Thread: Iraq/Dinar News. 09/05 to 01/14/07

Essays Iraqi dinar are between zero and the game economy D. Peace Abdul Karim Ali There has been much talk in recent days on the draft amendment to the value of the Iraqi dinar. I say "adjust" because this applies to the individual meanings on several aspects including improvement first, and when he put this procedure, It was quoted at the outset of one of the senior officials directly concerned with this subject, it was simply not detailed public statement, After further enquiries, and the comments indicate that this will be the proposed amendment is to raise three zeroes from the right figure, the amount (5, 000,000) five million Iraqi dinars become adjustment (5,000) 5,000 Iraqi dinars, and has witnessed many such action, But I tried to explain the matter and found it necessary to make my pitch door scientific explanation for such a procedure, and with a great deal of humility - Connie I was still a researcher economic. Determine the value of the currency is linked to a combination of factors already robustness of the national economy and its strength and how much has the resources, as well as international economic relations, which reflected a balance of trade and balance of payments if for the State or not, where the deficit or surplus, which show how the State, and the direction of this association, negatively or positively, through deficit surplus positively and negatively, It also reflects the high correlation when the deficit or surplus and size, and an increase in clarity, reflect the proportion of the deficit to GDP ratio as this represents the deficit of the size of economic output produced locally in the country, In other words, this figure represents the size of the "erosion" happens GDP as a result of the shortfall in these balances. Thus as a result of the economic dislocation which affects structure, the economy shown us this blend of contrasting not ultimately lead only to the economic problems reflected the reality of the economic process in the country and withdraw their effects on each finger life, which proves reflect more per capita average Ltmasha directly with affected Toe life living experienced by that individual. Hence, the existence of the deficit balances requires that the state is trying to pay and, therefore, there is a growing demand for foreign exchange to repay this deficit, and this demand is more the size of the deficit. The increased volume of the financial obligations of the designated State, particularly in the highlights of these commitments in an increase in external indebtedness. The high demand for foreign exchange to the high price of foreign currency. It is finally within this perspective are subject to the mechanism of supply and demand and market requirements whether international or local, This will lead to the devaluation of the local currency of that State, and this will be reflected on the situation of living, More precisely on the rate of inflation occurring in the economy, as reflected in the observer zeroes attached to the growing currency, One example is evident in the Iraqi economy, as well as in the economics of other countries such as Turkey, Italy, Iran, Israel and elsewhere. There is a very important issue. is that the currency will not be issued and does not specify the value of the above-mentioned only by the law issued by the State through the mechanisms of monetary policy in the State, It is a political will to interact with the elements in the resolution of political, economic and Components, Thus the issue is not the viewpoint of a particular person or opinion Itbadlh people who were involved in this matter or not. The recall tests, Turkey, which has suffered from severe inflation after the acceptance of the World Bank and IMF with regard to economic reform programmes. This led to progress in economic performance, without forgetting that it is paying the price for this performance was the middle class in society, This did not solve the economic progress without a high inflation rate seems obvious Llmettaf ordinary non-specialist in the economy, For example, when asked about the price of bread from the bread being told you that 1 million Turkish lira, we have been improving the value of the currency through the deletion of zeroes. bringing the price of bread thousand Turkish liras, but this is not the case according to the re-structure of the currency, The re-evaluate the golden cash markets, but in a house designed to absorb the fear, despair and frustration of the very high rate of inflation. The clause was lifted without a real change in the value of the currency, which is the real basis for real per capita income, which means the quantity of goods and services which individuals can obtain, Therefore, the lifting of zero that does not exceed the "two critical" and hence it does not represent a real change in the value of the currency, as being formally change affects the mentality of the interaction of more than one impact on the volume of transactions in the economy. We were asked by one of the Arab press correspondents one sister on the impact of this decision if they happened in Iraq? Vajpthm that would exceed the "monetary illusion" will be actually a change in the value of the currency, or a reassessment, because such action would require a re-structure of the Iraqi economy. Securities and rearranging the economic imperative of Iraqi links with the Paris Club and its commitment to the conditions of the World Bank and International Monetary Fund, which did not happen, and what will happen (if it had been deleted too) to try to absorb the anxiety and frustration among the Iraqi currency dealer. but it can never replace the value of the Iraqi currency to the dream of value pricing as long as there were still external debt outstanding and for only after economic achievement more efficient in dealing with the issue of external debt. The reluctance of some dealers in the currency markets in neighbouring States by the Iraqi government to take such action, Despite the fact that the days of fear naturally dead in the absence of freedom Ltdoal available cash and foreign exchange, As a result of a central market and philosophy of the regime of authoritarian dictatorship then, but now, It is the freedom of foreign exchange dealings and are available in Iraq to economic openness, The free circulation of the currency both within Iraq and abroad, however, is subject to supply and demand factors. as well as the impact of political instability greatly influential in directing the range of supply and demand management within and outside Iraq. Anybody that can be felt in a more precise and specifically in the money markets of neighbouring Iraq. In conclusion, We have a long way to go towards economic reform and restructuring in order to move towards improving the rate of the Iraqi dinar and to raise its value, As some prefer the title (when recovered 121,180 dinars), is not something impossible that tomorrow, and tomorrow soon.
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Iraqi dinar are between zero and the game economy
iraqigovernment.org/

