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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    Economic expert: Iraq can not trade in its local currency

    Rocky
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    • Post n°1

    Economic expert: Iraq can not trade in its local currency - Page 2 Empty Economic expert: Iraq can not trade in its local currency

    Post by Rocky Thu 05 Oct 2017, 8:02 am

    First topic message reminder :

    [size=32]Economic expert: Iraq can not trade in its local currency[/size]

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    BAGHDAD (Reuters) - Iraq's agreement with other countries to trade through the local currency and abandonment of the dollar will have positive repercussions on the economic situation, the economic expert said on Thursday, pointing out that Iraq can not take such steps at the moment because of weakness Economy and the absence of national industry.

    "Iraq's agreement with other countries for commercial exchange through the local currency and abandonment of the dollar will have a positive return on the economy," Smisem said, "noting that" trade in local currency will reduce the inflation rate significantly because of the lack of the need to buy Dollar or reduce the proportion of purchase. "

    The economic expert said that "Iraq can not take such steps at the present time because of the weakness of the economy and the absence of national industry as it is still dependent on foreign imports and a large percentage," noting that "the agreement between Turkey and Iran on trade in local currency came because the economy of the two countries Strong and at the same level will benefit the two countries due to the decline of the Turkish lira as well as for Iran, which was suffering from economic sanctions. "

    On Wednesday, Turkish President Recep Tayyip Erdogan announced the use of local currency as an alternative to the dollar in trade between Turkey and Iran. Finished 2

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    Screwball
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    • Post n°11

    Economic expert: Iraq can not trade in its local currency - Page 2 Empty Re: Economic expert: Iraq can not trade in its local currency

    Post by Screwball Thu 05 Oct 2017, 4:22 pm

    every argument for against is an argument as to why it needs too! It can and it will...
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    • Post n°12

    Economic expert: Iraq can not trade in its local currency - Page 2 Empty Re: Economic expert: Iraq can not trade in its local currency

    Post by Screwball Thu 05 Oct 2017, 4:24 pm

    wciappetta wrote:
    Early1 wrote:Here is problem as I see it - just pumping oil is not enough for strong currency - look at what has happened in Venezuela - rich country in oil and no economy - thus their currency has gone in the tank. - It takes more than having oil assets for a strong currency.

    Ali - from Dinar Trade - always said that - when Iraq's economy improves - their currency will go up in value.

    Stabilization of the Country - getting rid of ISIS - no internal wars - is important

    nor will it in the near future. laugh
    lol!

    Well the GDP of Iraq in 2013 was equal to 1980 and the basis of economic strength is the same ...at that point the only thing hold her back was the chapter VII sanctions... the point is the economic strength was equal then. and you can never consider communist Venezuela in the same conversation as Iraq. 

    The isis issue caused a contraction of the economy by only .4% for 2017 which has been supplemented by IMF funding and is expected to run 3% in 2018 a number celebrated in the US. The only issue  as I see it is the Kurd matter which I believe is going to be  short lived because of the tremendous political pressure against it.

    There is a village or two to conquer, but other than that action will take place concerning this currency because reconstruction is soon to happen and the RV will be sandwiched in between today and that event .

    Also lets not forget the CBI having a plan to solve the dinar hoarding issue in the country, there is only one way they can draw that money into the banks.

    BTW Ali from dinar trade is hardly anyone I would consider as having a foundational background about Iraq's monetary intention.

    Exactly well said....imf has said they need fiscal consolidation, a sizeable fiscal adjustment and fiscal space. Can on,y do this with a revalue and as Ward said cash hoarding needs to end only only one way to do that...
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    • Post n°13

    Economic expert: Iraq can not trade in its local currency - Page 2 Empty Re: Economic expert: Iraq can not trade in its local currency

    Post by Rocky Fri 06 Oct 2017, 2:23 am

    good job Ward thumbs
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    • Post n°14

    Economic expert: Iraq can not trade in its local currency - Page 2 Empty Re: Economic expert: Iraq can not trade in its local currency

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