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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    Visual proposes mechanisms quick to raise the value of the Iraqi dinar

    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19

    Visual proposes mechanisms quick to raise the value of the Iraqi dinar Empty Visual proposes mechanisms quick to raise the value of the Iraqi dinar

    Post by day dreamer Tue 21 May 2013, 5:40 pm

    Visual proposes
    mechanisms quick to raise the value of the Iraqi dinar


    22/05/2013 12:00 AM


    Exchange
    rate fluctuations accounted for expert attention
    Baghdad
    - شكران the Fatlawi
    Select
    an economist many reasons behind the fluctuations in the value of the Iraqi
    currency and economic imbalances structural considering that the exchange rate
    holds an pivotal role in monetary policy in terms of its use as a target or a
    tool and as an indicator of the competitiveness of the state through its effect
    on the components of economic growth, such as investment and the degree of
    openness to international trade and capital flows and
    the evolution of the financial sector.
    The parallel market
    He
    d. Kamal Al-Basri's "morning" that the increased demand for foreign currencies
    and the weakness of the business environment of economic and fiscal policy and
    weak productive capacities of local and growing presence remittance companies
    and financial brokerage firms (parallel market) and the emergence of areas of
    trade at border crossing points all of which led to volatility in
    the Iraqi currency. noted that the Iraqi currency optical recovering derived
    from the content of the economy and it can not be to stabilize the value of the
    currency away from economic reality.

    GDP
    And
    Asharalbbar to that the reality of the Iraqi economy suffers from a weakness in
    the effervescence basic Through meditate in the components of GDP for the year
    2011 we will see that different sectors are for GDP oil, 54.74 percent and
    agriculture 4.15 percent and the industry is about 1.83 percent, noting that the
    Iraqi economy depends on
    the oil sector, saying that the problem when oil revenues are much bigger than
    the financial returns obtained from taxes reasoned that finding a state asset
    financially significant disposal easy gain (not achieved at the expense of the
    financial resources of citizens), noting that all of this will result in
    economic policies sterile represented an increase of salaries and
    wages away from labor productivity accounts and the creation of employment for
    non-productive purposes useful that all this will result in inflation
    Balasarklah on policy support is an updated economic distortion in the structure
    of the economy.

    Uneconomic
    spending
    He
    also will result in spending policies represented by non-economic activities
    have no justification and كالمنح economic aid and open the external circuits and
    cultural diplomacy does not add real value to the economy for the citizens and
    not be at the expense of pressing economic areas relating to the lives of
    citizens.
    He
    attributed the optical reasons behind the fact that the private sector in
    developing countries, marginal and weak it to ايتمتع support as is the case in
    the public sector, but rather concentrated support in the areas of economic
    commercial and service noting that the absence of the real role of the private
    sector means the absence of creativity and speed adjustment with market needs
    and provide employment outside part
    of the public sector, pointing out that the uniqueness of the public sector
    production and the absence of his rival for the private sector will inevitably
    lead to the continued deterioration of the efficiency of the production of the
    public sector, he said.

    Government
    intervention
    He
    pointed out that this matter requires government intervention and protection of
    the public sector through financial support and customs protection policy
    (currently support the annual $ 3 billion). Thus,
    the government is working to protect the institutions of productivity inert at
    the expense of the citizen who finds unchanged compelled to buy goods or
    services at a higher price and the quality is poor useful that this sacrifice is
    usually also emphasizes global experiences to not lead in the short term and not
    run into improved performance and efficiency of the production of the public
    sector.

    Central
    action
    He
    optic that exchange rate Atatheraola measures the central bank, which represents
    management major in the state to identify and manage monetary policy so as to
    contribute to the achievement of economic goals that are looking her state, and
    secondly commercial banks and remittance companies financial terms intervene in
    the market to execute the orders of their clients or for its own account, where
    you These
    centers collect orders customers and they Palmqasat banking, and thirdly
    brokerage firms are intermediaries militants who collects orders purchase or
    sale of hard currency for the benefit of several banks or dealers others away
    from transparency. drew visual to it, and over the past few months, decreased
    the value of the Iraqi dinar against foreign currencies until
    he was sometimes the market parallel 1300 dinars per dollar, after it was stable
    on the rate of 1185 dinars per dollar, despite the stability of the selling
    price of the Central Bank's 1166 dinars with a commission of 13 dinars of
    remittances any 1179 dinars and 1171 dinars to the sale of cash and this
    indicates to the high demand for dollar in the domestic
    market.

