Experts: float the currency needs to be a productive economy and not Rent

pecialists show in economic and financial affairs strong rejection of the proposals ,which proposes to float the Iraqi dinar to reduce its value for the US dollar, and stress the importance of changing the balance ofpayments deficit and adjust if it, in favor of the opinion of the financial advisor to Prime Minister Dr. The appearance of Mohammed Saleh, Mahdhir cut the Iraqi dinar value of what could result in this economic and financial security crises.
Does not believe d. Saleh in an interview (term) that would reduce the value of the dinar to fill the budget deficit, but in return will contribute to the creation of expectations of inflation and unrest price , raising the cost to the budget itself, especially variable costs Kalmquaolat, procurement and contracts in foreign currency and the value of imports of the state.
He adds Saleh: Yes , the reduction in the exchange rate of the dinar could leave traces in the promotion of exports, but because of the weak diversification of the economy makes the reduction to leave scars similar to those experienced by the limited classes of income in the economic blockade time in the nineties of the last century, especially if the reduction of high rates .
And it corresponds to the benefit of opinion with the view of the head of the IMF mission in Iraq , Christian coconut in an interview earlier (range), where he stressed that the Fund believes it is appropriate to maintain the linking of the Iraqi dinar in US dollars, since the devaluation of the currency does not bring a great benefit to the economy as some believe , but It may cause a sharp increase in inflation.
For his part , says economist Ahmed Hussein said in an interview (range): I support the view of the financial adviser to the prime minister, that he no room to talk in light of the current situation on the reduction of the local currency, especially as security, economic and political situation , which is going through the country confirms that it is not the Iraqi economy and the interests of the Central Bank of the interest of the devaluation of the dinar against the dollar.
e adds Hussein: to float the currency now in Iraq can not talk about that simple, as needed to advance measures ... it could be done if the transformation of the Iraqi economy from a yield to productive, in thesense to expand the productive base begins Iraq to change the balance of payments from the case of thedeficit to the case of surplus, and this must be backed by big al - Qaeda production, only here we can talk about reducing the value of local currency against the dollar, because we are in time we will have aproduction base based on the economy, therefore , be the Iraqi currency is a protected national product.
Saleh, criticized calls for lowering the value of the Iraqi dinar against the US dollar, stressing the seriousness of the Iraqi economy. As he pointed out to the presence of actors and personalities working to promote theidea of the deterioration of the exchange rate of the Iraqi dinar and bring about a deterioration in thestandard of living and hit stability in order to impose emergency cash tax affecting all segments of thepeople, which is inflation, and the creation of a deliberate deterioration of the standard of living in order that the state clog some deficits without to think about the management of revenues from outside oil revenues.
The promotion of topics argumentative economic incomplete eligibility at the time of the war that the country is waging against terrorism and take it is a desperate attempt of a group of haters who want to weaken the state and the rumor of despair, there is ignorance programmed the Iraqi street process to spread the spirit of despair, we should be wary of agendas promoted by forces driven by suspicious negative in the positive financial conditions is a victory and get out of the neck of the bottle, as well as the military victory and liberate the land and man from the clutches of terrorism.
It indicates the general federal budget law in one of its paragraphs to the central bank 's commitment to identifying sales of hard currency ( the dollar) in the daily auction ceiling does not exceed 75 million dinars a day with the exercise of justice in the sales process, and calls for the participant in the auction bank to provide goods enter documents and data tax settling accounts and savings Alkmarki within 30 days from the date of purchase amount and otherwise applied to the bank penalties stipulated in the Central Bank Act or regulations issued from it, and the use of other banking instruments so as to maintain the strength of the dinar against the dollar.