Economic: the currency and its impact on economic growth
D. Majid Al-Shara
Term economic growth gives a general framework Itotr between society and the welfare of the State in implementing programs.
(Perhaps the currency (Currency) reflect the reality on the translation of the economy of any country in the performance of areas through the provision of the required cash and liquidity of these multiple uses at times reflect the use of Foreign Affairs which is expressed in foreign currency, and sometimes uses an internal, which is expressed in local currency,
Perhaps in the field of accounting and in the preparation of financial reports is the translation of local currency into foreign currency and vice versa with the resulting economic consequences of the following:
1 coin may be recorded differences in favor of the trade balance of the State as are profits.
2 differences are recorded currency to the detriment of the balance of trade of the State as are losses.
There are controversial accounting for these differences at the local level and a summary of this debate: Are these differences profits or losses depending on the nature of conversion and conversion rate, both to close in the profit and loss account of the institution concerned within the country or is the surplus resulting from the assessment teams Km_khass currency losses by the close future assessments in other words, postpone charging the profit and loss account.
In terms of the economic outlook, the currency of any deal in the international sphere has been a cover for them by the Convention on the cover "Bretton Woods" of gold or silver, or both in the States participating in the deposit account with the IMF have enough of these precious metals to cover the currency of such a cover give a guarantee to cover its currency and this also determines the required volume of the currency.
That this measure in the eyes of legislators working to balance the economic and currency of any country in view of the economic development and the rapid exchange of transactions and the emergence of information technologies in trade and the emergence of the crisis of inflation over the role of the cover and replaced by special drawing rights in accordance with systems and controls (no room to explain) has created a so-called Hard Currency, a currency specific to nine of them called the pound sterling and U.S. dollar, Japanese yen and the franc and the Belgian franc, the German and Dutch Alcaldr these currencies is now in possession is a cover for the payment of the obligations of States to acquire the remaining terms of quasi-fixed exchange rates, and changed Vtaatger a small percentage of the sale and purchase price was these currencies are now the basis of foreign trade and exchange transactions.
Then came the stage of the single European currency (euro), but the economic growth in order to obtain a certain European countries like Britain and France under the banner of joining the single currency, while it had signed the Convention on the "Aluori.
The purpose of the single currency in recent years involving Amoraadp have an impact on economic growth, including the following:
1 and the lack of facilities for the exchange of trade between the signatory States, including exemption from customs duties.
2 teams disappear after the payment of the exchange rate and prices of goods between the transacting parties.
The step taken by the Gulf States in the course of the single currency is a step in to correct some of the procedural obstacles between the UAE and Saudi Arabia, which we hope to resolve the interests of the parties involved.
The current economic crisis, a financial crisis in the true role of the currency crisis in those terms, we find that the United States has pumped trillions of dollars (as the dollar is the strongest currency in the financial settlements because it is the strongest economy in the world), and the financial markets are affected with other led the stock market losses (which is originally a resident in a particular currency, depending on the nature of financial market) to the bankruptcy of a large segment of investors, and therefore the implications of the currency and the fluctuation of prices has worsened the impact on economic growth for many countries because it has affected the so-called real economy where decreased levels of living and has the capacity to consumption affects the economic growth in any country.
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D. Majid Al-Shara
Term economic growth gives a general framework Itotr between society and the welfare of the State in implementing programs.
(Perhaps the currency (Currency) reflect the reality on the translation of the economy of any country in the performance of areas through the provision of the required cash and liquidity of these multiple uses at times reflect the use of Foreign Affairs which is expressed in foreign currency, and sometimes uses an internal, which is expressed in local currency,
Perhaps in the field of accounting and in the preparation of financial reports is the translation of local currency into foreign currency and vice versa with the resulting economic consequences of the following:
1 coin may be recorded differences in favor of the trade balance of the State as are profits.
2 differences are recorded currency to the detriment of the balance of trade of the State as are losses.
There are controversial accounting for these differences at the local level and a summary of this debate: Are these differences profits or losses depending on the nature of conversion and conversion rate, both to close in the profit and loss account of the institution concerned within the country or is the surplus resulting from the assessment teams Km_khass currency losses by the close future assessments in other words, postpone charging the profit and loss account.
In terms of the economic outlook, the currency of any deal in the international sphere has been a cover for them by the Convention on the cover "Bretton Woods" of gold or silver, or both in the States participating in the deposit account with the IMF have enough of these precious metals to cover the currency of such a cover give a guarantee to cover its currency and this also determines the required volume of the currency.
That this measure in the eyes of legislators working to balance the economic and currency of any country in view of the economic development and the rapid exchange of transactions and the emergence of information technologies in trade and the emergence of the crisis of inflation over the role of the cover and replaced by special drawing rights in accordance with systems and controls (no room to explain) has created a so-called Hard Currency, a currency specific to nine of them called the pound sterling and U.S. dollar, Japanese yen and the franc and the Belgian franc, the German and Dutch Alcaldr these currencies is now in possession is a cover for the payment of the obligations of States to acquire the remaining terms of quasi-fixed exchange rates, and changed Vtaatger a small percentage of the sale and purchase price was these currencies are now the basis of foreign trade and exchange transactions.
Then came the stage of the single European currency (euro), but the economic growth in order to obtain a certain European countries like Britain and France under the banner of joining the single currency, while it had signed the Convention on the "Aluori.
The purpose of the single currency in recent years involving Amoraadp have an impact on economic growth, including the following:
1 and the lack of facilities for the exchange of trade between the signatory States, including exemption from customs duties.
2 teams disappear after the payment of the exchange rate and prices of goods between the transacting parties.
The step taken by the Gulf States in the course of the single currency is a step in to correct some of the procedural obstacles between the UAE and Saudi Arabia, which we hope to resolve the interests of the parties involved.
The current economic crisis, a financial crisis in the true role of the currency crisis in those terms, we find that the United States has pumped trillions of dollars (as the dollar is the strongest currency in the financial settlements because it is the strongest economy in the world), and the financial markets are affected with other led the stock market losses (which is originally a resident in a particular currency, depending on the nature of financial market) to the bankruptcy of a large segment of investors, and therefore the implications of the currency and the fluctuation of prices has worsened the impact on economic growth for many countries because it has affected the so-called real economy where decreased levels of living and has the capacity to consumption affects the economic growth in any country.
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