Post From BondLadys Corner
BondLady & Tlm724 News & Comments 7-22-16 Part 1 of 2
Exchange rate and disinformation
BondLady: the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as theve done the last few times theve been ready to move the dinar rates or do something with the currency....BL
7/20/2016 0:00 Mohammed Sharif Abu Mayssam
repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios,
and that the reserves which currently stands at rates around $ 54 billion with nearly 80 tons of gold should be reflected in the local currency value against foreign currencies, which in turn will contribute to the national currency trading in foreign markets !!,
with cut and the relevant authorities to silence does not comment on those claims whenever repeated, as if rise above squabbles with such rumors and allegations, leaving the arena media for such and media , known by raising the fallacies over the years after the change, to promote such claims which are usually drowned out by the general public, as easy exits for the crisis the country 's economic,
as soon It has been circulating on social networking sites on the grounds that the central bank had announced since years for the project to delete the zeros !!
Ignoring the main objective of the project to delete the zeros and which aims to restore the money supply structure in line with the market data movement and the country 's need to invest in an unstable security conditions reflect negatively on the cash handling operations during transactions especially with regard to large sums in buying and selling and trading currency between banks and other institutions operations ,
so that some social networking pages that calls itself the economic nomenclature, allowed itself to frequently publish such narratives , intentionally or unintentionally, the same that were promoted to project «dollarization» wages more heavily exposed exchange rate fluctuations in price due to the political and economic variables local and international levels.
the silence on what is called the propaganda bubbles may be feasible in some cases, as it was soon collide with reality and disappear, but it may be impossible to double the media point if shred Almdillon hiring vanities and intentionality and marketing body subject touches the interests of the people,
as soon it takes promotional space on social networking, which requires a serious follow - up media from the relevant authorities to what is said and published, and addressing the media , especially since the surge in these days takes Mdyate rising to undermine all that is beneficial to the country and the people.
In addition to talking about the subject , such as the position of the cash reserve is in fact a modern potentially more fallacies by what surrounds him from a misunderstanding of monetary policy,
To say that the cash reserve ratio should be reflected on the local currency 's value against foreign currencies seems to be true at first glance with it is a modern late frequently for damage to this reserve on the impact of the continuing work of the Central auction day to finance foreign trade in conjunction with the decline in the proportion of foreign currency revenues due to lower oil prices,
since this reserve juxtaposition of about $ 80 billion before the oil collapse was not in the day the central database that will the lifting of the dinar exchange rate against the dollar to considerations relating to the price values of criticism about the economic reality Rei ,
where the real sectors suffer from almost complete paralysis and Taatekz market movement on the outer import and activates the parallel market as a result of lack of legal and procedural system to the economy of a real market is complete, how can central to submit the amendment to the value of the dinar equivalent to one dollar in these days? Are there there is no doubt Baksidih this invitation?
On the other hand, the national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country, but this will reflect negatively on the national economy unless Tekken there have the largest share in the gross domestic product , real sectors, as well as to raise the exchange rate would have a serious impact on both the consumer and the wages of labor and raw materials in the local market prices,
which means the high cost of generating unit over imported counterparts, and therefore damage the local product and disable it at a time when the government is seeking to activate all sectors in order to diversify revenue,
and therefore, our national currency will be a commodity in the speculative financial market as a haven winner no more at this stage or that, and this would damage the monetary bloc puttable, amounting to 40 trillion dinars only .. the national currency trading rates outside the country regarding the class basis in and a solid economy (diversified economy revenue of rising contribution of all sectors,
particularly the real sector in the gross domestic product, along with the importance of higher cash income rates in the external balance and stability of payments in the monetary system as well as financial openness , which contribute significantly to the circulation rates, which requires the presence of a system banker healthy simulates the existing developments in the global banking industry,
not necessarily the value of the currency is high, and our guide the Japanese yen, because of Japan 's cash reserve 1.265 trillion as of the yen around 94 yen to the dollar as the Japanese government is trying with all its capabilities should not make yen rises against the dollar because every cent rise in which the yen is causing big losses for the Japanese economy,
meaning that the reserve does not necessarily mean that is reflected in the rise in the exchange rate of the local currency, as this would be determined by economic data.
Bondlady why the three stars? *** ? I wanna hear from YOU what u think this article means to us as dinar investors, after ive read your comments ill share my opinons of it, as far as im concerned this is a good article an could very well mean even better for us than what its saying.....PAY ATTENTION TO WHAT ITS NOT SAYING as well Wink ...BL
tlm724 I'd love to hear some opinions on this one too BL . I have some thoughts as well....
d6j8 Good morning .. Well there is a lot of talk about raising value do to the cash reserves and gold . I think its good for them to have a public conversation about that .
"Which in turn contributes to local currency trading in foreign markets .”
We Definately want that ! I would guess the dinar trading in foreign markets would have a higher true rate . But they also state that a higher exchange rate may hurt their economy .
It does not say a proper exchange rate might lead to a sustainable economy. They also speak of how the CBI can submit that the value of the dinar is equal to the dollar these days ?
Further open and serious discussion of a rate change . The Dinar is in conversation of entering other markets with a different rate . i think that's good .
Reflection These guys are flipping idiots. Fix their money and the citizens will fix the economy. It's a win win for all of them....but they continue to sit on their thumbs.
No, I didn't read the entire article. LOL! I'm working right now and can't read much while running my mill. lol
Reflection With the lack of punctuation and seamless run-on sentences, it's hard for me to follow the jibber jabber.
What I got is one thing they are worried about is allot of hype on social networks about the rise in value and how its promoting speculation and folks to hoard dinars... I've searched around Facebook pages before and some of the stuff I could translate and understand, there does seem to be a lot of that...
They are worried that raising the value close to a buck would hurt them because what the Japanese Yen is doing. Did I read that right?
Tobyboy Well Bondlady & Timmy I think these guys are crying poor and trying to squeeze out every dollar they can from the different countries. Plus they are holding back on raising the dinar to keep the citizens under their thumb as long as they can.
They have already proved they have no concern for the average citizen or they would be passing laws to benefit the people instead of constantly delaying them. There are too many of these politicians that are corrupt, they do not want change, I am sure they are putting their money aside for when it does rise.
The CBI has already proved they could increase the value as they did a few months ago of overnight increase. Plus you know there are members of the CBI just as corrupt as the politicians
With all the mineral resources they have not developed as Bondlady pointed out, they would be the richest country in the world. Change is coming when it does will take off like a rocket, just let it go is all they need to do and the economy of Iraq will correct itself. Cool