Parts of the draft brought the dinar will cause the country to lose billions of dollars annually to

Parts of the draft brought the dinar will cause the country to lose billions of dollars annually to raise zeros currency should be given opportunity to restore power in global markets



Baghdad, Mohammed Kazem

13/8/13

The lifting of international sanctions on Iraq Government before a historic opportunity to increase the value of the dinar to the highest levels against foreign currencies, by approving a Bill eliminated currency and which will reduce the size of the money supply and restore confidence to global oil balance added to Golden balance in international banks and successive political conflicts and contributed to the crisis, the Central Bank to delay passing the draft eliminated currency that it was hoped that during the current year, after completion of all project actions, this delay will cause loss of billions of dollars Iraq Each year, the Student Council Presidency Ministers earlier the Central Bank to wait to delete the three zeros from the local currency, as a major project, and requires sufficient time to apply. a member of the parliamentary Finance Committee, Abdul Hussein Al-yasiri: lifting UN sanctions on Iraq by opportunity to restore Iraqi dinar for strength and power on the global market, close to previous purchasing value It was more than three times the us $, and descended from the imposition of sanctions under Chapter VII and printed the previous system of poor currency. Indicating that the termination of the international sanctions and a new currency that would restore the previous value of the Iraqi dinar. He said Al-yasiri told (Badr): possible qualitative leap in price and value of the dinar in the world trading markets to possess all the ingredients for recovery provided that strengthen confidence of the deal, through the adoption of currency brought to international companies to print currency put secret markings to prevent forgery, and this case will boom in the dinar, will rise in value then gradually to peak during the period. Al-yasseri said: the country's exit from Chapter VII on the political side, contributed to the liberation of Iraq will on the economic side, give Iraq much room on important issues including banking, on Iraqi and foreign currency trading, as well as investment in Iraq has not been able to attract investment during the previous period, which was the fear of Iraq being located within a huge chapter six Dimensions, which pulled the country's sovereignty and independence, and shackled him in all aspects, in particular the economic aspect. According: out of UN sanctions entail the recovery of the Iraqi economy, political possibility government ownership to invest and hire in all areas of development and construction, agriculture, tourism and industry, and if Iraq's work in this area and allowed the private sector to turn the Iraq economy will flourish, and if this situation occurred, the Iraqi currency would take the space required and will regain its former glory, It will support Iraqi currency by selling dollars in Iraqi dinars by Central Bank auction, which directly affects, to the forces of supply and demand on the market mechanism determine prices Iraqi dinar to the dollar, and economists consider it a commodity and commodity determined capacity of supply and demand. He noted: the most important step in restoring Iraqi dinar for measuring political agreement to end the stranglehold of the country, which will contribute to the strengthening of the security and the value of the Iraqi economy, and works to attract investment and foreign companies in the country, with enormous financial budget for this year (157) trillion dinars would contribute to strengthening the power of the dinar buy 'erVisor. He is a member of the parliamentary Finance Committee: that the procedures be adopted to increase the value of the dinar currency, requires the Government to pay tribute to all sectors of production and investment to support the local currency, in line with the movement of the currency brought to achieve financial abundance of production sectors and investment will strengthen the Treasury cash, alternatives to Iraq exports other than rent profit accruing from oil exports, and put it under the Golden balance in global banks.


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If you want to attract foreign company's , pass tax laws investment laws and treat UR people as humans and not moters !!!! Give foreign company's tax breaks and corporate laws !!! Iraq has all the assets and they act like they don't know how too move forward , surly somebody is helping them out !!!! God I hope $$$$