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tlm724 says the GOI has ONE shot to correct their actions and I pray to God that they make the right decisions
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tlm724 says the GOI has ONE shot to correct their actions and I pray to God that they make the right decisions
tlm724
Article quote: "Breathe a sigh of relief, after the fall of the former regime and the change that happened after 2003. And it emerged a new political class, we were hoping for better ones..."
after their liberation from the tyranny of Saddam they all expected a better life, a new way of life...the opportunity was ripe for the picking! they still had our support and could have made their country great, given their people pride and prosperity which is probably all the people really wanted, was a better way of life...
A secure GOI and country and food for their children, the chance to earn and be proud! the political parties and blocks, was not concerned with Iraq and its people. ...at this point in time I am sure they are disgusted with the whole thing and their fears are being realized, dreams of a better future must seem bleak...
the GOI has ONE shot to correct their actions and I pray to God that they make the right decisions for THE people for once!
In Iraq, the most effective means to control the money supply is through the exchange rate control, because the money mainly arise from the conversion of the Central Bank of dollars of state oil exports to the local currency.
If the central bank raised the Iraqi dinar against the US dollar, it will add an additional dinars per dollar purchased from the government.
If the exchange rate has reduced the money supply growth rate will slow down.
Since the stability of the exchange rate is one of the main objectives of the Central Bank of Iraq, the use of the exchange rate for macroeconomic management was limited.
In addition, the price of oil has become the main engine to display the Iraqi currency.
When the price of oil rises, it will be the Ministry of Finance more dollars to be transferred to the Iraqi dinar with the central bank.
If the exchange rate stable and has not changed, the more Iraqi dinars must be provided for the purchase of which will lead to increased supply cash.
Conversely, a fall in oil prices would have the opposite effect.
Last edited by Ponee on Wed May 04, 2016 10:53 am; edited 1 time in total
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Re: tlm724 says the GOI has ONE shot to correct their actions and I pray to God that they make the right decisions
If the central bank raised the Iraqi dinar against the US dollar, it will add an additional dinars per dollar purchased from the government.
No, you got this bass ackwards. If the price of the dinar is raised, it will mean it takes fewer dinar per dollar purchased.
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