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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

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    Iraqi citizens and hammer monetary policy ... Challenges low dinar exchange rate against the greenba

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
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    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Iraqi citizens and hammer monetary policy ... Challenges low dinar exchange rate against the greenba Empty Iraqi citizens and hammer monetary policy ... Challenges low dinar exchange rate against the greenba

    Post by Hkp1 Fri 24 May 2013, 8:05 pm

    Iraqi citizens and hammer monetary policy ... Challenges low dinar exchange rate against the greenback


    Posted by: citizen news

    Prof. Dr. Jawad Kazem Al-Bakri
    Babylon University-Faculty of management and Economics

    Part II

    Through
    previous data to conclude that the Iraqi economy is moving towards
    inflation, though the rate is slower, the monthly amount of the
    inflation (1%) will be (12%) Annually, assuming that inflation will
    remain at a level (1%) Per month, which is doubtful in light of
    developments in monetary policy in Iraq, and under the political effects
    that began to overshadow the economic situation in the country.

    The
    high inflation rates usually lead to a devaluation of the national
    currency, and this outcome began to emerge early 2013 simultaneous
    course with high inflation, the value of the Iraqi dinar has fallen from
    1200. dinar to the dollar in December 2012 to 1,300 dinars to the
    dollar since the beginning of 2013.

    Should first know the causes
    that lead to the lower exchange rate of the local currency against
    foreign currency of reference, there are a variety of reasons, including
    economic, political, and economic result from high rates of inflation
    and low and then reduced the purchasing power of money, as well as
    increase the weakness in the balance of trade and balance of payments
    for the State as a result of high demand for hard currency and the
    absence of a national production is exported abroad and increase demand
    for goods and raw materials from foreign countries, and the third reason
    hwalasdar the new cash would strengthen further, view If accompanied by
    a rise in productivity, the political causes of war awalhsaralaktsadi
    or some of the policies pursued by Governments to create a placebo to
    satisfy peoples or dumping policies.


    In Iraq, ' inshallah '
    many causes that eventually led to the depreciation of the Iraqi
    currency in early 2013 and up to the present, including the following:

    *
    Monetary policy pursued by the Central Bank of Iraq to reduce the
    currency auction on the grounds of corruption in deals to sell the
    currency, and here we would like to make two very important first that
    corruption in these transactions cannot be processed through the
    necessity to reduce the supply of dollars in the domestic market, but
    also through the fight against corruption, the Central Bank has reduced
    the currency auction result damaged the Iraqi economy as a whole,
    through currency depreciation, for the purpose of addressing the
    situation of corruption caused by some users, and say Here most of these
    users are included in the political process as in the time of the
    former regime, point alakhrihi to preserve the value of the Iraqi
    currency how make Iraqi citizens regain confidence in the national
    currency, which suffered after she suffered at the hands of
    dictatorship, this province is certainly not without cost, dollars paid
    to auction, whatever their size, the low cost to maintain the rate of
    the national currency for these years.

    * Anfrd the blockade the
    economic to Iran and the war in Syria has reduced the dollar reserves
    for these two countries, their merchants turn to the Iraqi market for
    the purpose of obtaining dollar using the vast amount of available Iraqi
    currency they have because of the unilateral trade exchange between
    them and Iraq, Iraq imported large quantities of goods from those
    countries without export little.

    * I have contributed to the
    phenomenon of expectations (Expectations) on increased demand for the
    dollar against the Iraqi dinar, Iraqi citizen after all these dips in
    the price of the Iraqi currency to the US dollar is expected to further
    decline began, so began the phase-out of the dinar against the dollar,
    which has led to increased demand for the dollar, with the Central Bank
    cut the dollar auction, on the one hand, and the exhibition of the dinar
    in the market on the other.

    * Led government interventions in
    Central Bank policy, which almftrs that enjoys independence in all
    countries of the world, a negative role in the aggravation of the
    problems of the national currency, as there is always an inverse
    relationship between government intervention and the ability of the
    Central Bank to use monetary tools to address the problems of cash into
    the economy, the more State intervention, the lower the capacity of the
    Central Bank to reduce the cash problems in the national economy.


    It
    is possible that this phenomenon had multiple negative bathara on Iraqi
    economy if without addressing the real scientific, these impacts are as
    follows:

    * Prices of local goods and services, if the akhedma
    consideration over (90%) The Iraqi market goods are imported from
    abroad, are already resident in dollars and that any reduction in the
    value of the dinar against the dollar to pay more for the same product
    dinars compared to the period before the devaluation of the dinar.

    *
    Damage classes that depend on both their incomes or dinars in their
    savings, the savings will be worth with Dinaric devaluation of the
    dinar, as well as damage to a staff, retirees, lenders, borrowers dinars
    to the dollar, government contractors in dinars in particular
    contractors, lessors of properties, tenants of the dinar to the dollar,
    are still considered property.


    Either proposed to limit the
    depreciation of the Iraqi currency to the US dollar and other currencies
    could be summarized as follows:

    * Return to a monetary policy
    that was pursued by the Central Bank of Iraq in the past five years and
    that rely on the local meet market demand with surplus dollar Iraqi
    dinar, by continuing the auction currency.

    * Activation of the
    fight against money-laundering and smuggling hard currency out of the
    Iraqi economy away from the policies of the Central Bank, through
    relevant bodies or departments.

    Granting more autonomy to the
    Central Bank of Iraq and not dragged to haggling policy, as the Central
    Bank intervention has a direct affect the standard of living of the
    individual who suffers from terrorism, and that this intervention will
    add another ' suffering is suffering.

    * We are accustomed in
    Iraq, under quotas, that is alastisar on the block or the party or sect,
    regardless of jurisdiction, so it is possible to view advisory
    committees specialized in economic affairs when making any decision
    concerning the lives of Iraqi citizens to study the pros and cons before
    doing so.

    The wizards remain involved with the efficiency of the
    Monetary Authority and seriousness in lifting Iraqi citizens from the
    clutches of inflation which has been plagued by a long time, said Iraq
    stands at a crossroads in terms of national unity and the barbaric
    attack which leave daily from the rivers of blood, there is no room to
    add new burden on his shoulders through the failure of monetary policy
    that could infect the patient bmkotla.


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