View Full Version : Economic center calls for delinking the Iraqi dinar to the dollar

Hue Mi
10-20-2013, 12:25 AM
Economic center calls for delinking the Iraqi dinar to the dollar (http://www.mustaqila.com/2013/10/%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D9%84%D9%81%D9%83-%D8%A7%D8%B1%D8%AA%D8%A8%D8%A7%D8%B7-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7/)

Published: 2: 39 pm, November 19, 2013

Baghdad (independent). He called the economic information center to move Iraq from the dollar and linking the dinar to more stable currencies.

The Center said Muhammad Ali Dergham told today "despite the White House end the Government shutdown crisis of America there is another crisis threatening the US economy is the US government debt ceiling height to record levels reached 10 trillion dollars, an amount much difficult in the absence of indicators of recovery of the US economy, threaten new economic crises threatening the dollar."

"The need for monetary policy in Iraq in cooperation with the Iraqi Government to move Iraq from the dollar that real economic risk has not experienced since the great depression in the 1920s which requires examination of alternatives to the dollar on the foreign currency basket Iraq reserves contain the most stable Asian currencies like the Chinese Yuan to the euro and pound sterling, Japanese yen and other currencies with higher stability of the dollar."

It also called on the Centre to promote the transformation of dollarization in the Iraqi market phenomenon to a basket of currencies through partial incorporation of these currencies in the beginning auction currency and encouraging the Iraqi market for circulation through the payment of such currencies particularly for imports coming from countries that trade these currencies".

"Added to these proceedings asking Iraq to unlink oil exports in dollar terms by meetings of OPEC oil price protection vulnerability to dollar prices and the need to find alternatives to genuine development under the threat of oil prices linked to the US economy, mainly the United States, the largest importer of crude oil in the world and that any economic downturn ascertains will reduce drastically the import of crude oil."

The Centre said that "emphasizing the need for serious action in this direction the data seriously don't talk about software for parallel development alternatives for bringing Iraq's budget to protect the economy from price fluctuations in the world oil market." (The end)

10-20-2013, 02:19 AM
The publish date says November 19th, but it is October 19th.