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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

    Monetary policy and its consequences on the Iraqi dinar

    Hkp1
    Hkp1
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    Posts : 3118
    Join date : 2012-12-19

    Monetary policy and its consequences on the Iraqi dinar Empty Monetary policy and its consequences on the Iraqi dinar

    Post by Hkp1 Wed 23 Jan 2013, 1:25 pm

    2013/04/22 (23: 00)

    Monetary policy and its consequences on the Iraqi dinar

    Dr. Roh Naji Al-Hamadani

    Monetary
    and fiscal policy has seen since 2003 a significant shift in the
    banking sector and the Iraqi Government has taken some necessary
    measures as the abolition of foreign exchange control and the lifting of
    restrictions on trade and movement of capital and the support and
    encouragement of private companies in
    the banking sector to move from Exchange control system to an open
    market system as one of the requirements of a market economy.

    And the Central Bank of Iraq as Iraqi State Bank which sets monetary policy, dealing with this policy. Under
    the capital open on West oriented, monetary policy assume float Iraqi
    currency and subject to the law of demand and supply and
    non-interference in the interactive value of the Iraqi dinar against
    foreign currencies, including the dollar.

    The currency market also shows any other goods which leads to monetary instability. The demand and supply is determined by the value of the currency. Accordingly,
    it is expected that the Iraqi currency to further pressure due to the
    volatile political crisis and insecurity that leads to confuse the
    markets and higher prices for goods and services and the trend towards
    more dollar.

    Despite
    the accumulation of huge cash balances of the Central Bank of Iraq,
    which constitute a solid cover of Iraqi currency Iraqi dinar would be
    subjected to severe pressure. Monetary
    value fell recently from 1170 to 1320 dinars to the dollar, and the
    currency has not lived up to the level of competitiveness. The
    relative stability of the dinar in some years it has been at the
    expense of non-quantities of drain reserves and not thanks to the
    efficiency and correct monetary policy Central Bank transferred to ATM.

    As
    confirmed by the Iraqi Central Bank, the monetary reserves amounted in
    2012 some 70 billion dollars and 5.5 tons of gold under this huge stocks
    it is assumed that the Iraqi dinar has significant competitive
    capabilities in the foreign exchange market and exceeding cash dollar. The question here is why stoop dinar towards greater deterioration with this deluge of precautions?

    The
    transition towards a market economy and opening up to the West of the
    capital imposed on Central Bank keep pace with this shift, a policy
    independent of the directive and the shift towards indirect monetary
    tools to achieve monetary stability and tackle inflation and stimulate
    economic growth and other goals that aim to achieve.

    It
    altalca in the work of the Central Bank in achieving these objectives
    as implemented monetary policies are governed by the guidelines and
    policies of international financial institutions, it lost the ability to
    take measures to stop the leakage and cash estimated at more than $ 260
    million a day, according to the daily bulletin that declared by the Central Bank. And
    we must realize that hundreds of millions of dollars leaking to the
    outside part of the oil imports that should invest in the development of
    the national economy and to enhance the value of our national currency
    and preserved from degradation and collapse.

    The
    Central Bank is required to intervene to maintain cash reserves and
    halt the decline of the Iraqi dinar value interactive versus their peers
    from foreign exchange, commensurate with the enormous stocks must
    ensure that Iraqi currency stability and confidence as base currency in
    financial transactions.

    Despite
    assurances by senior officials of the Central Bank of Iraq on the
    strength of the Iraqi dinar because of protection with a strong foreign
    exchange market indicators, however, refuted these allegations and
    affirms that the dollar's rise and the value of the dinar to decline.

    Monetary
    policy for the Central Bank aimed at achieving economic stability
    through access to a fixed exchange rate and stable dinar through
    accumulation of cash reserves of hard currency and convert to the
    corresponding dinar to the dollar and that this trend has not achieved
    the desired economic stability in a country like Iraq which suffers from structural imbalances in the productive sectors and massive unemployment. The
    stability of the national currency exchange rate is linked to many
    factors including the strength of productive activity in the sectors of
    agricultural and industrial goods and service sectors of electricity,
    water, housing and sanitation, education and health that generate cash
    incomes commensurate with outputs which lead to balance.

    Dinar
    exchange rate fluctuations that represents value for money and no
    stability in the domestic market recently led to negative consequences
    in terms of higher prices for goods and services and discredit the Iraqi
    currency and eat into the poor as a result of high prices and the
    dollarization of the Ecuadorian economy. It also led to increased demand for foreign currencies boosted the dollar in the market place. The
    scarce supply of import-related commodity and its inability to meet the
    total demand of the Iraqi market to increase inflation. Bringing imported inflation and inflation linked to high costs and declining GDP.

    The
    Central Bank is required to enhance the value of the Iraqi currency,
    not to provide justifications for the deterioration in the value of the
    currency. It
    is a monetary and fiscal policy to Iraq with international capital
    financial institutions raises the question about the feasibility of this
    policy and its ability to enhance the value of the national currency
    and monetary stability. The
    consequences of opening up to the capitalist system transmission all
    diseases of the capitalist system and financial woes, and cash to the
    Iraqi economy and the plight of the Iraqi is not my parents made in
    isolation from the consequences of the monetary and financial crisis
    affecting the international capitalist system.

    The
    Central Bank can resort to the use of its available cash as a discount
    rate, reserves and other tools available to stop cracking in the
    national currency and its repercussions on the living conditions of the
    poor and downtrodden and low-income people by controlling the money supply
    and take quick steps to enhance the value of our national currency and
    in foreign currency tightened pumped and sold in accordance with legal
    requirements require an association to obtain foreign currency for the
    import of commodities and products essential to support economic
    activity as a means of production and raw materials are not available in the market The Iraqi intervention in industrial and agricultural production.

    Hundreds
    of millions of dollars that flow authoritatively abroad not only offset
    by poor and depressed commodity imports in the markets of neighbouring
    countries as a means to cover up the smuggling of large amounts of hard
    currency, which goes into the pockets of the market Division and thieves
    with staple food of the people. A
    planned and premeditated activity by some regional and international
    powers to weaken the Iraqi currency and the destruction of the national
    economy and sustaining existing crises.

    And
    with a sharp escalation in the current political crisis, the Iraqi
    dinar is expected to further volatility in the exchange rate against the
    dollar will be reflected in the rise of consumer prices and rental
    housing, shops and service businesses and will lead to deterioration in
    the purchasing power of the poor that are the basis of many living pressures.

    The
    Government is required to adopt rational fiscal policy able to create
    internal and external balance to support monetary policy. The
    Iraqi economy is still economical cash its oil revenues constitute 98%
    of its national income, and that the strong economy is measured by the
    extent of State ownership of billions of cash balances, but the strength
    of the economy and ensure the stability and consistency of market prices is determined by the strength and vitality of its industrial and agricultural productivity and self-sufficiency.

    The
    foreign reserves management efficiently requires a sophisticated
    banking system and capable of mobilizing and allocating financial
    resources to the high efficiency of the productive and developmental
    purposes and address fiscal and monetary crises. The
    monetary policy in Iraq face significant challenges such as inflation
    and price volatility and lack of coordination between monetary and
    fiscal policy and the phenomenon of dollarization of the economy.

    The
    rehabilitation of Iraqi factories and laboratories and restarted and
    the establishment of industrial and agricultural complexes and provide
    broad investment climate attractive to domestic and foreign private
    sector and pursue independent monetary and fiscal policy on external
    intervention will lead to the creation of economic cycle contribute to
    increased demand for the currency and the rise of the Iraqi dinar against foreign currencies.
    The stability of the currency value and competitiveness one of basic indicators on the effectiveness of and to monetary policy.



