Center calls for economic disengagement of the Iraqi dinar to the dollar

Center calls for economic disengagement of the Iraqi dinar to the dollar



Date Posted: 2:39 pm, October 19, 2013

BAGHDAD (Independent) .. Economic Information Center called for Iraq to move from the dollar area and linking the Iraqi dinar more stable currencies.

The head of the center Dergham Mohammed Ali said in a statement today, “despite the announcement the White House, the end of the crisis, shutdown the government the U.S. but there is another crisis threatening the U.S. economy is the high ceiling of the government’s debt the U.S. to record levels reached 17 trillion dollars, a large sum difficult to deal with in light of the lack of indicators for the recovery of the U.S. economy, which is Mihdd new economic crises threaten the dollar zone. “

He stressed “the need for monetary policy in Iraq and in cooperation with the Iraqi government on the transfer of Iraq from the dollar area that are exposed to the risk of real economic not experienced since the Great Depression in the twenties of the last century, which would require a study to find alternatives to the dollar in the reserves of Iraq’s foreign currency basket includes Asian currencies the most stable, such as the Chinese yuan, in addition to the euro and the pound sterling and the Japanese yen and other currencies TOP stabilizing of the dollar. “

He also called on the center to “promote the transformation of the phenomenon of dollarization in the Iraqi market to a basket of currencies this through drawers partial beginning of the currencies in the currency auction and encourage the Iraqi market for traded through payment in these currencies, especially for imports coming from countries that are trading those currencies.”

He continued, “In addition to these measures Iraq put the idea of ​​disengagement from oil exports in dollars meetings of the Petroleum Exporting Countries OPEC to protect oil prices from being influenced prices, the dollar and the need to search for real alternatives for development under the threat of oil prices associated with the U.S. economy, mainly the fact that the United States the largest importer of crude oil in the the world and any economic downturn سيصيبها the greatly reduce imported crude oil. “

The center said that “as it emphasizes the need for a serious move in this direction, the data to seriously اتشير the special programs to find the parallel development of alternatives to oil their replacement in the budget for Iraq to protect the Iraqi economy from price fluctuations in the global oil market.” (End)

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Economic center demanding the government to unlink the Iraqi dinar to the dollar






BAGHDAD - Iraq Presse -19 October / October: Student Government Economic Media Center need to work on the "disengagement of the Iraqi dinar to the dollar," noting that "the current data do not indicate seriously special programs to find alternatives to the parallel development of the oil."

The head of the center Dergham Mohammed Ali in a statement received / Iraq Press / Saturday, a copy of it, "Despite the end of the crisis, shutdown the government the U.S., but there is another crisis threatening the U.S. economy is the high ceiling of the government's debt the U.S. to record levels reached to $ 17 trillion, "noting that" the U.S. economy is threatened by the new economic crises threaten the dollar zone. "

He called Muhammad Ali the Iraqi government to "study to find alternatives to the dollar in the reserves of Iraq's foreign currency basket includes Asian currencies more stable, such as the Chinese yuan and the Japanese yen as well as the euro and the British pound and other currencies are stabilizing higher than the dollar," noting that "the dollar zone is exposed to the risk of real economic not experienced since the Great Depression in the twenties of the last century. "

The Muhammad Ali that "currency auction conducted by the Central Bank of Iraq will be the beginning of the introduction of these currencies and dealing in them and traded through the Iraqi market, in addition to" put Iraq to the idea of ​​disengagement from oil exports in dollars meetings of the Petroleum Exporting Countries OPEC to protect oil prices vulnerable to price dollar universe States United's largest importer of crude oil in the world and any economic downturn سيصيبها the greatly reduce imported crude oil. "

Muhammad Ali stressed the need to "move in this direction, considering that current data do not indicate seriously special programs to find alternatives to the parallel development of oil to replace it in the budget for Iraq to protect the Iraqi economy from price fluctuations in the global oil market." Q ended


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Anyone can scream what ever they want too but in reality, there is to much tied to having to do what you have to do by past arrangements including War, Protection, and Trade. The SFA's are done periodically, just follow the wordings of those agreements and, never forget the history even tho it can change but lastly, Pray & Believe, and DIVERSIFY..... ;)

OS: Also, live with in your means and always limit debt. Besides a Home and a Auto note, you should try very hard to pay cash for all else.

my father always told me that if you can't pay cash for it, you don't need it.that's the way i do it. i owe nobody except for my house, and i only have 10  more months for it to be mine. in the meantime i and my wife ,carefully watch every penny we spend on anything.

