We will bring us back to the stage of nineties and compounding the crisis of the poor and most of th

We will bring us back to the stage of nineties and compounding the crisis of the poor and most of them !! Instead of recycling the wheel of production .. The government seeks to reduce the value of the Iraqi dinar

May 25, 2017


The observer of the Iraqi / Mushtaq Hasnawi

increased calls for some parties and political figures to reduce the value of the Iraqi dinar against the US dollar to reach (200 thousand) dinars each ($ 100) in order to provide financial liquidity to the state, but these calls were rejected because the catastrophic consequences on the Iraqi economy, the decline in the value of the Iraqi currency would cause high inflation rates significantly, as well as the deterioration in the standard of living and will increase the economic recession experienced by the local markets will bring us back to the stage of the nineties of the last century , where space will allow an increase Almrfahin of traders who are only beneficiary For the last of the devaluation of the currency in return high rates of poverty, these measures taken in order that the state plugged some of its deficit without considering the management of revenues from outside oil yields, it was better for the government to diversify the sources of income and the recycling of industrial machine and attention to agriculture and supporting farmers and the advancement of the sector Special in order to create new jobs and not ill - considered actions contribute to increasing the suffering of the citizen. See Specialists: must be released solutions from diagnosis phenomena and shortcomings in the expenses and revenues of the state, which if not addressed by the real, the oil resources -manma Kbert- will be unable to balance and economic and development objectives of the public budget, and continue bleeding resource trends do not achieved a real accumulation in the expansion of economic activity and reducing unemployment and achieving social welfare and human development. Says economist Hafez Al Bishara in contact with (Iraqi Controller) that calls for reducing the value of the Iraqi dinar have negative consequences on the national economy, Iraq is going through the conditions of security and economic difficult in light of the austerity policy pursued by the government, the first affected is the citizen who will reduce the purchase of goods goods due to high prices, markets are in a state of deflation tight liquidity and in the case of the high value of the dinar, most of the employees ' salaries are not enough living under cuts imposed on it. He continued Al Bishara: The strength of the dinar is equivalent goods and services so the demand for commodities will be reduced, causing increased rates of inflation and stop economic growth, so we are against these calls but we demand the abolition of taxes imposed on citizens. For his part , says Dr. Abdul Rahman al - Mashhadani , an economist in contact with (Iraqi observer): The devaluation of the dinar low rates does not work economically only if the price ($ 100) , equivalent to (200 thousand) Iraqi dinars, but these calls should not be applied at this stage Iraq is going through an economic crisis and the austerity policy, rise in the dollar will reflect negatively on the citizen, because all imports are in dollars and thus there will be a rise in prices and this will be offset by an economic downturn due to the scarcity of money He continued: the proposal to reduce the value of the Iraqi dinar against the US dollar , which some posed today as fill The deficit in the state budget by paying a higher value of the dollar purchased by the Central Bank of the Ministry of Finance and thus sell the dollar at a higher price in the market - the proposed 1500 dinars, this proposal is undoubtedly a proposal followed by some countries substantive goals, in most cases , it is to promote the country 's exports where they become worth less in foreign currency shall be priced at a global competitor, and in the case of Iraq is an easy solution proposed and directly increases the amount of the dinar you get the Ministry of Finance against the dollar, but it holds a solution for many cons. To the detection of financial advisor to the Prime Minister, the appearance of Mohammed Saleh, about the reasons for not reducing the Iraqi government for the value of the Iraqi dinar, stressing that reducing the value will enter Iraq by 3 crises linked to price inflation and "terrorism" and the deterioration of living standards.


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I don't think we will ever see in our lifetime  an equal exchange rate.