat treasury in order to reimburse the foreign oil companies operating service contracts. This means that imports of crude oil is no longer enough these receivables, and Iraq in order to achieve net proceeds shall be reasonable production increases to over 3 million barrels per day and that the rise of crude oil price to nearly USD per cent for the whole outside Bermal..ohzh currently available, but There is an international effort to keep the price of crude at current limits.
Result is as follows: Our government did not take into consideration that the price of crude could deteriorate to this image, the moment of its agreement with the oil companies.
And our government did not reckon that the value of the Iraqi dinar landing if it exceeds 10 percent, it will turn to the currency «concerned», especially after the recent massive reimburse companies clouds.
The 10 years of jobs and appointments in the Ministry of Oil and huge salaries did not succeed in developing a cadre of foreign personnel is sufficient for us.
Finally ..van oil agreements did not require the companies help of a high proportion of Iraqi cadres, so that at least Nzfr local jobs ... All this must be shown in the form of headache suffered by the Iraqi dinar and the pockets of the poor
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