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The future of the Iraqi dinar
Friday 0.8 May 0.2015
I do not pretend an economist or a veteran in the global economy although I through my work I will be close to this area and the nature of my work allows me to see the studies and analyzes ..lkn variety of things that probably knows a lot that followed until Sadrjha try to analyze it, even in haste : It has the financial situation of Iraq severely worsened by the collapse of oil prices in more than a year and so Iraq has more than 40% of the imports was obtained from the oil sale prices ranged from about $ 100 and the current prices between 50 and 60 dollars and for the first time the price rose in America above $ 60 during this year .ujae lower prices due to increased production of countries outside OPEC and the return of Libya to the production and increase US inventory of Petroleum and the resort of some parties and states to sell at lower prices than the price of OPEC for political reasons or compelling ..
Although the International Monetary Fund agreed to grant Iraq a loan of $ 800 million of this loan may contribute to ease the pressure and help (the Iraqi government) to manage other funds from other sources by enhancing investor confidence. But loans require repayment specified a time, according to the website of the International Monetary Fund For Iraq to repay this loan over a period of between 40 and 60 months with benefits. Since there is no real strategy plans to increase Iraq's revenues from non-oil, Iraq would face difficulty in paying the loan despite the lack of size after three years if it does not rise in oil prices as a result of the failed monetary policies pursued by the governments of-proclaimed occupation and frequent thefts and waste of public money so that will remain Iraq 2020 Interest on loans repaid only if the case continued as it is !!.
As rumors about the existence of an Iraqi to issue bonds desire to $ 5 billion may deny Iraq in use in infrastructure projects if you find a sincere will, but first needs to credit rating might of Morgan Stanley or the World Bank qualify for the issuance of these bonds, and they will buy investors these bonds, especially in the absence of special economic policy plans.
The new taxes and raise government services prices, it is only an attempt to increase domestic criticism of the government shows so that the liquidity of the Central Bank of Iraq, taking to fade and despite the great discontent which will be witnessed Iraqi street because of the results of that pressure on the ability of the citizen purchasing power and thus lower purchases and the return of commercial recession.
It is not known exactly to be paid by Iraq in sectarian democracy time and size of the debt is not why do not fall Kuwait debt remaining on Iraq as it did Emirates despite It carved out more than 80% of the debt imposed unjustly Security Council on Iraq, a gamble that insisted on the lack of a future commercial contracts with Iraq ..aldion amounting to perhaps more than $ 50 billion to weigh Iraqi withers at a time oil prices fell so did not rise the price of the Iraqi dinar, despite all the cash revenue from the sale of oil and because of the known to all, a theft of public funds and administrative corruption at the highest levels, so the continuation of the descent rate of the Iraqi dinar is contained within this analytical context, and the absence of high oil prices.
This was accompanied by low oil prices, other reasons for the deterioration of the Iraqi economy - the central government has lost some shipments exporting oil through the Iraqi Kurds and cut off the news about the quantities exported by the Kurds or are they export as the central occupation government has also lost many sites for the production of oil and its derivatives from after control Daash them and also being Fighting continued and the insistence of the two parties Alyy control Baiji refinery damaged hostilities result and even if defeated one of the parties, it will remain disabled for a long time or maybe operate at 20% of normal capacity, pending repair the damage.
Also do not forget critical government in providing even Akiem weapons, which qualifies them for the continuity of the fighting Daash so they are trying to buy These weapons on credit, which means adding debt and its benefits more on the shoulders of the Iraqi treasury ..
