An invitation to link the Iraqi dinar to the global economy

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An invitation to link the Iraqi dinar to the global economy  
 
1/19/2016
 
BAGHDAD Hussein al-Tamimi Tgb stressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world's currencies, which in turn will give the power of the economic process within the country.
 
He said in an interview «morning»: that the Iraqi economy at the current stage needs to be clearly defined, pointing out that the laws relating to the economic aspect is still pursuing regulations socialist formula in the economic management of the sector, while economic and trade process pursues an open economy approach or the so-called (the market economy) .
 
He noted that this duplication of inevitably the economic file management will produce an economy is uncertain, Dhi different results, and here you must know that all the major industrialized nations rely open market that adopted in the production processes and import and export operations theory, and therefore, the state of commercial exchange between the countries process It must be built on a unified economic system.
 
Mahmoud said, an example of the reality of the Iraqi economy, it continues to rely on letters of guarantee granted to the traders to complete the import of goods operations, and this means limited to Iraqi criticism within the banks, and then prevent the spread of the Iraqi dinar in international markets, and the result was to weaken the value of the dinar and the inability to use it outside the borders of Iraq, noting the importance of the introduction of the Iraqi dinar to global markets.
 
He continued by saying that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency This in turn will give the power of the economic process in Iraq. He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market, there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets, also contributes to reduce hard currency emerging from Country, where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
 
Mahmoud said that linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally Iraqi against a basket of world currencies, helping to rewrite the business model of the private banks, instead of banks reliance on letters of guarantee and daily quota of hard currency given to it by the central bank on which the banks in achieving their profits, the introduction of banks investment as a project In the major internal and external business processes to take an active role in the country's economy in the Renaissance.
 
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Too much talk and not enough do. Loving this article and hopefully we'll see more of this vein of thought as the locals get educated on how to proceed with the revalue.

jbowhunter wrote:

If an invitation was all that was needed, we could have sent that 10 or 12 years ago!   Can't believe no one thought to do that.   Invitation has been sent.   Now we just wait for the RSVP.   Let's get this done.   I got stuff to do and am sick of waiting around on this.   

We could have helped them with the invites also if they would have just asked... 

Thanks Ward and [You must be registered and logged in to see this link.]

wciappetta wrote:

He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market,

Think about this statement, Value is going to be added to the dinar in order for this to be true.

It better come with interest, like 12 years worth.

and may I add that this makes it an INVESTMENT NOT a simple income tax!

[in-vest-muh nt] /ɪnˈvɛst mənt/
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Syllables

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noun
1.
the [You must be registered and logged in to see this link.] of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.

capital gains plain and simple !

here endith the lesson!