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Proposals and recommendations
We ask the leaders of the State Honorable and opinion leaders in the Honorable community's strong intervention to correct the Central Bank and Ngar e a policy in favor of the state and the Iraqi people and stop the financial bleeding of wealth and reserves of Iraq in hard currency, which led to these economic and social disaster in the country, which will feature more after a significant decline in oil prices, and so through the following actions:
1.Install the dollar to 1350 dinars and compel the central bank not to do speculative reduction forced the price of the dollar as it has done since 2007, and so far, and should be based bank sold the dollar price installer new set O e o 1350 dinars in the same way that take place in all countries of the world, when the currency lower in these countries are Bnuk e a sell part of its hard currency to Da e a against the local currency, and when the currency is improving in these countries the banks where to buy foreign currency from the market in exchange for local currency Which oblige the central bank to work similar to central banks in the Countries of the world where Interfere with these banks in the market only When high or drop the local currency of the installed originally from the state.
2. In this case (ie, When you install the dollar to 1350 dinars) will decrease the state treasury a loss of about $ 870 Million per month now (to fill download secured in the dollar price of one thousand four hundred and seventy dinars Aly1170 dinars) to about $ 300 per Million month (to fill the lower the dollar price of the 1470 secured in dinars to in 1350 dinars) and the result will be e Nalk Sevad amount in the state treasury as a result of this process O e o about $ 570 Million per month , at Least, That is, 6.840 Billion dollars a year ,
3.Also, install the dollar to dinars in 1350 will lead to the withdrawal of the Largest amount of Monetary mass (Dinar) from the market for the same quantity sold of the dollar from the central bank, Which in turn will lead to lower Inflation, and by large, as we propose Deducting the amount of 15 dinars for the Benefit of the central bank for every dollar convert it to the outside thru the bank so as to Reduce the dollar amounts That are Akhraj e a T e rab e a and abroad and to withdraw larger amounts of dinars from the market and as a result reduce the largest of inflation,
4. Application of social justice and the abolition of caste discrimination thru the justice of the poor in the community using the amount That Sevad in the state treasury (O e o 6.840 billion dollars at least a year after the installation of the dollar to 1350 dinars) used for the benefit of the poor and disadvantaged class in society O e m orphans, widows, the families of martyrs and victims, the disabled, disabled, displaced, Displacement and migrants, refugees, divorced, unemployed and workers toiling to eliminate a large part of the poverty in Iraq, which is 23% also announced that the Ministry of Planning, and e ala poor and disadvantaged want to provide only basic their needs, and Tkhalas e m of humiliation , slavery and Alq e r where they live, rather than speculation on the dollar in the exchange, which was in favor of monopolistic companies and banks Alo e mah and corrupt market so they can smuggle Al e aúlh amounts of hard currency out of Iraq,
5.Bind and guide the Ministries and Institutions of the State not to put allocated L e a money in eligibility banks Must these amounts Belonging to the state of the banks so as not to exploit these funds Belonging to the Ministries and Institutions in the process of selling and buying currency from the central bank and Speculation place at market collusion Between corrupt Officials in these Ministries Institutions, and these banks eligibility. This procedure Ensures as well as the exploitation of these allocated from state funds for building projects and services to Provide Citizens in time, where we observed that some ministries and institutions to re-allocated funds End of the financial year in previous years and not to exploit these dedicated L e a in projects and provide services to citizens under the pretext of fear of the accounting of the funds Integrity Financial Control and Kn e a truth has Baidaa e a in eligibility banks and carried out the purchase of dollars from the central bank and sell it in the market and benefited Msúla e a corrupt millions of dollars per month, as well as the lack of Kiem e m responsibilities entrusted to Atq e m to establish projects and the provision of services and thus tarnish the image of the government to the people,
6. Bind and guide the Bank's work in favor of the state and as banks do in the world, where these banks' funding and grants and soft Als e lh loans to citizens for housing construction and the establishment of profitable projects for the unemployed, and the granting of loans to enterprises, and help the state in investment, infrastructure construction and other businesses that support development in these countries,
7. Non-currency or switch to Raise Zeroes three of which for the time being until loop and the reduction of Inflation to withdraw a larger amount of the money supply, and fairly poor, as the currency or switch to Raise Zeroes three of which at the present time and without pulling Inflation and fairly poor class, will lead to the transmission of Inflation the current currency to the new currency, and will give privilege or advantage for the rich at the expense of the poor O e o install the increase in the value of their money and their savings and Aaradat e m and by more than 20% O e a additional increase is calculated Tthml e a state treasury (O e a at least $ 10 billion a year) and without justice between the rich and the poor because of Bank policy wrong and this will lead to inflation and rising higher than the previous price and will lead to the expansion of the contrast and the gap Between rich and poor and create Thus " resentment "People of the state. The haste and Urgency of the Central Bank Officials Former to change the currency or raise three zeroes of which V e o to escape and evade coverage on Strategic mistake and signed it and That led to these Economic and social disaster in the country,
8. Non currency version of the large size, color: such as 100 thousand dinars a class or category of 200 thousand dinars, Because it will lead to another Inflation Inflation is due to Excessive Monetary currency Issuance, and the Issuance of large currency will lead to great their impact when fraud and to the loss of small for their value Currency, he is also no need for these big currencies when the currency exchange in the future, and there is a trend in the state to do the electronic financial transactions Electronic financial) (Transactions through the establishment of electronic banking systems and the issuance of electronic cards and various of which credit card (Credit Card) card clouds (Debit Card), and other electronic cards so no need for additional losses on currency issuance of large size. Does the price goes up if you install the dollar to 1350 dinars?
