FLASH BACK ARTICLE OF HOPE.. OUR PERSEVERANCE WILL PAY OFF ~~
Financial (the news): We aspire to make the Iraqi dinar portion of Alahta
27-08-2011 01:01 PMBAGHDAD (Alobaah) / report / Faleh Hussein / .. aspiring financial affairs specialists that are approved as part of the Iraqi dinar international reserves, through the establishment of a strong economy boosts the value of the local currency.
Justifying the specialists in their talk (of the Agency news) adoption of the Iraqi trader when importing the goods dealing in foreign currencies and the dollar, the euro, and that the weakness of the Iraqi economy, which led to the unwillingness of countries to deal its currency.
It attributed the economic expert peace Sumaisem about the reasons for not trading the Iraqi currency in foreign dealings, to the weakness of the Iraqi economy and overburdened debt, noting that the Kuwaiti dinar and Jordan have become because their economies are strong, in addition to the lack of debt or internal problems.
The khat Sumaisem in a statement to the Agency (news) on Saturday: that the Iraqi trader himself refuses to deal in Iraqi dinars when imported merchandise because it would not be desirable abroad.
For his part, central bank adviser said the appearance of Mohammed Saleh told the reporter (News Agency for News) on Saturday: that the Iraqi dinar is not an international reserve currency until it is handled abroad, stressing We as a policy cash aspire to be the Iraqi dinar portion of international reserves and this needs a long time.
Saleh added: that the Iraqi dinar is the local currency convertible to other currencies, that are unlikely to deal in Iraqi dinars externally at present evidence is that the instruction does not allow the central bank to remove the Iraqi dinar only up to (200) thousand dinars for the traveler.
He said the central bank adviser that all countries of the world trade in currencies neighboring countries but narrowly, and not on any large scale to deal with a small cross-border transactions and not pay a great way to finance foreign trade.
And likely a member of the Economic Committee and parliamentary deputy / National Alliance / Amer Al-Fayez said in a statement to the Agency (news) on the near horizon that there will be economic policy and clear visions to make the Iraqi dinar refineries stable countries, stressing that there is no law forcing the Iraqi trader dealing in Iraqi currency abroad because the issue is not related but related to the merchant and the global market.
And between al-Fayez that which makes dealing in Iraqi dinars abroad is out of Iraq from Chapter VII and complete the form and maintain deposits and balances are now in the central bank.
The member of the parliamentary Economic Committee: that the idea is now on the list of deleted three zeros from the Iraqi currency, and this project will hopefully contribute to give power to the Iraqi currency to foreign dealings.
Has put the Iraqi dinar in the thirties of the last century and equated during the seventies three dollars, (YES!!! 1 DINAR = TO $3 USD... SO HANG IN THERE!!!) but later deteriorated in 1990 as a result of the invasion of Kuwait and the imposition of United Nations economic blockade is strict, loses its value quickly, and up to 3,000 dinars per dollar mid-nineties.
The former regime printing of currency outside Iraq have been issued new bank notes worth up and after that it was the biggest number 25 dinars, was printed banknotes category of 250 dinars, which were not, in fact, equal to more than 25 fils JD from the seventies. After 2003 issued new Iraqi dinar denominations larger to facilitate transactions daily, making the 25 thousand dinars largest Iraqi currency now (the dollar is equal to 1120 dinars), but this price is still far from the ambition of the Iraqi citizen, is the deletion of zeros fastest way to raise the value of the local currency exchange against the dollar, according to observers. / End / 8. t. m /
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