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The prestige of the Iraqi dinar
29/8/13, 12: 00 am
Yasser Metwally
One of the most important treatments for Iraqi dinar exchange rate to strengthen purchasing power and real value through international commercial transactions imposed or investment, so the Indian over Iraqi cooperation step the great economic achievement in the future.
And because the people proud and cherished national currencies has contributed to maintaining its prestige before foreign currency, while the dollar is decisive in all international dealings that even from the heart of the equation to calculate prices and dinar currency, followed by the masters.
We find with the exit of Iraq from Chapter VII could be the role of the Iraqi dinar in business dealings and as currency in different areas after the country's suffocating siege killed.
And exchange rate fluctuations contributed in Iraq and control the dollar market to tarnish the image of the Iraqi economy and weak depreciating and accompanied by inflation and ongoing price which is a life and contributed to the delay in rebuilding the country.
This step is leading the Government while it is still on paper and was implemented only after entering Indian investments alaanha a successful step requires in all dealings with companies and investors, exporters and importers.
Also, adjust the transactions needs to study and evaluate caffeine and then legislation obliging all parties adhere to the priority of the Iraqi currency in transactions, it is true that this action will face the complexities and challenges at first but inevitably turns to achieve success with the experience to be fought with the Indian side in the future.
We also call upon the financial and monetary institutions to study the possibility of the success of this experience, we believe that the Central Bank is the first sense in creating success kits in cooperation with the Ministry of finance, State banks and the Ministry of planning and the Association of private banks in Iraq, represented by its banks and issued recommendations regarding assistance to the success of this pilot experience in Iraq.
The responsibility requires the participation of the Economic Committee in the Cabinet to direct relationship and their role in assisting in the use of national currency in transactions and economic consultancy in Parliament and Government and observer of the discussions and the decision remains with the fiscal and monetary policies in the possible implementation of this experiment and submit them for approval and recognition.
I said in the introduction to this column that the experiment could face complications and challenges simply summarize it in poor absorption of these economic culture of using currency as the dollar has been trading in the minds of all segments of society from the Evergreen to top dealer in Iraq so we need to intensify the media and the money supply of Iraqi currency market is another challenge, and this case will call us to expedite the deletion of zeros for easy handling, but there is the possibility of using magnetic instruments until To complete the deletion, and the bottom line is that we must begin to experience without waiting to restore the prestige of the local currency and see the Iraqi agreement Indian good start in achieving this goal.
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29/8/13, 12: 00 am
Yasser Metwally
One of the most important treatments for Iraqi dinar exchange rate to strengthen purchasing power and real value through international commercial transactions imposed or investment, so the Indian over Iraqi cooperation step the great economic achievement in the future.
And because the people proud and cherished national currencies has contributed to maintaining its prestige before foreign currency, while the dollar is decisive in all international dealings that even from the heart of the equation to calculate prices and dinar currency, followed by the masters.
We find with the exit of Iraq from Chapter VII could be the role of the Iraqi dinar in business dealings and as currency in different areas after the country's suffocating siege killed.
And exchange rate fluctuations contributed in Iraq and control the dollar market to tarnish the image of the Iraqi economy and weak depreciating and accompanied by inflation and ongoing price which is a life and contributed to the delay in rebuilding the country.
This step is leading the Government while it is still on paper and was implemented only after entering Indian investments alaanha a successful step requires in all dealings with companies and investors, exporters and importers.
Also, adjust the transactions needs to study and evaluate caffeine and then legislation obliging all parties adhere to the priority of the Iraqi currency in transactions, it is true that this action will face the complexities and challenges at first but inevitably turns to achieve success with the experience to be fought with the Indian side in the future.
We also call upon the financial and monetary institutions to study the possibility of the success of this experience, we believe that the Central Bank is the first sense in creating success kits in cooperation with the Ministry of finance, State banks and the Ministry of planning and the Association of private banks in Iraq, represented by its banks and issued recommendations regarding assistance to the success of this pilot experience in Iraq.
The responsibility requires the participation of the Economic Committee in the Cabinet to direct relationship and their role in assisting in the use of national currency in transactions and economic consultancy in Parliament and Government and observer of the discussions and the decision remains with the fiscal and monetary policies in the possible implementation of this experiment and submit them for approval and recognition.
I said in the introduction to this column that the experiment could face complications and challenges simply summarize it in poor absorption of these economic culture of using currency as the dollar has been trading in the minds of all segments of society from the Evergreen to top dealer in Iraq so we need to intensify the media and the money supply of Iraqi currency market is another challenge, and this case will call us to expedite the deletion of zeros for easy handling, but there is the possibility of using magnetic instruments until To complete the deletion, and the bottom line is that we must begin to experience without waiting to restore the prestige of the local currency and see the Iraqi agreement Indian good start in achieving this goal.
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