Abadi adviser warns of personalities promoting the idea of ​​the deterioration of the dinar and the

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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Financial adviser Abadi criticizes calls for reducing the dinar and warns of the effects of that



Friday 19 May 2017



criticized the appearance of Mohammed Saleh , the financial adviser to Prime Minister Haider al - Abadi , Friday, calls for a reduction of the value of the Iraqi dinar against the US dollar, stressing that such a move would lead to three crises.

Saleh said in a statement Alsumaria News received a copy of it, "There are parties 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, and the creation of a deliberate deterioration of the level of living in order that the state plugged some of its deficit without considering the management of revenues from outside oil revenues , "he said, adding that" 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 inevitably generates inflationary recession, which exacerbates the general economic situation and common discontent is intended at the time of fighting the war on terror , and we desperately need the elements of economic stability. "


Saleh 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 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 expenses War and the necessary investment process. "

Saleh said 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 expenses less consistent revenue possible, They budgets contractionary really, 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 financing a debt M 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 added 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. "

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Abadi adviser criticizes calls for reducing the dinar against the dollar  

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Economy News Baghdad :
He criticized the   chancellor 's financial prime minister, the appearance of Mohammed Saleh, calls to reduce the value of the dinar Iraqi against the dollar the US, stressing that a move like this will lead to three crises .
He said Saleh in a statement news received " Economy News , " a copy of it, that " there are actors and personalities working unfortunately to promote the idea of deterioration of the rate of exchange of the dinar Iraqi and causing deterioration in the standard of living and hit the stability of the order to impose a tax cash urgently affecting all segments of the people, which is inflation, and the creation of the deterioration of a deliberate level of living of the order to conquer the state some of its deficit from without to think about the management of revenues from outside the revenues of oil " , referring to the " reduction of the value of the currency Iraqi from by reducing the rate of exchange of the dinar against the dollar , for example, will add the results of the destructive impact negative in deepening the effects of the crisis financial, a crisis , a new strength of Inflation at the level of public prices and generates not inevitably recession inflationary, is exacerbating the situation of economic public and common discontent meant at the time of fighting the war on terrorism , and we desperately need to elements of stability and economic . "
He added Saleh that " the country will come here with three crises, the crisis financial not resolved in ways that policy cash fast such as reducing the rate exchange rate of the dinar Iraqi also wants to drive the dollar and the pioneers of dollarization and Moktnzih of the wealthy who are speculating Bakot people and the misery of classes poor and limited income " , noting that " the crisis the second is inflation in prices and the deterioration of stability and economic resulting from the deterioration of the stability of the rate of exchange over the currency foreign and reduced power purchasing pensions and incomes of citizens because of expectations of inflation and broadcast state of uncertainty and lack of confidence in dinars Iraqi . "
He explained that " the crisis the third will be 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, do not forget that inflation in areas Daesh and high rates of inflation rates there to 3 orders of decimals and the deterioration of the standard of living has been precipitated from the victory over the stability of standard of living in the rest of Iraq, a war economic smart that exercised leadership and economic in achieving victory soon " , pointing to that " the government reduced the expenses non - core and frivolous and petty, but did not exercise the policy of austerity absolute Ktkulail salaries or pensions or care and social expenses War and the process of investment necessary . "
He said Saleh that " the process of borrowing the internal and external to finance the deficit budget is the process not ( contractionary ) also claim some, but is the process of motivational and expansive fighting deflation, Valmoisnat deflationary that lead to recession and economic are usually those that are balanced in which the budget level of expenditure is less consistent and revenue possible, They budgets contractionary really, but budgets that are built on the deficit is being funding that the deficit for by borrowing are the budgets of the expansive nature, particularly the policy of financial current in Iraq " , stressing that " borrowing the internal came in accordance with the vision of monetizing the debt Balaam often, any financing debt of For all by expanding cash basis relatively, and not the opposite, either borrowing outside The same applies to such state resources , foreign and other proceeds of oil, so from where the impact of expansion to calculate the flows of foreign entering the spending year and the expansion of mass cash according to the mechanisms known among specialists in the policy of cash . "
Abizaid said that " the promotion of topics dialectical economic incomplete civil in time of war and victory on terrorism is an attempt miserable of a handful of haters who want to weaken the state and rumor desperate " , adding that " there is a process anonymize programmed street Iraqi broadcast the spirit of despair, should beware of schedules business that promotes its forces driven by suspicious negative in the circumstances of positive is the victory of financial and out of the neck of the bottle, as well as the victory of the military and the liberalization of the land and man from the clutches of terrorism . "

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