So as not to lose the dollar |

So as not to lose the dollar |






27/5/2013
Obeida Al Nuaimi

The Central Bank's dollar sales of between 20-30 million dollars a day, in order to maintain a fixed exchange rate for the dinar, maybe 120,000 or less versus the greenback at $ 100, according to the plan.

But the question the specialists: where to go these millions that form the hard currency for the country.

Apparently these funds go to community banks, exchange offices, but does not hide the follow-up to Iraq, regional countries affected by economic sanctions, if the current flow to invest hard currency to strengthen their currencies almethaklh.

The economic system was not aware of the seriousness of this waste of hard currency and depleted through rings false for one or more States, this calamity, we may link us to our economy that we want to recover the economies of those States of distress experienced by Iraq in the 1990s, with the substantial difference that it took advantage of a State of siege on our country to mobilize their economies, as we seek to bring our economy to the economies, instead of using the time to take advantage of the enhanced level of development to achieve economic Renaissance Fits imports.

Certainly, we need to know the real exchange rate against the dollar, the dinar because we lean on the day the Bank auctions off a certain boundaries dinar, may lose out at any moment, if they stopped selling it for a dollar, as we expect that recovering dinar just to lift the blockade on Iraq, its weight to the oil market, but, it seems, that monetary policy, failed to find other ways to wellness for the dinar, but sell the currency auctions, real economy did not change anything Only if the relative stability of the national currency, but for what, here lies disaster?.

No doubt, there are mafias manipulated the political establishment, as play economic policy, if we recognized the economic policy debate, otherwise we don't have practice any policy, not the policy, not only in economic policy, which have allowed them to March on as oil imports for State budget, leaving other sectors collapsed, is not strong enough to compete with imported, after we became in unprecedented openness to the world and late products alike.

This drain most of hard currency, after that we import agricultural produce, dairy products, eggs, meat from countries near and far, we allow foreign industrial product that conquers our markets his badness, to compete with the rest of the national product.

Based on this, the hard currency the path towards regional States, and other regional, through the import process is metered, so we became as working for a living, we don't have any advantage from our repelling oil and mobilize other important economic sectors, to come up with our country's dependence on a single source for the economy, the diversity that we have the tools, whether in agriculture, industry, tourism, multiple forms.

The economic problem, we were associated with the dollar, and we are unable to determine strategic orientations without him, because there is no idea to decision makers in the building of a national currency has the power, confidence, and if so, this link makes us not in a position to drain our hard currency at auctions do not know mazes which, in the interest of go, Halim sufficient reference




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According to plan it says in the first paragraph of the greenback. Wish that plan meant the old greenback.... ;)