That prices will not go up for the following reasons:
1. Inflation in the cash market will drop in a very large thru a very large Increase in the withdrawal of the money supply of the market, (Instead of pulling 3.510 trillion dinars When the bank sold $ 3 Billion per month at a price of 1 170 dinars to the dollar, will be withdrawn 4, 050 trillion dinars from the market When selling the bank $ 3 Billion per month at a price of 1 350 dinars to the dollar, That Which means the Increase in the amounts withdrawn from the market is the 440 Billion dinars at the sale of $ 3 Billion per month at a price of 1350 dinars to the dollar). Knowing That the price up to the upper limit of the level of Inflation, Inflation is reduced When prices fall,
2. Dollar amounts are converted or T e rab e a will drop to the outside a very large and will e nalk be a significant increase in central bank reserves from the dollar, which will lead to increased confidence in Iraqi currency, which will be based on a very large reserves of the dollar and thus the real increase in Iraqi currency gradually and economically, and not increase the nominal Alo e mah dinar only in the Foreign exchange market and the central bank That is Currently B e a and that led to the depletion of reserves of hard currency,
3.Iraqi market is open and Foreign goods and goods plunging local markets where the great competitive pressure will lead to reduced prices,
4. State bears the basic needs of the citizens O e a flour, rice, sugar and other substances through the diet, and their value is fixed because the state Bastirad e a dollar fixed and does not change its value abroad,
5.Will be e Nalk national production and national competition for foreign goods, Which are used Devaluation policy in the world on a large scale to the promote exports and Economic Growth in the country ,
6.Will be e nalk compensate for poor layer of the society by the amount Sevad in the state treasury O e o more than $ 570 million per month, which lose state per month as part of the total amount to pay the difference in the dollar, can government spending on Disadvantaged class of people, and road of this amount to more of the 2.5 Million Citizens and by $ 200 per month for each of them ,
7. Prices will not go up when unable to poor spending to meet the basic needs them because they are not looking for luxury and well-being, as if Al e dr and waste will at least have the elite any rich class in the community because they will be eager in the disbursement of funds leading to a lack of excessive demand for goods and services and thus not high prices,
8.Will be e Nalk strong response Legitimate Demands of the religious Authorities noble and Humanitarian Organizations to Achieve social justice for the Disadvantaged class in Society, and That will bring social Cohesion (Social Cohesion), Which is one of the four basic Principles of international fee. policies Civilized modern O e a Democracy, human rights, rule of law and social Cohesion, In Addition to Economic reform and without the state treasury more Burdens,
9.Will e Nalk ready for any emergency for the Possibility of going down oil prices to dangerous levels due to different Factors of which the global Economic Crisis or the saturation of the world market oil (and this actually happened End of two thousand and fourteen), Leading to a term decline in revenues of hard currency and thus not to the state's ability to meet the financial its obligations when you keep dollar exchange rate of 1170 dinars.
Peace, mercy and blessings of God.
Researcher in the fight against corruption
Khalid Aziz Mohammed Baghdad 03/01/2015
Attachments: CBI FOREIGN EXCHANGE AUCTIONS The study on PDF format: the massive Corruption in the Central Bank
- اقرأ المزيد : [You must be registered and logged in to see this link.]
