Expert Dollarization is a big mistake that can not be prevented soon

by **Ponee** Sat Jan 24, 2015 1:15 pm

regarded economist, on Thursday, to be treated domestic economic currency dollar of the biggest mistakes in monetary policy in the country.

The expert said Essam Mahouelle told / information /, that "excessive dealing currency dollar by failing financial policies (dollarization) , of the biggest mistakes in monetary policy in the state, "noting that he"must be the Iraqi currency to adopt in the future, especially in the insider and that was difficult. "

He added that "can not be applied to reduce dependence on foreign currencies, especially the dollar on the ground, because most of Merchandising imported from abroad, in addition to the economic situation in Iraq's fragile something to fear merchants in reliable, "explaining that" the decline in oil prices led to inflict great damage to the Iraqi dinar. "

He added that "the weakness of the government and the authority of the state leads to not to impose its control in the country's economic policies draw," adding " The United States prohibits dealing in other currencies and does not deal only in dollars. "

The country suffers from a major financial crisis as a result of falling world oil prices, which constitutes 90% of fiscal revenue involved in building the country's budget. Ended 25 K.

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by **Cascadian** Sat Jan 24, 2015 2:26 pm

Iraq's fragile something to fear merchants in reliable, "explaining that" the decline in oil prices led to inflict great damage to the Iraqi dinar. "

Gee Mday.... what wonderful WHOOOPOW are you going to come out with having read this?

Expert Dollarization is a big mistake that can not be prevented soon

Expert Dollarization is a big mistake that can not be prevented soon

Re: Expert Dollarization is a big mistake that can not be prevented soon