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Kaperoni says that the economy and the appreciation of the currency are directly related.
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Kaperoni says that the economy and the appreciation of the currency are directly related.
Kaperoni
We have always stated that currency reform must occur prior to the transition to a market economy.
Which is very important to understand since we know Iraq is trying very hard to transition away from oil and create a more diverse economy.
As part of the Balassa-Samuelson effect the growth of the economy and the appreciation of the currency are directly related.
This statement from the IMF report above further confirms this... "...The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment.
Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility..."
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Kaperoni says that the economy and the appreciation of the currency are directly related.
Unfortunately until terrorism is defeated,& there government starts taking care of there own people not themselves, there's not much hope for other industries.
Guest your not up on resent events like what's been happening for the past decade?
Guest your not up on resent events like what's been happening for the past decade?
Chaz- VIP Member
- Posts : 2195
Join date : 2015-12-27
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