We ask the leaders of the State Honorable and opinion leaders in the Honorable community's strong intervention to correct the Central Bank and Ngar e a policy in favor of the state and the Iraqi people and stop the financial bleeding of wealth and reserves of Iraq in hard currency, which led to these economic and social disaster in the country, which will feature more after a significant decline in oil prices, and so through the following actions:
1.Install the dollar to 1350 dinars and compel the central bank not to do speculative reduction forced the price of the dollar as it has done since 2007, and so far, and should be based bank sold the dollar price installer new set O e o 1350 dinars in the same way that take place in all countries of the world, when the currency lower in these countries are Bnuk e a sell part of its hard currency to Da e a against the local currency, and when the currency is improving in these countries the banks where to buy foreign currency from the market in exchange for local currency Which oblige the central bank to work similar to central banks in the Countries of the world where Interfere with these banks in the market only When high or drop the local currency of the installed originally from the state.
2. In this case (ie, When you install the dollar to 1350 dinars) will decrease the state treasury a loss of about $ 870 Million per month now (to fill download secured in the dollar price of one thousand four hundred and seventy dinars Aly1170 dinars) to about $ 300 per Million month (to fill the lower the dollar price of the 1470 secured in dinars to in 1350 dinars) and the result will be e Nalk Sevad amount in the state treasury as a result of this process O e o about $ 570 Million per month , at Least, That is, 6.840 Billion dollars a year ,
3.Also, install the dollar to dinars in 1350 will lead to the withdrawal of the Largest amount of Monetary mass (Dinar) from the market for the same quantity sold of the dollar from the central bank, Which in turn will lead to lower Inflation, and by large, as we propose Deducting the amount of 15 dinars for the Benefit of the central bank for every dollar convert it to the outside thru the bank so as to Reduce the dollar amounts That are Akhraj e a T e rab e a and abroad and to withdraw larger amounts of dinars from the market and as a result reduce the largest of inflation,
4. Application of social justice and the abolition of caste discrimination thru the justice of the poor in the community using the amount That Sevad in the state treasury (O e o 6.840 billion dollars at least a year after the installation of the dollar to 1350 dinars) used for the benefit of the poor and disadvantaged class in society O e m orphans, widows, the families of martyrs and victims, the disabled, disabled, displaced, Displacement and migrants, refugees, divorced, unemployed and workers toiling to eliminate a large part of the poverty in Iraq, which is 23% also announced that the Ministry of Planning, and e ala poor and disadvantaged want to provide only basic their needs, and Tkhalas e m of humiliation , slavery and Alq e r where they live, rather than speculation on the dollar in the exchange, which was in favor of monopolistic companies and banks Alo e mah and corrupt market so they can smuggle Al e aúlh amounts of hard currency out of Iraq,
5.Bind and guide the Ministries and Institutions of the State not to put allocated L e a money in eligibility banks Must these amounts Belonging to the state of the banks so as not to exploit these funds Belonging to the Ministries and Institutions in the process of selling and buying currency from the central bank and Speculation place at market collusion Between corrupt Officials in these Ministries Institutions, and these banks eligibility. This procedure Ensures as well as the exploitation of these allocated from state funds for building projects and services to Provide Citizens in time, where we observed that some ministries and institutions to re-allocated funds End of the financial year in previous years and not to exploit these dedicated L e a in projects and provide services to citizens under the pretext of fear of the accounting of the funds Integrity Financial Control and Kn e a truth has Baidaa e a in eligibility banks and carried out the purchase of dollars from the central bank and sell it in the market and benefited Msúla e a corrupt millions of dollars per month, as well as the lack of Kiem e m responsibilities entrusted to Atq e m to establish projects and the provision of services and thus tarnish the image of the government to the people,
6. Bind and guide the Bank's work in favor of the state and as banks do in the world, where these banks' funding and grants and soft Als e lh loans to citizens for housing construction and the establishment of profitable projects for the unemployed, and the granting of loans to enterprises, and help the state in investment, infrastructure construction and other businesses that support development in these countries,
7. Non-currency or switch to Raise Zeroes three of which for the time being until loop and the reduction of Inflation to withdraw a larger amount of the money supply, and fairly poor, as the currency or switch to Raise Zeroes three of which at the present time and without pulling Inflation and fairly poor class, will lead to the transmission of Inflation the current currency to the new currency, and will give privilege or advantage for the rich at the expense of the poor O e o install the increase in the value of their money and their savings and Aaradat e m and by more than 20% O e a additional increase is calculated Tthml e a state treasury (O e a at least $ 10 billion a year) and without justice between the rich and the poor because of Bank policy wrong and this will lead to inflation and rising higher than the previous price and will lead to the expansion of the contrast and the gap Between rich and poor and create Thus " resentment "People of the state. The haste and Urgency of the Central Bank Officials Former to change the currency or raise three zeroes of which V e o to escape and evade coverage on Strategic mistake and signed it and That led to these Economic and social disaster in the country,
8. Non currency version of the large size, color: such as 100 thousand dinars a class or category of 200 thousand dinars, Because it will lead to another Inflation Inflation is due to Excessive Monetary currency Issuance, and the Issuance of large currency will lead to great their impact when fraud and to the loss of small for their value Currency, he is also no need for these big currencies when the currency exchange in the future, and there is a trend in the state to do the electronic financial transactions Electronic financial) (Transactions through the establishment of electronic banking systems and the issuance of electronic cards and various of which credit card (Credit Card) card clouds (Debit Card), and other electronic cards so no need for additional losses on currency issuance of large size. Does the price goes up if you install the dollar to 1350 dinars?
