Abadi adviser warns of personalities promoting the idea of the deterioration of the dinar and the imposition of a cash tax
SECTION: ECONOMICMAY 19, 2017
Baghdad / Baghdad Uz..hdhir financial advisor to the prime minister the appearance of Mohammed Saleh, on Friday, the presence of actors and personalities working unfortunately to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living and hit stability in order to impose a monetary tax urgently affecting all segments of the people, a inflation.
Saleh said in a received statement / Baghdadi News / copy of it, that "there are actors and personalities working unfortunately, to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living and hit stability in order to impose a monetary tax urgently affecting all segments of the people, which is inflation, causing deterioration deliberate standard of living in order to conquer some of the state deficit without considering the management of revenues from outside oil revenues. "
He added, "The reduction of the Iraqi currency by reducing the exchange rate of the dinar against the dollar, for example, will add the results of the destructive impact negative in the deepening impact of the financial crisis, a new crisis-strong inflation in the general level of prices and generates inevitably recession inflationary, is exacerbating the economic situation public discontent is commonly meant at the time of fighting the war on terror, and we desperately need the elements of economic stability. "
He added that " the country will come here with three crises, financial crisis is not solved in ways that rapid monetary policy such as reducing the Iraqi dinar exchange rate will also like the dollar campaign and the pioneers of dollarization and Moktnzih of the wealthy who are speculating Bakot people and the misery of the poor and low - income classes , " noting that " the second crisis is inflation in prices and the deterioration caused by the deterioration of stability over the foreign currency and reduce the purchasing power of pensions and incomes of citizens exchange rate because of inflationary expectations and broadcast state of uncertainty and lack of confidence in Iraqi dinars economic stability. "
He explained that "the third crisis will be a security because of terrorism and the war on Daesh, Valkhasr is the people and the winner of the reduction of the dinar are rich dollar and terrorism, and do not forget that inflation in Daesh areas and high rates of price inflation there to three decimal places and the deterioration of the standard of living has precipitated victory over stability standard of living in the rest of Iraq, a smart economic warfare practiced by the economic leadership in the victory soon, "pointing out that" the government reduced its spending non-essential and frivolous and petty, but did not practice austerity policy of absolute Ktkulail salaries or pensions or social welfare and tunnel T. war and the necessary investment process. "
He stressed that "the borrowing process of internal and external financing of the budget deficit is a process that is not (contractionary), as some claim, it is a motivational process and expansive fighting deflation, deflationary Valmoisnat that lead to economic recession are typically those in which the budget is balanced level of expenditure is less consistent and revenue potential, namely budgets really contractionary, but budgets that build on the deficit is financed the deficit by borrowing are the budgets of the expansive nature, especially the current financial policy in Iraq, "asserting that" internal borrowing came in accordance with the vision of monetizing the debt Balaam often, any public debt financing p N by expanding cash relatively basis, and not vice versa, either external borrowing same applies like any other external resources in revenues of oil, in terms of impact expansion to account falling on public spending and the money supply expansion according to known to specialists in monetary policy mechanisms external flows. "
He pointed out that " the promotion of topics dialectical economic incomplete civil in time of war and victory over terrorism is a desperate attempt of a group of haters who want to weaken the state and rumor desperate , " adding that "there is anonymize programmed the Iraqi street process to spread the spirit of despair, they should be wary of agendas promoted forces driven by suspicious negative in the positive financial conditions is a victory and get out of the neck of the bottle, as well as the military victory and liberating the land and man from the clutches of terrorism. " Ended 21 / m
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SECTION: ECONOMICMAY 19, 2017
Baghdad / Baghdad Uz..hdhir financial advisor to the prime minister the appearance of Mohammed Saleh, on Friday, the presence of actors and personalities working unfortunately to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living and hit stability in order to impose a monetary tax urgently affecting all segments of the people, a inflation.
Saleh said in a received statement / Baghdadi News / copy of it, that "there are actors and personalities working unfortunately, to promote the idea of deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in the standard of living and hit stability in order to impose a monetary tax urgently affecting all segments of the people, which is inflation, causing deterioration deliberate standard of living in order to conquer some of the state deficit without considering the management of revenues from outside oil revenues. "
He added, "The reduction of the Iraqi currency by reducing the exchange rate of the dinar against the dollar, for example, will add the results of the destructive impact negative in the deepening impact of the financial crisis, a new crisis-strong inflation in the general level of prices and generates inevitably recession inflationary, is exacerbating the economic situation public discontent is commonly meant at the time of fighting the war on terror, and we desperately need the elements of economic stability. "
He added that " the country will come here with three crises, financial crisis is not solved in ways that rapid monetary policy such as reducing the Iraqi dinar exchange rate will also like the dollar campaign and the pioneers of dollarization and Moktnzih of the wealthy who are speculating Bakot people and the misery of the poor and low - income classes , " noting that " the second crisis is inflation in prices and the deterioration caused by the deterioration of stability over the foreign currency and reduce the purchasing power of pensions and incomes of citizens exchange rate because of inflationary expectations and broadcast state of uncertainty and lack of confidence in Iraqi dinars economic stability. "
He explained that "the third crisis will be a security because of terrorism and the war on Daesh, Valkhasr is the people and the winner of the reduction of the dinar are rich dollar and terrorism, and do not forget that inflation in Daesh areas and high rates of price inflation there to three decimal places and the deterioration of the standard of living has precipitated victory over stability standard of living in the rest of Iraq, a smart economic warfare practiced by the economic leadership in the victory soon, "pointing out that" the government reduced its spending non-essential and frivolous and petty, but did not practice austerity policy of absolute Ktkulail salaries or pensions or social welfare and tunnel T. war and the necessary investment process. "
He stressed that "the borrowing process of internal and external financing of the budget deficit is a process that is not (contractionary), as some claim, it is a motivational process and expansive fighting deflation, deflationary Valmoisnat that lead to economic recession are typically those in which the budget is balanced level of expenditure is less consistent and revenue potential, namely budgets really contractionary, but budgets that build on the deficit is financed the deficit by borrowing are the budgets of the expansive nature, especially the current financial policy in Iraq, "asserting that" internal borrowing came in accordance with the vision of monetizing the debt Balaam often, any public debt financing p N by expanding cash relatively basis, and not vice versa, either external borrowing same applies like any other external resources in revenues of oil, in terms of impact expansion to account falling on public spending and the money supply expansion according to known to specialists in monetary policy mechanisms external flows. "
He pointed out that " the promotion of topics dialectical economic incomplete civil in time of war and victory over terrorism is a desperate attempt of a group of haters who want to weaken the state and rumor desperate , " adding that "there is anonymize programmed the Iraqi street process to spread the spirit of despair, they should be wary of agendas promoted forces driven by suspicious negative in the positive financial conditions is a victory and get out of the neck of the bottle, as well as the military victory and liberating the land and man from the clutches of terrorism. " Ended 21 / m
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