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    Hkp1
    Hkp1
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    Posts : 3118
    Join date : 2012-12-19

    Monetary policy and its consequences on the Iraqi dinar Empty Re: Monetary policy and its consequences on the Iraqi dinar

    Post by Hkp1 Wed 23 Jan 2013, 1:26 pm

    The date on this is like 3 months in advance.. but it's yesterday's article.
    Neno
    Neno
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    Posts : 10948
    Join date : 2012-12-17
    Age : 60
    Location : Lone Star State

    Monetary policy and its consequences on the Iraqi dinar Empty Re: Monetary policy and its consequences on the Iraqi dinar

    Post by Neno Wed 23 Jan 2013, 1:34 pm

    Hkp1 wrote:The date on this is like 3 months in advance.. but it's yesterday's article.
    Cause it is a opinion piece presented by Dr. Roh Naji Al-Hamadani. He is sure when to release his opinion.... ;)
    Neno
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    Posts : 10948
    Join date : 2012-12-17
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    Monetary policy and its consequences on the Iraqi dinar Empty Re: Monetary policy and its consequences on the Iraqi dinar

    Post by Neno Wed 23 Jan 2013, 1:40 pm

    Chairman of the Board Editor

    Fakhri Karim

    VS.

    Maliki

    They don't like each other. Fakhri owns many nespapers, kinda like A George Soro's in the USA


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    The former senior adviser of President of the republic and the head
    of Mada institution for Media, Culture and Arts accused the Office of
    the Prime Minister,



    Nuri al-Maliki of trying to evacuate his home through "military convoy",
    while pointing out that President, Jalal Talabani has intervened to
    stop the evacuation order, and explained that he didn’t "exceed" to "any
    " state possession.

    Fakhri Karim publishes currently articles in Mada newspaper owned by
    him as he present the approval of Prime Minister, Nuri al-Maliki on
    previous political agreements that he had “disavowed" later.


    Fakhri Karim said in a statement briefed by "Shafaq News", that
    "within the series of (Prime Minister Nuri al-Maliki) to prevent freedom
    of speech, his office has sent a military convoy led by a colonel to
    Qadisiyah complex to evacuate my house immediately."

    Adding that , "In the assessment of al-Maliki , such a procedure or
    all temptations of his state that make had make with privilege as no
    state, cant limit my determination to stand against what he is doing
    from occupying the states’ facilities and institutions , political
    overpower and uniqueness in its management and an exposed collusion in
    looting the public money and the protection of corruption and the
    corrupters to reach what he wants of pushing the country to the maze of
    dictatorship and tyranny.


    Karim said that he did not" exceed” the possessions of the state.

    Karim said in his statement, " Maliki acted with this move to express
    himself , as it is in reality, it is just a ruling project that is
    restoring the production of those who found themselves in a moment of
    absence consciousness in a bigger chair than their luck in life,
    forgetting that this chair through the history was a rocker that could
    not protect most notorious dictators, then how is the case with
    semiconductor dictators and just enthusiasts as their hidden intentions
    will be discovered soon or will be revealed by the people and put them
    in the right place befitting them. "

    he added that" such a move will have no luck in preventing freedom of
    speech of those loyal politicians in the country as well as the
    activists in public affairs , "explaining," I have occupied the home of
    the presidency, by an order of the President, but despite the
    intervention of President this time to stop the eviction, but I saw that
    it will be better to put it under the control of the presidency to
    discharge my intention and take myself out of any responsibility to use
    any property of the state, whatever the legality of it was”.

    "As I do this because the public opinion must know that the state
    property became something allowed for Maliki , his followers and his
    entourage unlawfully, but it is being sold cheaply to whom he wants."


    "Finally ... what I'm doing is another expression of asking for
    forgiveness for what I have embarked in good intention for any personal
    purpose, from a personal and political effort that was behind the
    unworthy return for Maliki in a second term that will put the country if
    he continues, on the brink of a freefall, "according to what the
    statement said.



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