That prices will not go up for the following reasons:
1. Inflation in the cash market will drop in a very large thru a very large Increase in the withdrawal of the money supply of the market, (Instead of pulling 3.510 trillion dinars When the bank sold $ 3 Billion per month at a price of 1 170 dinars to the dollar, will be withdrawn 4, 050 trillion dinars from the market When selling the bank $ 3 Billion per month at a price of 1 350 dinars to the dollar, That Which means the Increase in the amounts withdrawn from the market is the 440 Billion dinars at the sale of $ 3 Billion per month at a price of 1350 dinars to the dollar). Knowing That the price up to the upper limit of the level of Inflation, Inflation is reduced When prices fall,
2. Dollar amounts are converted or T e rab e a will drop to the outside a very large and will e nalk be a significant increase in central bank reserves from the dollar, which will lead to increased confidence in Iraqi currency, which will be based on a very large reserves of the dollar and thus the real increase in Iraqi currency gradually and economically, and not increase the nominal Alo e mah dinar only in the Foreign exchange market and the central bank That is Currently B e a and that led to the depletion of reserves of hard currency,
3.Iraqi market is open and Foreign goods and goods plunging local markets where the great competitive pressure will lead to reduced prices,
4. State bears the basic needs of the citizens O e a flour, rice, sugar and other substances through the diet, and their value is fixed because the state Bastirad e a dollar fixed and does not change its value abroad,
5.Will be e Nalk national production and national competition for foreign goods, Which are used Devaluation policy in the world on a large scale to the promote exports and Economic Growth in the country ,
6.Will be e nalk compensate for poor layer of the society by the amount Sevad in the state treasury O e o more than $ 570 million per month, which lose state per month as part of the total amount to pay the difference in the dollar, can government spending on Disadvantaged class of people, and road of this amount to more of the 2.5 Million Citizens and by $ 200 per month for each of them ,
7. Prices will not go up when unable to poor spending to meet the basic needs them because they are not looking for luxury and well-being, as if Al e dr and waste will at least have the elite any rich class in the community because they will be eager in the disbursement of funds leading to a lack of excessive demand for goods and services and thus not high prices,
8.Will be e Nalk strong response Legitimate Demands of the religious Authorities noble and Humanitarian Organizations to Achieve social justice for the Disadvantaged class in Society, and That will bring social Cohesion (Social Cohesion), Which is one of the four basic Principles of international fee. policies Civilized modern O e a Democracy, human rights, rule of law and social Cohesion, In Addition to Economic reform and without the state treasury more Burdens,
9.Will e Nalk ready for any emergency for the Possibility of going down oil prices to dangerous levels due to different Factors of which the global Economic Crisis or the saturation of the world market oil (and this actually happened End of two thousand and fourteen), Leading to a term decline in revenues of hard currency and thus not to the state's ability to meet the financial its obligations when you keep dollar exchange rate of 1170 dinars.
Peace, mercy and blessings of God.
Researcher in the fight against corruption
Khalid Aziz Mohammed Baghdad 03/01/2015
Attachments: CBI FOREIGN EXCHANGE AUCTIONS The study on PDF format: the massive Corruption in the Central Bank
- اقرأ المزيد : [You must be registered and logged in to see this link.]
