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OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?" DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?"

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OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?" Empty OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?"

Post by Cindy813 on Tue Aug 04, 2015 7:17 pm

OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?"

WHEN THEY SAY "DEVALUATION" THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR..IN EFFECT "LOWERING" THE NUMBER, IE, MAKING IT "DEVALUED


BUT IN EFFECT, INCREASING THE VALUE AS THE NUMBER AMOUNT/FILS OF THE DINAR ARE REDUCED

OOTW: HERE ARE SOME EXCERPTS FROM THE ARTICLE

In any case, the proposed reduction rate of the dinar against the dollar mired with many of the observations and cons can highlight the most important as follows: a. The reduction in the exchange rate of local currency, which is taken by States usually associated with the availability of the following (Policy Terms, conditions is available in the case of Iraq):

A-requires a flexibility in demand for imports, which means that the increase in the exchange rate for foreign currency will lead to reduced demand for imports (due to the high price tag), and this flexibility is available to the absence of national production base, leading to a negative result , where higher amounts spent in national currency on imported goods and thus increase the demand for foreign currency, leading to further deterioration in the balance of payments.

 (b) that there is a significant volume of national exports, so that the resulting decline in national commodity prices (including the equivalent in foreign currency) intended for export due to the reduction of the national currency exchange rate, an increase in exports, and this is verified in Iraq, where almost the country does not make something, not because of price competition, but because of the lack of diverse production base in key sectors such as agriculture, industry, energy ... etc., where form Industry and Agriculture proportions in low GDP components (agriculture 4.5%, industry 1.83%).


WE KEEP SEEING THIS , OVER AND OVER AND OVER..FOR YEARS NOW

"and this is not available or possible in the circumstances of the country political, social and security. "


"REDUCING THE LEAD OF THE NATIONAL CURRENCY"

.

THIS LINE IN COMPARISON WITH THE TITLE OF THE ARTICLE, LEADS ME TO BELIEVE THEY ARE SIMULTANEOUSLY STATING THAT THE DINAR HAS LOST ITS RIGHTFUL LEAD POSITION IN THE IRAQI ECONOMY - AS WELL AS A POSSIBLE IMPLICATION THAT THE LEAD ZEROES MAY NEED TO BE REMOVED, THUS ADDING VALUE
.

2. Unlike the report by some of the gentlemen of the proposed terms of the amount can be calculated provided the balance of the exchange rate difference, which was appreciated by 15 trillion dinars, the correct account in the light of the actual amount of dollars purchased by the central bank and Ministry of Finance (excluding repayments Financial commitments in dollars, such as oil, electricity, defense, foreign and reimbursements assuming projects that all other ministries and projects for Initiating an obligation to the dollar with that assumption is unrealistic), the correct amount can be made available for this year to exceed 5 trillion dinars and next year will be up to 10 trillion dinars in the best the possibilities, and this is the difference - who will pay the price of Iraqi citizens - can be supplied from other alternatives and those alternatives not only provide large sums of money, but check economic and financial task purposes in the short and long term.

IN EFFECT THEY'RE STATING THE CITIZENS NEED BUYING POWER



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OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?" Empty Re: OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?"

Post by Kevind53 on Tue Aug 04, 2015 9:57 pm

OOTW: THIS JUST OUT FROM ALMADA "Financial crisis: devaluation of the Iraqi dinar is it the solution?"

WHEN THEY SAY "DEVALUATION" THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR..IN EFFECT "LOWERING" THE NUMBER, IE, MAKING IT "DEVALUED

Really? From Investopedia ...
DEFINITION of 'Devaluation'

A deliberate downward adjustment to the value of a country's currency, relative to another currency, group of currencies or standard. Devaluation is a monetary policy tool of countries that have a fixed exchange rate or semi-fixed exchange rate. It is often confused with depreciation, and is in contrast to revaluation.

Read more: http://www.investopedia.com/terms/d/devaluation.asp#ixzz3htxqImPV

Wanna try again?

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Post by Ponee on Wed Aug 05, 2015 10:15 am

Thank you for sharing CIndy813 !

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