Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 6 of 6
  1. #1
    Moderator Moderator
    Join Date
    Oct 2006
    Posts
    16,540
    Feedback Score
    0
    Thanks
    2,036
    Thanked 16,455 Times in 10,096 Posts

    Default Central no longer delete zeros currency policy of "progressive" an adviser to Maliki sees "in vain"

    Central no longer delete zeros currency policy of "progressive" and an adviser to Maliki sees "in vain"

    Defended the Iraqi Central Bank on monetary policy aimed to pull inflation by deleting zeros from the currency in front of his critics as a policy of "progressive" long-term, most critics regarded as a unit, which the Economic Adviser to the Prime Minister "in vain" would cost the budget a lot to no avail real.

    This is because the appearance of the central bank adviser Muhammed Salih Al-economic policy of the central bank for withdrawing cash from the local market to "inflation suffered by the money supply, which rose from 25 billion dinars in 1980 to 23 trillion dinars, now it is important to reduce," noting that the process of lifting the zeroes are "long-term policy adopted by the Iraqi government and the central bank, which will direct the project as soon as the development of the Iraqi economy and this may be this year or next and will probably require a longer time, depending mainly on the stability for the operation."

    Saleh added that "there is no need to rush the process at the moment but at the same time is required because the subject of reform will not change the value of the currency, but anything to make them smaller," stressing that Iraq "During the next few years and applied to the new development plan will raise its oil production and increase resources significantly and we therefore need a strong currency and low at the same time and easy to handle."

    On Alontkadt being sent to the Central Bank because of his announcement to change the currency, Saleh said he viewed the economic future of Iraq "in an optimistic either the failures of the present and the situation is stable, it is something that will not last forever, but the situation is constantly improving," adding that the central ideas of "progressive ideas facing the reactionary want to go back Iraq to thirty years ago."

    Criticize the economic adviser to Prime Minister Abdel Hussein, the Iraqi Central Anbuge vision of the nature of inflation in Iraq, and regards as "a misconception of the nature of inflation in Iraq, which he considers the central result of the increased money supply, which is directly linked to the purchasing power of the currency and the ability of per capita income for goods and services", wondering If the "delete the zeros will increase the purchasing power of the citizen? Is that the zeroes are the trap, which was the increase?"

    He said this action "could have come from a luxury, not economic for a country full of economic problems, her first and do not have another, go to solutions, paper and fake" and that the deletion event scheduled, it "will leave little impact onset where there will be a cash they would not get the level of improvement of living and thus begin to calculate the new rates of inflation."

    To solve the problem of inflation Ferry Anbuge should come from "The fact that inflation Iraqi boat comes because of the high costs and the existence of the needs of unsaturated and structural imbalance" is passed through the "operation and investment and rebuilding of structures destroyed and production management is reflected positively on the standard of living of the individual, either to be deleted is the futility of the zeroes will cost the budget a lot and has no justification for the time being."

    And stresses businessman Jassim Al-Aradi the importance of "non-launch the process of deleting zeros from the currency only after clarifying the concept and its way through the media extensively to educate citizens about the rules and deletions to prevent exploitation by some operations on the black market because of lack of awareness," adding that the operation "will not change the force per capita purchasing power will not affect the general situation in Iraq."

    Aradi and hit the ideals of "the Turkish experience in the deletion of zeros, which came after the country experienced economic crises, followed by a boom became looking for the strengthening of its currency, especially after the desire to enter the European Union," adding that the operation in Iraq "needs a more stable economic situation than it is now."

    As for how it sees the entire process of deletion Aradi noted that it "is being gradually by injecting a certain amount of criticism is the category of dinars, equivalent to one thousand dinars to declare clearly that it will not be higher-value, or less than one thousand dinars to Atstgl to the black market because of the ignorance of citizens so "in addition to that the deletions" are within a few years to withdraw the same amount that was issued but a new currency to be changed completely, "a process" slow and gradual, not like changing the currency because we're not going to issue a new but merely Delete the zeros only."

    http://translate.google.com/translat...%26tbs%3Dqdr:d

  2. The Following 6 Users Say Thank You to Seaview For This Useful Post:


  3. Sponsored Links
  4. #2
    Senior Investor
    Join Date
    Oct 2005
    Location
    Church Point,Louisiana
    Posts
    816
    Feedback Score
    0
    Thanks
    3,216
    Thanked 767 Times in 241 Posts

    Default

    man i swear.....I read that article above 3 times and still do not understand completely what was said....will they or will they not delete the 3 zeroes from the dinars???I wish there was a better way of deciphering what they say....just hard to understand when its stated like above....anyone can HELP????..GO DINARS...Pat

  5. The Following 4 Users Say Thank You to bigopie For This Useful Post:


  6. #3
    Senior Member 67 warrior's Avatar
    Join Date
    Apr 2007
    Location
    Virginia
    Posts
    219
    Feedback Score
    0
    Thanks
    309
    Thanked 539 Times in 170 Posts

    Default

    Pat, I have to agree with you my friend, arablish is just not easy. At any rate, when have they done anything they have talked about in all these years....Just so much gibberish and tomorrow they will refute it. Stay well and positive. 67

  7. The Following 4 Users Say Thank You to 67 warrior For This Useful Post:


  8. #4
    Senior Investor
    Join Date
    Oct 2005
    Location
    Church Point,Louisiana
    Posts
    816
    Feedback Score
    0
    Thanks
    3,216
    Thanked 767 Times in 241 Posts

    Default

    same to you Warrior....we hung in here for this long,might as well finish this ride and see where it takes us...no doubt,we are closer then we have ever been....just how close is anybodies guess.....with the elections coming up next weekend it will be getting very interesting i think...stay well my friend...and keep the faith...we will get there....GO DINARS...Pat

  9. The Following 2 Users Say Thank You to bigopie For This Useful Post:


  10. #5
    Junior Member
    Join Date
    Jan 2010
    Posts
    20
    Feedback Score
    0
    Thanks
    230
    Thanked 92 Times in 19 Posts

    Default

    yes my friends, this article is meaningless imho. thank you for posting it seaview, just the same, but we must take all these with a grain of salt.

    we are very close kidz, very. I believe Maliki is supposed to do a Announcement tomorrow ( Sunday ) at 7 pm Iraq time ( 8 hours difference from est ). On what , we dont know, but we do know that there 2010 budget kicks in Monday, 3/1/2010, that there civ servants begin new pay scales same day, etc.

    there is every logical reason to believe Monday could very well be the day; however, it is Iraq and Global banking Elite managing this, so, logic isnt always the case :P

  11. The Following 3 Users Say Thank You to XBarbarian For This Useful Post:


  12. #6
    Junior Member
    Join Date
    Jan 2009
    Posts
    4
    Feedback Score
    0
    Thanks
    0
    Thanked 17 Times in 4 Posts

    Default

    I'm glad I'm not the only one who could not make heads or tales of that. I feel less stupid now then I did while I was reading it. Very confusing.

  13. The Following 5 Users Say Thank You to GRNDWIR For This Useful Post:


  14. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |