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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


    Borrowing from abroad risk

    Rocky
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    • Post n°1

    Borrowing from abroad risk Empty Borrowing from abroad risk

    Post by Rocky Thu 14 Apr 2016, 4:25 am

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    Borrowing from abroad risk


     Abdul Hussain Hinan 

    Returned the Iraqi government to act as aplayer gambling is in the final breath of play, there was not left to display only sell his furniture and his car to continue to play perhaps have the opportunity to a recent Fortune restore to him some of what he haslost in the long and repeated losses series, while the government abandoned all thoughts reformist core began to reconsider Iraq to box states mounted a huge mass of debt inaddition to the benefits owed. earlier after itwas ascertained that Iraq 's debt inherited from the former regime are up to $ 140 billion through an international accounting firm revealed many false claims by people and countries and companies reached nearly $ 600 billion (not all debt within the Paris Club), the oldest of Iraq that day to hold important talks with the Paris Club countries through his team and be Adel Abdul Mahdi , the Governor of the Central Bank d. Shabibi, and his deputy , d. The appearance of Mohammed Saleh, legal and accountant Aziz Jaafar, the backing of then - Prime Minister Iyad Allawi and with international assistance has been in the forefront of the United States , represented by James Baker, where the Iraqi finance team managed to persuade theParis Club to reduce 80 percent of Iraq 's debt to reach $ 28 billion through negotiations political and technical arduous and faithful of Iraq. But now, according to the Central Bank of Iraq, Iraq 's foreign debt amounted to$ 45 billion up to 2010 local government debt of 4.6 billion dollars, we do not know the size of this debt now isthe lack of transparency in Iraq 's money management, and there is no independent body can ascertain from which the credibility or accuracy announced by the central bank or the Iraqi government. the Iraqi government "elected" and spent a "very independent" Kavaoa that team to sack one of them, is Shabibi, which is on anofficial mission outside the country and guide the unjust accusations of him, while deposited the appearance of Mohammed with a number of the best employees and the employees of the Bank in prison, was todiscredit the team leader (Mahdi) low manner level without chivalry. after the escalation of oil prices , therates have become an opportunity for every mom to be in the interface, process waste of money stolen does not need science or art or skill, it was the great failure in administration Iraq 's wealth and great corruption of successive governments since that time.   The current government tended to borrow from abroad, like a great achievement, and only one purpose is to provide the employees ' salaries and do not relate to the objectives of development productivity sectors such as agriculture or industry. The fact is that foreign policy loans represent a real threat to the Iraqi economy and its repercussions will appear in the next five years Kobad estimate, because what the government is doing to borrow is not motivated development but to meet thebudget , which constitutes compensation of employees component where President deficit. Borrowing from abroad will not solve the economic problems and government experts believe, it is a helpless haven in light of the current economic crisis, and should not be adopted as one of the core solutions, it increases the country 'seconomic crisis in the medium and long term, and it was better for the government to rely on its own resources and rationalize spending in real and honest with the people and especially the staff of whom Bozmtna along with the adoption of a monetary policy with a new philosophy away from the mentality that kidnapped the Central Bank for a long time, the transition to a flexible and courageous policy offset the decline in foreign exchange reserves to below $ 55 billion , after hitting a more than $ 80 billion in an earlier period ,recording a new record. Does not disclose a secret as to say that we are facing a real disaster , where waits for those knowledgeable in international economic affairs exposure monetary cap US dollars of Iraqi currency in the near term, and can be described the situation a crisis serious coin anticipated (Looming Dollar Shortage), after it glided hard currency reserves as a result of two main reasons: - first: - monetary policy underdeveloped central bank and insist upon, in addition to corruption in the auction currency. II / violation of the Central Bank Law No. (56) for the year 2004 as the Iraqi government pulled the big money to cover itsoperating expenses for the past months with the complicity of the bank 's board and a roundabout where thegovernment is headed for the issuance of Treasury bonds by 12 billion dollars to cover Iraq 's debt owed ​​to oil companies operating within the licensing rounds and to pay part of the budget deficit. And the lack of public confidence in the overall situation, the repayment of the bonds will be through currency reserves in the Central Bank. Half the problem is located in the yard of the Central Bank (Britain chose Great man is a Briton, is theCanadian Mark Carney, to make it a conservative central to her bank of the importance of this site), it is important so that we discuss this policy clearly and not be the preserve of a group called Aalmatha this sector while actually indicates the opposite and confirms the loss of enormous wealth because of this policy.  think the political class and the majority of the people that the high value of the dinar is a symbol of Iraqi sovereignty codes, this nonsense in the world of money, while the reality is that is our national currency ( thedollar) because they sell the currency in which the only Slatna (oil) and therefore had to be to preserve the dinar steady but relatively little value against the dollar. It is very curious to note the Iraqi state issued a single commodity is oil and receives its revenue in US dollars and are struggling to reduce its value against the Iraqi dinar , while the dollar recorded a situation has been relatively stable in all global financial markets thanks to the strength and vitality of the US economy , which remains a leader and an engine of the global economy for fifty years to come on the least. On the contrary, we believe the US dollar recorded a significant decrease in CBI auction within the targeted policy contrary to logic and reason and contribute to the depletion of thewealth of the Iraqi people on a daily basis, for example , most countries in the world producing struggling to low constant currency against the dollar in order to increase the export growth opportunities and reduce ratio of imports to it. for example , China is struggling to install (RMB) low against the US dollar and this is part of the successes of China , which surpassed Japan to become the second global economy after the United States economy. And it applies it to Japan , which is trying hard to re - catalyst balance of its economy that up to 120 yen against the US dollar for one sustain a reasonable rate of economic growth puts it without worry in the list of the top three in the world. And can shorten the Iraqi monetary policy reform colon Johrtin: - interest rate: It must It is low levels of an important factor to stimulate the economy , where it seems that the central ours is very far from what happens in the world, for example , the Japanese central bank decided to negative interest rate (negative interest rate) almost two months ago, and justified that he seeks to stimulate the Japanese economy. Not constitute a scientific and prick our Community sleepers and fearful of any courageous step stimulate the economy and take us backward from the central state to the dynamic economy product ?? . Driving Value Development: With the central bank insists on the policy of radical fear or reluctance, but I think that setting a relatively low value of the dinar against the dollar would provide areasonable volume of oil revenues for the benefit of development, and can refer to the JD (Bremer) , which was up to 1500 dinars per dollar. of all , we believe that such a value of the dinar will be the driving force for development , with low interest catalyst lending rate for the development of the condition of the Iraqi banking system reform to turn into the most important functions and is lending to projects of real development, and such a measure will reduce our crisis by more than 50% , the remaining 50% and remain within the duties offiscal policy , which owns many of the solutions are not the priorities of our article this going into it. And anyone who believes that the value of the dinar constitute an element of sovereignty say that borrowing from abroad constitute Arthana state and the future generations, the biggest violation of the concept of sovereignty because it makes the state under the will and the pressures of international financial organizations that make up the facades of the states skeleton stands in the forefront of the United States.

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