What do you know about floating the Iraqi dinar and you'll work the country's economy
What do you know about floating the Iraqi dinar and you'll work the country's economy?
Tuesday, February 21, 2017 | 02:05 pm
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Baghdad/. Economic expert pretty name Antoine, Tuesday, the Iraqi dinar to float the Egyptian pound float modeled directly affect the poor class of the Iraqi people, with the flotation will raise the value of the dollar by 30% means that commodity prices will rise of similar value, noting that the Iraqi market depends on imports by 85%.
Antoine said "Iraq News" eye "like Iraqi dinar to float the Egyptian pound floated directly affect the poor class of the Iraqi people", stating that "the Iraqi economy mode is different from the Egyptian economy where the Iraq oil sale he imports as well as the high incidence of poverty and unemployment.
The Economist said that "the dollar will float 30% means that commodity prices will rise in value with the possibility to elevates him more traders", noting that "Iraq would benefit was float if we had a national production by importing a small percentage but the Iraqi market depends on imports by 85% and is dependent on the dollar."
Antoine said that "inflation will also float currency which endures the Iraqi economy was opposed by the International Monetary Fund also float process."
It means "floating" exchange rate against the dollar or any foreign currency without any interference from the Government or the Central Bank in setting its price, its value relate to supply and demand.
"Float" is divided into two types, namely "pure" float, which is determined by the exchange rate through the mechanism of supply and demand, the Government should refrain from any interference in determining its value While The second type is known as "managed float," which is determined by the exchange rate according to supply and demand, but the State intervenes through Central Bank. over 2