From the above I do not see any real recovery of the Iraqi dinar in the near level or that this Altaav be continuous, and the possibilities of a reduction value of the Iraqi dinar is very contained, despite what may be provided by the new loan of liquidity and tend Kvtha for not more stability, especially if kept oil prices as they are .. So this country (ours) placed Akdarh However, the beneficiaries do not understand the political life nor financial, but the amount and then the US and Iran has put them in this position a lifetime opportunity to enrich the illegal so they put Iraq under the mercy of the increase or decrease in oil prices. And still many of these people follow the religion according to this example of the (cat loves quarrel
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Friday 0.8 May 0.2015
I do not pretend an economist or a veteran in the global economy although I through my work I will be close to this area and the nature of my work allows me to see the studies and analyzes ..lkn variety of things that probably knows a lot that followed until Sadrjha try to analyze it, even in haste : It has the financial situation of Iraq severely worsened by the collapse of oil prices in more than a year and so Iraq has more than 40% of the imports was obtained from the oil sale prices ranged from about $ 100 and the current prices between 50 and 60 dollars and for the first time the price rose in America above $ 60 during this year .ujae lower prices due to increased production of countries outside OPEC and the return of Libya to the production and increase US inventory of Petroleum and the resort of some parties and states to sell at lower prices than the price of OPEC for political reasons or compelling ..
Although the International Monetary Fund agreed to grant Iraq a loan of $ 800 million of this loan may contribute to ease the pressure and help (the Iraqi government) to manage other funds from other sources by enhancing investor confidence. But loans require repayment specified a time, according to the website of the International Monetary Fund For Iraq to repay this loan over a period of between 40 and 60 months with benefits. Since there is no real strategy plans to increase Iraq's revenues from non-oil, Iraq would face difficulty in paying the loan despite the lack of size after three years if it does not rise in oil prices as a result of the failed monetary policies pursued by the governments of-proclaimed occupation and frequent thefts and waste of public money so that will remain Iraq 2020 Interest on loans repaid only if the case continued as it is !!.
As rumors about the existence of an Iraqi to issue bonds desire to $ 5 billion may deny Iraq in use in infrastructure projects if you find a sincere will, but first needs to credit rating might of Morgan Stanley or the World Bank qualify for the issuance of these bonds, and they will buy investors these bonds, especially in the absence of special economic policy plans.
The new taxes and raise government services prices, it is only an attempt to increase domestic criticism of the government shows so that the liquidity of the Central Bank of Iraq, taking to fade and despite the great discontent which will be witnessed Iraqi street because of the results of that pressure on the ability of the citizen purchasing power and thus lower purchases and the return of commercial recession.
It is not known exactly to be paid by Iraq in sectarian democracy time and size of the debt is not why do not fall Kuwait debt remaining on Iraq as it did Emirates despite It carved out more than 80% of the debt imposed unjustly Security Council on Iraq, a gamble that insisted on the lack of a future commercial contracts with Iraq ..aldion amounting to perhaps more than $ 50 billion to weigh Iraqi withers at a time oil prices fell so did not rise the price of the Iraqi dinar, despite all the cash revenue from the sale of oil and because of the known to all, a theft of public funds and administrative corruption at the highest levels, so the continuation of the descent rate of the Iraqi dinar is contained within this analytical context, and the absence of high oil prices.
This was accompanied by low oil prices, other reasons for the deterioration of the Iraqi economy - the central government has lost some shipments exporting oil through the Iraqi Kurds and cut off the news about the quantities exported by the Kurds or are they export as the central occupation government has also lost many sites for the production of oil and its derivatives from after control Daash them and also being Fighting continued and the insistence of the two parties Alyy control Baiji refinery damaged hostilities result and even if defeated one of the parties, it will remain disabled for a long time or maybe operate at 20% of normal capacity, pending repair the damage.
Also do not forget critical government in providing even Akiem weapons, which qualifies them for the continuity of the fighting Daash so they are trying to buy These weapons on credit, which means adding debt and its benefits more on the shoulders of the Iraqi treasury ..
From the above I do not see any real recovery of the Iraqi dinar in the near level or that this Altaav be continuous, and the possibilities of a reduction value of the Iraqi dinar is very contained, despite what may be provided by the new loan of liquidity and tend Kvtha for not more stability, especially if kept oil prices as they are .. So this country (ours) placed Akdarh However, the beneficiaries do not understand the political life nor financial, but the amount and then the US and Iran has put them in this position a lifetime opportunity to enrich the illegal so they put Iraq under the mercy of the increase or decrease in oil prices. And still many of these people follow the religion according to this example of the (cat loves quarrel
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