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Experts: Economy sober works to support the dinar and attract global investment

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gente

gente

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Experts: Economy sober works to support the dinar and attract global investment


Posted: August 30, 2011

Order to make it part of the international financial reserves

Strengthen the economies of the currency’s strength sober in their countries, if it contributes to lifting of material value in the global markets and economies, the International Albroosat sober important factor in attracting foreign investment, which will be safe in the economic environment was calm and enjoy the solid financial strength.

In Iraq, after years of hard work to pay the dinar towards the rise, but he was still unable to keep up the dollar, for example, where the recorded language of the figures that the rate of sale of the dollar against the Iraqi dinar is equal to 1200, a large number before the country’s currency oil is important, and attribute the economists reasons for this are the obstacles which affect the Iraqi economy and the other from time to time, especially inflation and unemployment, poverty and the decline in exports and many other factors that led to the value of the dinar to fall off the rest of the foreign currency and other Arabic ..

And aspiring professionals is that the financial affairs of the adoption of the Iraqi dinar as part of international reserves, through the establishment of a strong economy enhances the value of local currency.

He justified the adoption of the Iraqi trader specialists when importing his goods dealing in foreign currencies and the dollar, the euro, the weakness of the Iraqi economy, which led to the unwillingness of countries to deal in dinars.

The expert explained the economic reasons for non-peace Sumaisem traded Iraqi currency in foreign dealings, the weakness of the Iraqi economy and overburdened by debt, noting that the Jordanian dinar and have become powerful because of their economies, as well as the lack of debt and internal problems.

And khat Sumaisem in a statement made ​​by the Agency (news): that the Iraqi trader himself has refused to deal in Iraqi dinars when the import of goods because it would not be desirable abroad.

For his part, central bank adviser said the appearance of Mohammed Saleh: that the Iraqi dinar is not an international reserve currency until it is handled in overseas and we as a policy the central bank and monetary aspire to be the Iraqi dinar is part of international reserves, and this needs to be a long time.
Saleh added: that the Iraqi dinar is the local currency convertible to other currencies, that is unlikely to deal in Iraqi dinars externally at present evidence is that the instructions do not allow the central bank to bring the Iraqi dinar, but the limits of (200) thousand dinars for the traveler.

The central bank adviser that all countries in the world dealing in currencies neighboring countries, but narrowly and not on any large scale to deal with a small cross-border transactions and not the means of payment to finance a large foreign trade.

And most likely a member of the Economic Commission parliamentary Amer Fayez Speaking for the Agency (news) that is near the horizon, according to economic policy, vision, and clear to make the Iraqi dinar Bmsaf currencies stable countries, stressing that there is no law forcing the Iraqi traders to deal in Iraqi currency abroad because the issue is not related to the merchant, but related to the global market.

He said the parliamentary economic committee member: the idea now is to delete the list of three zeros from
the Iraqi currency, and this project will hopefully contribute to give power to the Iraqi currency to foreign dealings.

Panhead

Panhead
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this "expert" should recheck the rate and also the amount allowed travelers departing the country......looks like a rehashed older article again.

gente

gente

Panhead wrote:this "expert" should recheck the rate and also the amount allowed travelers departing the country......looks like a rehashed older article again.

I think lots of these articles are old info cobbled together with some added commentary....or they just cut and paste whatever they feel sounds good at the time-

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