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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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    A specialist separates the relationship of the fluctuation of the exchange rate with the strength of

    Rocky
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    • Post n°1

    A specialist separates the relationship of the fluctuation of the exchange rate with the strength of Empty A specialist separates the relationship of the fluctuation of the exchange rate with the strength of

    Post by Rocky Mon 21 Aug 2023, 5:29 am

    [size=30]A specialist separates the relationship of the fluctuation of the exchange rate with the strength of the Iraqi economy
    [ltr]2023.08.21 - 11:23[/ltr]
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    Baghdad - Nas  
    Economic expert Yasser Al-Mutwali said, on Monday, that the Iraqi economy is strong and solid, but the fluctuation of the exchange rate is caused by political and economic instability in the country.  
      
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    Al-Mutwalli added in an analytical article followed by “NAS” (August 21, 2023) that “the general public who are not specialized in economics and money believe that the criterion for the strength of a country’s economy is the exchange rate of its currency against the dollar, or any other currency or means, while most economists agree that The world is aware of the incorrectness of this theory, and we are often faced with a question: Does the value of the currency reflect the strength of the economy of that country?  
      
    The specialist pointed out that "financial and economic experts agree that the exchange rate for any currency is an accounting number agreed upon between global central banks and does not reflect the strength of the country's economy."  
      
    Al-Mutwalli gave an example of the Jordanian and Saudi economies, saying:  
      
    Regarding the Saudi riyal, for example, (one dollar equals 3.75 riyals), 100 dollars equals 375 riyals), and as for the Jordanian currency (the dollar equals 70 piasters, every 100 dollars equals 70 Jordanian dinars).  
      
    the question is; Does this mean that the Jordanian economy is stronger than the Saudi economy?  
      
    "Of course not, because Jordan's GDP is $50 billion, while Saudi Arabia's GDP is nearly $1 trillion."  
      
    Al-Mutwalli stressed: "From this we conclude that the exchange rate does not reflect the strength and durability of the economy. Therefore, fixed exchange rates are a purely administrative governmental decision that has nothing to do with the strength of the economy."  
      
    He also added: "And if we follow international experiences in dealing with the size of their currencies, Argentina, Turkey and Italy have worked to delete six zeros from their currencies, which is a treatment to regulate currency circulation and reduce its volumes in dealing, and this proves that the exchange rate is an accounting number, nothing more, and a government decision." 
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    wciappetta
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    • Post n°2

    A specialist separates the relationship of the fluctuation of the exchange rate with the strength of Empty Re: A specialist separates the relationship of the fluctuation of the exchange rate with the strength of

    Post by wciappetta Mon 21 Aug 2023, 6:51 am

    Unless you're the poor guy needing to buy goods in a 95% import environment. Let's remember the US state dept published a report call the " the Future of Iraq Project" and on page 14 they state it is essential to return the exchange rate to what it was back in the 1970's. This is the foundation for why this investment exists. To be absolutely clear, the rate, they say is $3.30.

    [url=https://nsarchive2.gwu.edu/NSAEBB/NSAEBB198/FOI Economy and Infrastructure.pdf]FOI Economy and Infrastructure.pdf (gwu.edu)[/url]


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