View Full Version : The dollar is dying

Hue Mi
07-22-2013, 10:04 PM
The dollar is dying (http://www.alsabaah.iq/ArticleShow.aspx?ID=50667)

23/7/13, 12: 00 am

Yasser Metwally

A number of financial experts forecast the economy with the collapse of the dollar is not at the global level for the currency master remains in most countries but what is important at the level of the exchange rate of the Iraqi dinar, we hope to return Iraqi dinar exchange rate versus $3.3 but this dream was difficult and elusive, impossible to achieve under global variables but achievable to get to equal one dollar rate for the dinar.

The second dream is achievable if we gradually deal with this spirit of cooperation between the Central Bank and private banks while this cooperation to control the oscillation rate drop dollar these days.

The spiritual work and application instructions and actions of the Central Bank by private banks contributed to this work and to sustain that dealing with crises and teamwork to achieve the common goal of stabilizing imperfectly set forth in the exchange rate for the Iraqi market performance eightfold by inflationary trends don't praise craze.

Conscious response by private banks and support for strict procedures for the Central Bank to reduce the exchange rate of the dollar against the Iraqi dinar and returning to the price prevailing before the crisis and its aftermath were price reductions by banks to less than the contribution off volatility in the exchange rate and continued reductions in profit account banks to price to 1180 dinars last Saturday but emerged this time around is healthy by the banks are competitive in terms of reduction of the Gulf Bank reported hours to prepare this column Today a new reduction of land one so sold since this day by 1179 dinars.

Thus requires dealing with this dynamic and important topic, and the administration of the Central Bank is trying to deliver exchange rate during the year to 1000 dinars but circumstances that struck central prevented, see the possibility that the new administration to achieve this objective if the pace of deal and deal with banks for that upscale style by the Central Bank.

There are indications that access to that price, which is not the last but followed by a new progressive reduction as I even parity uttsaoi the real value of the Iraqi dinar and returning to the corporate structure of currencies and the qualifications of the Iraqi economy and its not helping that the exchange rate dinar against the dollar and is expected to be three years, subject to increase and decrease, respectively.

The Outlook on the possibility of return of the power of the Iraqi dinar but hope to achieve this dream and how we interpret the exchange rate so alarming in the country of its wealth, these expectations were built on expert perceptions of the Iraq exit and a summary of the provisions of Chapter VII are doomed to achieve reform and economic stability and to achieve all of the goals, in particular the return of the Iraqi dinar to the real strength of this vision and perceptions should be accompanied by better performance and selfless and efficient administrations.

We believe that exchange rate stability is one of the most important means to achieve economic stability, the Central Bank and the banks responsibility for achieving the goal of price stability and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency.

07-22-2013, 10:40 PM
I like this guys dreams, to a point. Lets hope it actually equals 1:1. I hate to see the dollar dying.

English Bob
07-24-2013, 10:58 PM
Yen /Euro go down first ...........$ last



07-25-2013, 05:05 AM
Upon completion of the current engineered financial crisis, I am fairly comfident we will see devaluation of western currencies vs many pegged currencies which are not in the USD Index. Let's hope we invested in the right currency and in the right stock market for that matter...