Experts and are interested in return economic downturn and the volatility of the price of the dinar

Experts and are interested in return economic downturn and the volatility of the price of the dinar to the policies of the government and security tension


Haider Ali Jawad - 06/11/2013

Threw political differences and security tensions in the capital Baghdad and other provinces because of the terrorist bombings and killings and assassinations shadow over the economic situation in the country is the cause of the low exchange rate of the Iraqi dinar against the U.S. dollar significantly.

The experts and officials face significant government barbs on the economic file management in country, مبينين that the government contributed to the decline of the national economy as a result of wrong policies pursued by.

And goes economists that the reasons for poor fiscal policy of the country, especially monetary and fluctuating exchange rate of the dinar against the dollar so many failed economic policy in the country its stability, and focus on the political differences that disrupted a lot of things the state and weakened, including fiscal policy or monetary, as well as the conditions of the country's current generally do not particularly the security situation and the serious repercussions on citizens and life in the country.

Where economic analyst Ismail Aboudi, said the central government made ​​a big mistake in forcing the central bank's policy of non-existent in the market which impact negatively on the dollar price increase.

The slave told {Euphrates News} on Tuesday that "the government forced the central bank to transfer funds and sell the currency in addition to import Iraq bills", pointing out that "the subject of conversion and the dollar does not need to these factors but there are many factors that control the market needs," he said "The central bank determine the policy and sell currency exchange impact negatively on the volatility result to make the dollar go up to the largest numbers of truth."

He bonded "The responsibility of the central bank are in maintaining the price of the currency is the most important pillars of the mission in Iraq is to have a stable currency and where there is no wiggle".

However, the Secretary-General of the Iraqi Islamic Party, Ayad al-Samarrai said that one of the factors of underdevelopment in which we live is the corruption that finds money in bulk employee employed in can not or does not want development shall be corruption and theft of public money.

Samarrai said that "Iraq today lacks a clear economic plan and the absence of the solutions to tackle unemployment and the development of agriculture, industry, and the lack of fiscal and monetary policy that meets the needs of the Iraqi economy."

He explained that "many developing countries have passed levels of underdevelopment like us, but they were able to succeed," asking, "Do they not have been possible to examine those experiences and benefit from them?!".

Samarrai called on the government to "take advantage of what remained of the old to provide a final service to the people before retreating oil prices, which began looming premise Vtstkdm the efficient economic team to develop a strategy and development plan for the next year and the four years that followed."

He also called for the government to "lay the foundations, which are distributed through the majority of the state authorities to the provinces as stipulated in the Constitution, and ترشق our ministry do not remain there only fifteen ministers, not non-", criticizing Prime Minister Nuri al-Maliki as "an army of advisers who do nothing but their formative Council of Ministers parallel to the existing Council and pulled many of the powers and functions of ministries. "

The parliamentary economic reasons attributed the deterioration of the economic situation in Iraq to the deteriorating security situation and follow the routine in the FAQ by local governments and investment bodies.

The country has seen in the period past few escalation of security dramatically through the bombings taking place in the capital Baghdad and a number of provinces, most recently on Monday, as witnessed Baghdad a series of bombings in Sadr City and the secretary as witnessed provinces {Kirkuk, Nineveh and Diyala} is the afterlife bombings claimed the lives of many of martyrs and wounded.

Economists believe that the current situation threatens to deteriorate the economic situation in Iraq in light of the deteriorating security conditions experienced by the country, especially in the current period.

Where Member attributed to the economy and investment committee Amer winner parliamentary under-investment in the country and investors away, to "the deteriorating security situation and follow the routine in the instructions by local governments and investment authorities, pointing out that this is the cause of the damage to the economy of Iraq."

He said the winner told {Euphrates News} that "the lack of security and stability, and follow the local governments of the routine in investment transactions, in addition to underdevelopment and not keep up with developments in banking transactions in developed countries, cause economic damage to the country in general, and that because of its impact on the wheel investment."

The country has seen in the period past few escalation of security dramatically through the bombings taking place in the capital Baghdad and a number of provinces which saw most parts of Baghdad and the provinces in the past month bombings with improvised explosive devices and car bombs resulted in the death and wounding of hundreds of innocent people, which he attributes some observers of the Iraqi that this escalation security caused by political differences between the two blocs.

While stressing a member of the Committee on the economy and investment parliamentary Hussein المرعبي for {Euphrates News} that "the deteriorating security situation led to the departure of foreign companies which have been operating and managing large investment projects in Iraq," noting that "the deteriorating security situation caused damage to a large of the Iraqi economy."

He added that "Iraq is a great need today to open the door for investment and building the infrastructure of the country, provided security and stability because the war waged by the terror of the country is not just political, but has become an economic as well and this is what Ahoudnah through the implications of the security situation negatively on the Iraqi economy."

In the light of fluctuating exchange rate of the Iraqi dinar against the U.S. dollar announced mass citizen on the lips of her deputy, Abdul-Hussein Abtan said his bloc will not remain silent about the continuing decline in the value of the dinar and its impact on the country's economy and the lives of citizens, especially low-income and poor people who, unfortunately, make up half of society.

Abtan stressed in a statement to the Euphrates News Agency {} "The central bank primarily is responsible for improving the dinar exchange rate, it is not reasonable that the country has reserves estimated at 74 billion dollars and the dinar assaulted him in front of the eyes of everybody."

Abtan said that "on the central bank to take action fast and needed to be one dollar versus thousand Iraqi dinars, and this is what our work during the previous years and we have achieved stability of the dinar with the reserve did not exceed $ 30 billion at the time."

The Committee on Economy and Investment has confirmed that parliamentary disputes and political crises that hit the country and the lack of clarity of central bank policy led to the fluctuation of the exchange rate of the dinar against the dollar.

The issue of central bank and its repercussions, which led to the sacking of Central Bank Governor Sinan Shabibi and the appointment of Abdul Basit Turki instead of him acting in addition to reserve a number of staff were due to the low exchange rate of the Iraqi dinar against the U.S. dollar, but that these measures did not limit this decline

[You must be registered and logged in to see this link.]|en&u=http%3A%2F%2Fwww.burathanews.com%2F[You must be registered and logged in to see this image.]