    External
    factors
    He
    attributed this to several factors in the forefront of external factors which
    formed the political and economic crises in neighboring countries (Syria and
    Iran) and embodied in need of these countries to the dollar coin and foreign
    currency, which he got a drop of the local currency in those countries and
    reflected down the price of exports to Iraq, and the creation of windows
    to
    attract the dollar from Iraq to those countries during trading attractive to the
    Iraqis and the same time a source of hard currency to the Iranians and the
    Syrians. On
    the other hand there is interdependence of social and family with these
    countries may also be an outlet for the exit of the dollar but it is difficult
    predict Bmekdarh.

    Investors
    retreat
    The
    other factor is the business environment, represented by economic factors, which
    result lead to a flight of domestic capital and the decline of foreign
    investors, including political instability and the absence of the rule of law in
    economic transactions. There
    is no doubt that the time period that followed the 2008 has seen an improvement
    in the security situation and then in the rate of inflation and the exchange
    rate. However,
    the economic environment is still repulsive acts do not encourage project
    planning medium-or long-term. Which
    led to limiting activities to some businessmen and commercial projects yielding
    quick profit, but is no doubt that the proportion of it turning to other
    countries suffering from scarcity of liquidity implications of the impact of the
    financial crisis that began in late 2008.

    Fiscal
    policy
    In
    addition to other factors, including fiscal policy, where previous years have
    seen high levels of government spending at a greater rate than any other country
    in the world (public spending rose from 34.6 trillion dinars in 2004 to 117.1
    trillion dinars in 2012) and most Pictures Consumer spending is leading to the
    rise spending
    outside world, as well as led to a rise in net Iraqi currency traded amounting
    to 36 trillion dinars in 2013, bringing the demand for foreign currency, where
    the value of imports of Iraqi 37.3027 billion dollars in 2010 to 40.6325 billion
    dollars in 2011 at a rate of change stood at 8.9 percent. as
    well as the weakness of tax policies and lack of political and economic
    stability and the weakness of the local productive
    capacities.

    Cancel
    Profit
    For
    the purpose of finding a solution to the fluctuation in the value of the Iraqi
    currency sees visual need to reduce pumping hard currency (cash sales) in the
    central bank auction and the adoption of increased foreign remittances and
    increase the price of cash sales at the central bank auction for the equivalent
    selling price in the auction of foreign remittances in order to cancel the
    profit realized because of the difference between the two rates ..
    The
    proposed mechanism of buying and selling foreign currency for remittance
    companies and financial companies to mediate done by banks licensed in Iraq in
    order to reduce transaction is eligible and procedures adopted and compel
    traders and dealers in the areas of trade exchange between Iraq and neighboring
    countries to deal transfer financial and letters of guarantee, rather than
    buying cash.
    In
    addition to the commitment to a transparent auction information and cash
    transfers and development of an electronic information
    system.

    Reduce
    inflation
    He
    called visual in his speech to the need to adopt radical solutions to long-term
    by reviewing the financial policy of the state and reduce inflation in spending,
    operational and need to speed up plans for banking reform in order to facilitate
    the procedures for exchange the cash and improve the tax code and work to expand
    horizontally while reducing tax evasion.

    Deletion of zeros
    He
    also called for activating the law of customs tariff because of its important
    role in providing incentives for producers with feature economic, leading to a
    reduction in the volume of imports as well as improved revenue workforce and
    improve the business environment, the economic order to raise the efficiency of
    production for companies and institutions of local productive that will reduce
    imports and increase intake
    of foreign exchange through export, as well as to attract foreign investment and
    the use of modern electronic mechanisms in the distribution of salaries and the
    use of bank instruments and encourage saving.
    He
    pointed to the possibility that be to issue a new currency or deletion of zeros
    from the current currency positive psychological effects on the local currency
    dealers.


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    Neno
    Neno
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    Admin


    Posts : 10948
    Join date : 2012-12-17
    Age : 60
    Location : Lone Star State

    Visual proposes mechanisms quick to raise the value of the Iraqi dinar Empty Re: Visual proposes mechanisms quick to raise the value of the Iraqi dinar

    Post by Neno Tue 21 May 2013, 6:21 pm

    Visual proposes
    mechanisms quick to raise the value of the Iraqi dinar

    Nothing can raise it faster than just lifting VII... ;)

      Current date/time is Thu 28 Mar 2024, 9:20 am