Not delete the zeros stronger currency, but to build a solid economy, my Government of Iraq

Not delete the zeros stronger currency, but to build a solid economy, my Government of Iraq

02/25/2014




Not delete the zeros stronger currency, but to build a solid economy, my Government of Iraq

Deletion of zeros from the Iraqi currency a good will to reduce the vast amount of currency traded in the markets and restore the prestige of the Iraqi dinar prestige, which was worth before the Iran-Iraq war equivalent to 3.3 U.S. dollars, but it will not change the value of the dinar Had your salary is now 120,000 dinars, it is equal to 100 U.S. dollars, and when a new dinar, the salary would be 120 dinars, and remains equal to 100 dollars, the new dinar will not gain strength in the exchange rate against the dollar, but it remains the measure well in ridding the economy of this vast amount of money raised in the markets for trading.








Yes, there are some benefits of this procedure which can reduce how much cash in circulation will lead to increase the speed of cash trading which is (calculated by dividing the gross national product on the amount of cash), which may lead to reduce the compactness (which Houhasl dividing the amount of cash on the gross national product), which may help in this case to go the money chunky to Aledjarao investment, but this assumption is limited because it comes with other things pertaining to the development of the general economy and the extent of its durability and economy in Iraq is characterized by for being a weak economy and fragile affect the many factors have a direct impact on the value of the Iraqi currency.

Of the most important of these factors is the balance of trade and balance of payments that have a significant effect Order to the direction of reducing its value, if we exclude the oil upon which the Iraqi economy entirely now so that became our economy unilateral find that the Iraqi trade balance of the scales tragic (this balance measures the difference between exports and private imports to Iraq), as I said, if this ruled out the oil would be tragic for the balance of Iraq's dependence on imports significantly, this balance gives a pointer to the extent of the pressures that may be exposed currency.

And the balance of payments, which is an account recorded by the rights and debts arising from a particular country and the rest of the world as a result of the transactions and exchanges reflects the degree of economic progress and financial position, which is often required by the International Monetary Fund of all its members for being one of the most important indicators to judge the financial position of the state, and also if we exclude and our dependence on oil imports, the balance of payments, not less miserable than the trade balance, both of which will affect the value of the currency.

So we have to correct the situation the balance of trade and balance of payments to forbid the right conditions to strengthen the value of the Iraqi currency because the situation is the current situation is fragile, any collapse in oil prices or that there is a war in the Gulf region so that can not be exported oil, which is exported the bulk of it from the south of Iraq, these Scales will collapse and crumble with cash value is dramatically

That the most important matter economists in the world is that the economy is in equilibrium and that the balance of payments and trade balance Aijaaan In this case, only gaining currency strength and not the exchange rate against hard currencies to gain competitive advantage in the economy, the importance of the point of balance in the economy outweigh in its impact the value of the currency of the impact of the scales mentioned, equilibrium between supply and demand, prices and income is one of the most important elements of economic stability and growth, any increase in income that was not accompanied by an increase in the supply of goods and services to keep up with the expected increase in demand will lead to price increases, which will eat the increase in income, including that any unexpected increase in demand in Iraq can not face up to offer our dependence on import, we will return to the balance of trade and balance of payments, which again will affect the value of the currency.

So where does the solution and how we can make the Iraqi dinar more powerful and more valuable in the capital market?

The solution is to repair the mezzanine trade and payment and delivery of the economy to the point of balance and building a strong economy, effective, and some of these modest proposals that may help us in this direction:

For the purpose of improving the trade balance and balance of payments and rationalize exchange Iraq's resources and to encourage the growth of industry in Iraq could lead to the absorption of unemployment suggested that prevent the import of all commodities can be produced in Iraq, even if the quality was lower quality than those imported Rivalry commercial sponsor to expel Item lousy market, competition and profit the sponsor is the emergence of industries methylation of what is found in neighboring countries, which are not lower than those in the scientific and technical competencies.

Encourage the establishment of agricultural companies contribution in each province contributes founded by the sons of each province that the cultivation of lands that do not intersect ownership with the ownership of the people rely on groundwater that the industry has focused on crop production strategy as wheat, rice, corn on the contracted state with these companies to buy production if prices more than the import price, because we will ensure not out of hard currency and operation of the workforce, contributing to these companies all the people of the province and shares specific to each person to prevent the emergence layer two angels renewed the State to purchase the shares of poor families share Hola from oil country do not favor from one.

The management of these companies employees and workers who are transferred from the state departments that suffer from underemployment and restructuring of the ministries that do not benefit from their presence and through the feminine and the state departments so as not to lay off workers and staff will be transferred to jobs and other activities.

The Prophet Muhammad peace be upon him: not the best in the nation harvested less than what is grown and eat more than it produces, Vantage separately determined crop strategy is the guarantee of food security for Iraq and the citizen has indicated statistic in 2008 that China's largest wheat producer, has an output of 112 million metric tons of wheat followed by India with 79 million metric tons, and the two countries do not Iverqan on the status of Iraq's human in the field of scientific personnel, technical and technological In the case of the success of these companies must be supported and Msaadenha Export, in India, for example, the government is giving 20% of the value of the issued product bonus incentive to him Indian currency because it enters the country's hard currency, and this will not come out Alcavoh outside India but is being invested at home.

That the government Bariqna projects and not style privatization sell them to foreigners or the affluent owners of money through converted into joint-stock companies be owned by the people of each province where the project is to encourage the people of the province to run the labs, maintain and promote new industries.

Encourage the establishment of residential investment Alambashrmen before the sons of each province and with the support of the government and not wait for foreign investors through the establishment of joint-stock companies in each province contributes to the people of the province and the banks that have invested in loans and contribute to the government in these complexes pay a citizen's share of oil to cover the cost of building a home for every citizen (if it worked Alpha ssh and bowl) House Cupboard work in all of Iraq, and we spent on unemployment.

Nouri al-Sabri Khaz'al Aldhlki

Group: various articles
Published on Tuesday, February 25, 2014 17:17
Posted by: d. Nouri al-Sabri Khaz'al AldhlkI

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Research this one later, lunch is over.... ;)