Beware of corrupt calls to float the price of the dinar

Beware of corrupt calls to float the price of the dinar

Tuesday 08 August / August 2017

Basil Abbas Khudair

Voices began to faint but unity took up varied classes and in harmony with melodies coordinated turn into a recital of music and songs performed on the shrine (Bayat) known in Iraq, this is not a musical introduction, but it is a new scenario for the beginning of the demolition of the country or remaining in Iraq , or more precisely what blessings from the hands of thieves and robbers and corrupt, some who on the economy to (cow) milks them more than possible and enriched and enriched at the expense of others without distinction between haram and halal, taking mans Ofuaha graduated smells unappetising let to save the economy from debt and loans and to address the budget revenue deficit During Aoam Iraqi dinar exchange rate and subject to supply and demand mechanisms, these calls may go up their voices whenever approaching election date or after and wrapped themselves national envelope while the useless ones only make more money without mention and maximize the wealth of thieves and corrupt and blur the facts and increase the suffering of the poor effort , and the content of theses boils down to stop the Central Bank of Iraq window and enter the bank in the market to buy and sell the dollar at prevailing market prices and in the same way that was followed in the years of siege during the reign of the former regime, and justifications that they might have in this regard is to Mhaf Emergence on the central bank 's dollar reserves , which has dropped more than $ 25 billion over the years 2015 (, 2016.2017), which forced the country 's military spending to cover the war on Daesh and offset the budget deficit costs as the price of oil did not reach optimistic degrees (despite rising slightly ) returns dollars withdrawn from the cash reserve, and Atekz of poses these (poisons) on the success of the experience of Egypt in the float of the Egyptian pound and reap the gains of up to more than $ 10 billion over the last six months, as they claim that there is an urgent need to float the dinar in order not to miss the opportunity it becomes the national reserve of the dollar in the embarrassing position of b Where our credit ratings changes to lower what we are .

The purpose (sordid) calls from corrupt to take this action is to make self - interest 100% nothing to do with the interests of the national economy, those filled their tanks from the dollar did not prepare convinced of the profits of illegal from the sale of the dollar because the floating dinar doubles their wealth , it is dollar has a sell today is 1,250 dinars would constitute a monopoly for the delivery of the dollar to 2500 dinars or more, ie , the returns will allow for a large disparity in incomes through the presence of a very class in rich and large category of large poverty degree, and the light of this disparity will be possible to price controls and markets not only but the full domination of politics wa Economy and the meeting through the dominance of money, and will be the state is unable to increase salaries because it means sacrificing Bmkhozonadtha of the dollar as the dinar currency covered in dollars and other currencies and gold, in the sense precisely that this policy will emerge state - owned reserves under Iraqi street pressure because of poverty and poverty because the country is still in the shadow economy and rentier depends on the import in the provision of people 's needs, and imports will be under the control of the money owners who will lead in setting prices and direct spending in light of poor performance efficiency in many government agencies that are managed pal Quotas and the agency is not on the basis of effectiveness in all cases, and the right of some people to Astvhm about the reasons for this shift in views after it was more specialized votes with money and economy calling for the abandonment of the Central Bank for the sale of the currency and the trend to float the dinar, and they say that the views were and still going to rationalize the auction currency and protect it from money laundering and direct sales from the dollar to the actual needs that are not inconsistent with the industrial and agricultural policies, so as to ensure fair competition for the importer with the local product and Ejad policies Kmarkip and tax takes into account the dollar volume of sales, with the necessity of bitter Pric dollar movement and the rate of rotation and setting standards for the balance of payments does not preclude Iraq to the source of the dollar, and although those reservations have not been fully applied only if the Central Bank of Iraq has taken many of them in its relationship with the World Bank and IMF , where he works on the application of transparency and control over the movement of the dollar and other things Others are traded in the media.

It is the political and security reasons that are calling not to float the dinar at the moment (at least) is the fear of mixing the next political capital from abroad to carry out political and security agendas is illegal with the money that comes out through official channels that are subject to transparency, and that there is coordination and cooperation between the government and the central bank (as an independent authority for the government) in the area of recovery of funds borrowed and re - reserve to figures normal, after the government was forced to form this relationship guarantees of treasury transfers as an alternative to external borrowing to minimize risk, a policy that was inevitable Baattaba Rhea One of the alternatives available after the exposure of our country to a variety of attacks risk in 2014, and which poses a threat in this regard is how to recover these amounts in the absence of leaps in oil prices and a weak dependence on non - oil revenues to increase budget revenues such as taxes, fees and growing operating expenses the investment for the large number of commitments and poor services, and all that we have mentioned earlier may be better than the float of the dinar because it keeps it , however , the government which is not in isolation from science and knowledge of international financial authorities and his problem that he did not receive the decision of the House of Representatives, and limited damages to the citizen are all Conditions less burdensome than the damage that can be caused by the float of the dinar as it closes the doors to demand higher salaries by keeping the situation as it is, the current financial situation is more appropriate for the government to maneuver resources as long as potential security risks , as there are still areas is liberated as there Casks has the desire to escalate whenever she had the opportunity to do so, though keeping the procedures applied without actual reforms would devote the existing problems, including unemployment, declining services and the limited ability to make structural change in the economy and the shift from the consumption pattern to Alanta Ing the obsolescence of most of the means of production and the inability to attract investments into the typical operation of small and medium - sized enterprises , which turned to slogans and aspirations.

We note in this regard that attempts to float the dinar will not be interrupted because it is a cave (Ali Baba) , which intends to enter wishing to plundering Tharwat Iraq the way (soft), they are more valuable than some political gains and non - political , which seeks to attain corrupt and Tarion and damage inevitable it is located on the poor Prices are It can rise to fold the current situation, taking into consideration that the management of such a policy need to be a financial and economic and monetary measures difficult to carry out at the present time, it is still our country is preparing a federal budget mentality of doors balancing as the concerned authorities and after the experience of stretching L Z 27, is unable to provide the ration card items , but the deficit came to a halt printed and distributed two years ago, so it is necessary not to be dragged behind the rhetoric and the launch of rosy promises about the benefits of the float of the dinar is not in the current government (reluctance to float now) nor in the short term only after economic vision is completed for the country and elucidated exceptions available the appropriate requirements for this transition, and comparison with the experience of Egypt or other in this regard for the purpose of judgment and generalization is not true in many aspects, large Valfoarq in infrastructure and in the structure of the economy and the contribution of the diversity of economic sectors in the formation of income National foundations adopted in the field of balance of payments, and more what we need at the moment is to make an objective assessment of the sales of the Central Bank of the dollar and not to allow the waste of this important wealth, and tighten controls on the movement of the dollar and reduce the dollarization policy by making prices in dinars with the necessity of commitment to the exchange rates adopted by the the central bank contracted with international auditing firms to track the movement of the dollar since 2004 and the recovery of proceeds of corruption, price of the dollar in the bank 1190 dinars and selling cases more than this price must be dealt with as a violation can not be tolerated because they lead to emptying the pockets of the poor.


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