CIGARMAN! All right...must admit that a lot of your above post seemed like mumbo-jumbo to me, but what I DID catch is 5,000,000 dinars to be "adjusted" to 5,000 dinars...Love the twas title but !

Hi,
Just wondering where you got the scripture reference in the Quran from? I have searched on the internet for any scripture about the "eagle", "son of Arabia" and "peace". There are some scriptures that reference the word "peace". But none that are even close to the scripture you are indicating.

The scripture in the Quran that is Surah 9, Verse 11 in any of the Surah Names does not read even close to what you are saying. Am I missing something?

Can you point me toward your source of that info? It is a wonderful "word", but possibly an incorrect reference in the Quran.

Thanks,
mycbc

Me too Cigarman? Can't understand. Does this mean you have changed your idea about August??? Are you busting all our baloons?

hey cigarman, Man that was quite a speal there----What the hell does it all mean to a commoner? LOL do we revalue tomorrow or not?

break out your crystal ball.

Cigarman.. most of it is confusing to me also.. while I agree with Tif that the "5,000,000 dinars to be "adjusted" to 5,000 dinars." sounds interesting.. that is confusing to me too... but the last sentence makes me nervous... could you or someone break it all down... thanks..

Originally Posted by ezcash

Cigarman.. most of it is confusing to me also.. while I agree with Tif that the "5,000,000 dinars to be "adjusted" to 5,000 dinars." sounds interesting.. that is confusing to me too... but the last sentence makes me nervous... could you or someone break it all down... thanks..

I will like to got the link of this article and its not very positive this article!!!
To be serious i don't realy understand why you put this post here LOL
Thanks cigarman don't worry i'm not upset about you :)
just try to understand!!!

No, the article was disclaiming the lop theory for iraq. It also said that it didn't work for Turkey like they had thought it would. It also said that we had a way to go before the value of dinar would raise but he also said it could happen tomorrow(go figure). He also said that a lop would be disallowed by the IMF,World Bank because of their agreements. He also said that they need to finish getting the other countries to right off the debt owed. Pretty much I was messing with you but the article did have some good parts. The one thing I want you all to understand is in another article it stated that Iraq was willing to do an exchange of currency for the debt, now why would they say that if they didn't have plans to reval their currency at a rate to benefit them? I'll give you 2 minutes to answer.LOL

Originally Posted by cigarman

No, the article was disclaiming the lop theory for iraq. It also said that it didn't work for Turkey like they had thought it would. It also said that we had a way to go before the value of dinar would raise but he also said it could happen tomorrow(go figure). He also said that a lop would be disallowed by the IMF,World Bank because of their agreements. He also said that they need to finish getting the other countries to right off the debt owed. Pretty much I was messing with you but the article did have some good parts. The one thing I want you all to understand is in another article it stated that Iraq was willing to do an exchange of currency for the debt, now why would they say that if they didn't have plans to reval their currency at a rate to benefit them? I'll give you 2 minutes to answer.LOL

Ok thanks i did not read this news on this way.Do you got the link!!!