Iraqi dinar will see the high value of 2008

Experts Iraqi economy was likely to continue to rise in the value of the Iraqi dinar against the dollar during the year 2008, in the event of continued policy of the Central Bank of Iraq in the activation of open auctions and withdraw liquidity। These experts agreed that the gap between the financial and political cash is the motivation behind Ascending careful of the value of the Iraqi currency, and warned of the danger of inflation on the real value of the Iraqi dinar, and the need to find radical solutions to reduce the impact. The financial and economic expert Dr Majid picture, that "the adoption of Iraq to cover the need for goods and services through imports, led to the resort monetary policy to support the Iraqi dinar exchange rate even reached 1216 dinars to the dollar." He told the Independent News (Voices of Iraq) that "it is expected to continue to support Pacific Iraqi dinar value as long as inflation factors were continuing." He added that "the basis of the weakness of harmony between monetary and fiscal policy in general, is the absence of clear economic policy, it is trying to hand monetary policy pressure on the money supply in circulation and supporting monetary unit, while fiscal policy to encourage ongoing expenditure policy." It was that "the presence of the clear economic policy will lead to harmony between policies and all other factors relevant economic development." Image stressed the need for "economic policy is the promotion of productive expenditure at the expense of consumer spending being." However, he said, "regrettably the budget in 2008 to removed emphasizes the ongoing non-productive expenditure, which represents 72.7% of total spending, while investment spending 27.3%, this is in addition to the fact that most investment spending for projects and service projects Aantegeh not." Economic Iraqi scientist Abdul Jabbar Alafi, finds that "the high value of the Iraqi currency would continue year 2008, and that this increase stems from the policy of the Central Bank, which he described as flexible policy since in 2004" saying that the explanation that " Iraq is a dollar put incorrect, and that the bank amendment because the Iraqi currency is a national symbol, and it must be achieved real value, a policy of the Central Bank managed to correct the exchange value of the dinar to the dollar, which was dominant to the price of the dinar since 91 almost, and I think it succeeded calendar policy prevailing price of the dollar over the long years, The dollar's worth a thousand Dinreetraci soon, God willing. " Iraqi businessman, J. Aradi, speaking l (Voices of Iraq) on the pros and cons of the policy of financial support to the Central Bank of ERA selling the dollar and the currency was withdrawn from the market by granting private banks profits estimated proportion (20-25) percent said "the Central Bank of Iraq currently supporting Iraqi currency largely through the sale and purchase of the dollar auction of hand, and the withdrawal of currency from the market by granting profits 20% of the fixed deposits which contributed to withdraw a large part of the cash from the Iraqi market. " But he pointed to the seriousness of this situation that the "banks prefer to transfer all assets of cash to the Central Bank instead diverted to the labor market and Iraqi production because profits content between 10% and 12%, which led to the suspension of the role of these banks in the domestic investment." Aradi noted that "disruption of the investment that led to the weakness of Iraqi products and the adoption of Iraq to foreign products led to the strengthening of the currency in digital and not real," and said "the prices of goods and services despite the depreciation of the dollar against the Iraqi dinar, which calls for measures economic and financial consolidation and strengthening of local and foreign investment to raise the value of the Iraqi dinar, which measured the quantity of real goods and services obtained by the citizen and not a numerical value of the currency and curb inflation. " Commenting Iraqi economic thinker Dr. Ismail Obeid that the warning of increasing interest rates, which leads to lack of investment, considering that this misguided policy action at all, pointing out that raising the price leads to the result of falling into the so-called Bfaj liquidity, which is the way of risk economically. He added: "We need a constitutional amendment, so it can build an economy subject to development without a clear and transparent laws determine the course of economic changes, and can only deal with inflation dismissed commodities markets, or increase the supply of goods produced, but that we address inflation through trap this means stopping liquidity increased production capacities and foreign investment, which is also affected. " He said that "the lesson is not strongly Iraqi dinar officially, but strength against other currencies" noting that it is not "only to find the so-called Silhouette prices that presupposes the existence of an information base on imported goods as a kind of border prices and compares them once domestic prices." Economic researcher Hossam Acommok sent from the anticipated decrease the value of the dollar against the Iraqi currency, but it explained to (vote for Iraq) that this reduction "will be the well-being of the Iraqi citizen, contrary to what was expected, due to increased inflation rate derived from the great imbalance in the economic structure of Iraq The lack of coordination between sectors of the government and the Central Bank in its policies, which has made great sacrifices in order to raise the value of the Iraqi dinar, but it failed to achieve tangible results because of indiscriminate actions contradict one another. " He added Acommok "at the time the withdrawal of the Central Bank liquidity despite our reservations on the measure, rose Oil Ministry prices of oil derivatives by reached (2150) double what it was before 2003 and put forward this two hundred billion dollars rising inflation." He concluded his speech by saying "what the monetary policy in Iraq is good, but it is inconsistent with the reality of the situation is correct structure of the Iraqi economy to serve the Iraqi people who have not benefited from reduced practically the dollar." The Minister of Finance, the Iraqi statement said Zubaidi Jabr told media recently that the Iraqi dinar today much better than some global currency, because behind large amounts of gold and hard currency, noting that the proposal to delete the three zeroes of the Iraqi currency after assuming office in the Ministry of the Week and presentation this proposal to officials in the monetary policy of the Central Bank. He said that the Central Bank at the time was reluctant to accept this idea, but it became a strong dinar, the idea will be discussed by the Central Bank, and that there is a positive atmosphere to the idea. For his part, the bank denied the existence of such intentions currently, and will remain current currency is adopted in local dealings, but in the faith of all coins withdrawn from circulation and replaced but the same categories of paper and include categories of (25,50,100) dinars.

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