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  1. #1
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    Oct 2006
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    Default Does the treatment for the return of the Iraqi dinar to the true value?

    The talk about the reasons and events that led to the deterioration of the Iraqi dinar exchange rate against foreign currencies will be dragging us to engage in political issues is not before us, so what to speak out for those reasons and events which are known to everyone.

    Value of the Iraqi dinar to the U.S. dollar until the end of 1983 equal to (3 / 33) three dollars and thirty-three cents, in other words, that all (30) Dinara equal to (100) one hundred U.S. dollars, as a result of the circumstances of the tragic and severe, and the successive crises that have occurred as a result of policy Kazip and reckless and ill-used by the former regime for the management of Iraq in all areas of life including the economic policy of the waste of state funds and perhaps most dangerous and most weight of degradation which led to a decrease in the value of the Iraqi dinar is terrible is not unprecedented in post-political events similar to what happened in Iraq , so its value is now somewhat ashamed to mention it. After the introduction of short-ask the question:

    Is there a cure for the return of the Iraqi dinar to the real value of the former? Compared to any of those events that I mentioned earlier? In other words, Can I make it equal to (3 / 33) U.S. Dollar?

    To answer this question I say: There is no problem and no solution, can in the hand of it, and freedom of decision and consult with the assistance of consultants and experts involved in the economy, as these have the capacity and ability to develop a work program to effectively and successfully provide the requirement of freedom of action in accordance with the principle of democracy to cover pressures and political concepts.

    Despite the lack of knowledge in economics, but it is known and we believe that the strength and stability of the currency in circulation in any country was dependent on a set of concepts, including concepts to support the currency in circulation a strong international currency shall be fixed in the Central Bank of Iraq with a quantity of gold and alloys of these Modoat foreign currency and the amount of gold equivalent to the total amount of Iraqi currency in circulation on the market, and there are political factors, signed and with the reputation of the world and his positive terms of trade and of meeting the commitments and treaties, the Convention and others. All of this was related to the value and importance of the Iraqi currency.

    In order to maintain the balance of the state from foreign currency to increase the quantity of the duty of the officials in the commercial sector and economic review of the strategic process in the wrong, which drains a large part of the reserve money in the state and deposited in the Central Bank of Iraq through the bank's dollar selling by auction for those wishing to buy by the Iraqi traders to import goods from the electric equipment and devices, as well as importers of fruits and vegetables are more expensive (such as bananas, oranges, pears and progress), and others, bearing in mind that these fruits can not rule as a citizen to buy luxury items and expensive. as well as a review in order to reduce public spending to the state and its departments With regard to the import of wood and metal furniture is expensive, where you can obtain these materials from the local market, which encourages and supports the Iraqi industrial sector with the provision of employment opportunities for the unemployed.

    And also can reduce the amount of the import position of the import of water bottles and soft drink plants, where there is an Iraqi could cover the needs of Iraq from these materials, because of the unfortunate and shameful that Mesopotamia Alazliyn imported water from the river or not the small tributary.

    Other things for us to review is the printing of textbooks and the purchase of books from outside Iraq, while the presses are the first degree and possession of the latest machinery and modern technology is as much of the printing press in other countries with the presence of skilled workers in this area.

    That the value of Iraqi dinars to his former requires hard work and goodwill and a sense of national responsibility through self-denial and pay heed to the interests of Iraq and its people good people. God bless.

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