Economic Information Center urges the government disengagement of the Iraqi dinar to the dollar

Economic Media Center student government need to work on the disengagement of the Iraqi dinar to the dollar to protect the Iraqi economy, noting that "the U.S. economy is threatened by the new economic crises threaten the dollar zone."
The head of the center Dergham Mohammed Ali in a press statement that "despite the end of the crisis shutdown of government the U.S., but there is another crisis threatening the U.S. economy is the high ceiling of the government's debt the U.S. to record levels reached 17 trillion dollars," he said, adding that " dollar area exposed to the risk of real economic not experienced since the Great Depression in the twenties of the last century. "
Mohammad Ali demanded the Iraqi government to "study to find alternatives to the dollar in Iraq's foreign reserves to a basket of currencies including the most stable Asian currencies such as the Chinese yuan and the Japanese yen as well as the euro and the pound sterling and other currencies are stabilizing higher than the dollar."
Number of reading: 77 Sunday, October 20, 2013

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Economists: can not unlink the dollar for the Iraqi dinar

20-10-2013 | (Voice of Iraq) - Add a comment -

Despite the announcement the White House end of the crisis closure of government the U.S. but there is another crisis threatening the U.S. economy is the high ceiling of the government's debt the U.S. to record levels reached 17 trillion dollars, a large sum difficult to deal with in the absence of indicators for the U.S. economic recovery is Mihdd crises economic New threaten the dollar zone.

Center Economic Media said in a press statement received PUKmedia, a copy of it, the need for monetary policy in Iraq and in cooperation with the Iraqi government on the transfer of Iraq from the dollar zone, which is exposed to the risk of real economic not experienced since the Great Depression in the twenties of the last century, which would require a study to find alternatives to the dollar in the reserves of Iraq's foreign currency basket includes Asian currencies more stable, such as the Chinese yuan in addition to the euro and the pound sterling and the Japanese yen and other currencies are stabilizing higher than the dollar in addition to promoting the transformation of the phenomenon of dollarization in the Iraqi market to a basket of currencies this through drawers partial start these currencies in the currency auction and encourage the Iraqi market traded through payment in these currencies, especially for imports coming from countries that are trading those currencies.

Center, a member of the Finance Committee announced parliamentary Najiba Najib said the current Iraqi currency with limited categories does not correspond with the budget for Iraq and not be encouraging for investors so Aztron to trading foreign currency, "the dollar."

Najib said in permit for PUKmedia, on Sunday, "that if there were coins from class 200 or 250 thousand was an encouraging motivation to improve monetary policy."

He stressed that "the current form without studying hard and without reform the economic and financial system in Iraq and the current currency denominations disengagement of the Iraqi dinar to the dollar."

MP Najib confirmed that the "disengagement of the Iraqi dinar to the dollar needs to raise the value of the Iraqi dinar and the plans, strategies and clear and the use of some economists."

For his part, professor of economics at the University of Sulaymaniyah Khaled Haidar said delinking the dinar from the dollar is possible that the Iraqi economy is unilateral ie, that Iraq exported oil and imports most of its needs from abroad any dollar against Iraq in all cases to crises.

He said Haider told PUKmedia, said on Sunday that "Iraq he can seek to reduce the link dinar to the dollar by increasing domestic production and reduce imports from abroad, leading to bridge the growing demand caused by increased purchasing power relative in addition to increasing the number of population in the country."

The White House has issued on the first of October, the current orders to federal government departments partial cease to operate, after Congress failed to reach an agreement on the budget for the new year.

The Congress approved the U.S. on October 17 current, a bill ending partial closure of the government departments and sparing Washington defaults on its debt, and hours before the deadline to raise the debt ceiling to 16.7 trillion dollars, but facing Washington risk of defaults.

Several countries have warned of the impact of oil closures U.S. government on the financial dealings of her country and its income from oil and especially that dealing with the United States directly.

Iraq has a yield unilateral country depends on oil dramatically in the financing of public budget and the contribution of oil more than 90% in the GDP of the country.

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