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Thread: In light of the high rate of the dinar and increase salaries

  1. #1
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    Default In light of the high rate of the dinar and increase salaries

    I dedicate this one to Grace. So sorry the articles of late have been lacking qualitywise.

    With indicators of the Iraqi dinar exchange rate against foreign currencies to rise in order to raise the purchasing power and which coincided with frequent government statements to increase the salaries of staff with the minimum six categories, markets are overheated rise in the prices of commodities and equipment, especially by the minute touches the daily lives of people.

    The Iraqi Central Bank, in the words of Dr. Sinan Al-Shabibi says : that the goal of the Iraqi Central Bank to reduce inflation through the use of tools available cash and specifically he called "liquidity management."


    Any other words intended Governor of the Central Bank access to the stabilization in prices, or at least create an environment Takdeh predictive consumer prices for the final outcome to control inflation. Against this debate do not see on the ground in the stable prices, but we believe the contrary, a rise gradually and not commensurate increase in the price of the Iraqi dinar against the American dollar, and this is very dangerous sheds repercussions on the economy and on the Iraqi daily movement of the wheel of this troubled economy. In order to monitor the situation and will shed more light on the economic ramifications feature views of a group of people, professionals, owners of different occupations. the Hamza - Shamari, the garment shop in the Rusafa attributed the lack of the drop in prices of clothing and the remarkable rise sought to wholesalers who did not take into consideration the exchange rate depreciation of the dollar against the Iraqi dinar as traders resorted to a rise in prices of clothing parallel to the current value after the change of the exchange rate of the dinar against the dollar. one wholesalers Karim Alowaeli said : to change the exchange rate of the dinar against the dollar impact significantly on the range of profitability, which he described as saying little if kept prices at the rates prior to the exchange rate of the dinar eight Iraqi individual, especially its employee salaries could buy good clothes at the new prices and therefore we raised some prices for parallelism with the value of the prices of imported from outside Iraq.

    الدرجات الوظيفية موازية للمشهد السعري للسلع والخدمات الضرورية؟Mohammed Mehdi one of the vendors, fruits and vegetables, explained that the reason for the rise in the prices of fruits and vegetables, mainly due to higher prices for base transport, which rose as well because of the high prices of oil derivatives, as well as raising the prices of vegetables and fruits Allawi pretext raise their prices also by suppliers "farmers and contractors." Academic Dr Mohamed Salem the view that the reason for the high prices in the light of government action and described Balloukaih through a policy of the Central Bank of Iraq seeking to combat inflation offset by an increase in salary support for raising the standard of living and economic development of staff due to the deteriorating security situation and the imbalance of supply and demand and consumption unregulated and the government's failure to adopt measures to create a favorable environment optimal The appropriate climate for price stabilization, explaining that the price stabilization can not come to the orientation or to the extent there are a series of actions governmental and non-governmental organizations to reach this goal. and about the progress of the absurdity of traders were behind the large profit and indifference to the suffering of the citizens and the high prices of oil derivatives, and the government's failure to adopt the preventive measures of price rises fever question remains insist on the minds of many, is the reported increase in salary for a category of the six grades lower grades peace parallel to the scene of the price of goods and services necessary?

    Officer Iman General Alaa class to the peace sixth grades said : The 300,000 dinars mother, a mother of three children and her husband, also a salary and 350,000 dinars, and the total is not enough to be established for a period of fifteen days says, explaining speaking details and the details of daily life and the minimum requirements of survival to live normal. Meanwhile, Samir Al Saeedy employee in the Ministry of Trade, which a class six and donated 280,000 dinars, the father of a family of three members of his salary is running through the first ten days of the month.

    At a time when salary increases are reflected negatively "They are still in the process of implementation without the declaration" does not meet the minimum needs of the most important segments of the society represented a significant proportion of it, it needs to be re-examined if the action is taken to curb the feverish rise of prices.

    With regard to the other bands who live in the curve graph of poverty, which refers to the range of indicators, the need is great for the government to take action in support of the poor within the social protection system so that the network is spending to support such a system within the State's general budget.

    Thus citizen remain a victim of a clash and overlapping causes leading to the emergence of the high prices of consumer goods and services requires foresight and careful handling of one of the most important problems related to living and economic status of the citizen who Aith unaware of politics, security and economy.

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    Iraq also wants a relationship between the foreign exchange market and the Iraqi dinar.

  2. #2
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    Again with these strange translations... what do you guys make of it? Shabibi said they want to gradually raise the rate or they believe in the contrary?

    Anyhow, what's even more sad about this article is that those 2 families mentioned towards the end barely have enough money to make it 10 or 15 days through a month. Some people here have said Iraqis are holding on to their cash hoping for a reval too. Well that may be true in some cases but many try to just survive no thanks to constant high inflation (didn't IMF call it hyper-inflation?) and increases in oil/gas prices.
    Last edited by waiting_game; 04-03-2007 at 03:42 AM.
    ----------- This is why i'm still here....
    Dr. Sinan Alshabibi - "we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar ..."

  3. #3
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    The rise in the value of the ID didn't do anything to offset the rise in the price of oil derivitives. They are more than likely worse off now than when they started to increase the value of the ID.

  4. #4
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    Exactly. Slow and grow has not worked. Inflation with fuel and transportation is still around 70%. They have also increased fuel prices whilst in return getting more debt forgiveness via the IMF. But hold on, what happens then, hhmmmmm, inflation rises further and their people have even less. Catch 22.......


    Maybe the IMF and World Bank have a plan to counteract this, what could it be, any takers for the cuddly toy in the corner????

    http://www.tradingfootball.eu/


    Iraq also wants a relationship between the foreign exchange market and the Iraqi dinar.

  5. #5
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    plenty of quality in this one! can't wait to see grace's response. good post adster!

  6. #6
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    Quote Originally Posted by Adster View Post
    I dedicate this one to Grace. So sorry the articles of late have been lacking qualitywise.

    With indicators of the Iraqi dinar exchange rate against foreign currencies to rise in order to raise the purchasing power and which coincided with frequent government statements to increase the salaries of staff with the minimum six categories, markets are overheated rise in the prices of commodities and equipment, especially by the minute touches the daily lives of people.

    The Iraqi Central Bank, in the words of Dr. Sinan Al-Shabibi says : that the goal of the Iraqi Central Bank to reduce inflation through the use of tools available cash and specifically he called "liquidity management."


    Any other words intended Governor of the Central Bank access to the stabilization in prices, or at least create an environment Takdeh predictive consumer prices for the final outcome to control inflation. Against this debate do not see on the ground in the stable prices, but we believe the contrary, a rise gradually and not commensurate increase in the price of the Iraqi dinar against the American dollar, and this is very dangerous sheds repercussions on the economy and on the Iraqi daily movement of the wheel of this troubled economy. In order to monitor the situation and will shed more light on the economic ramifications feature views of a group of people, professionals, owners of different occupations. the Hamza - Shamari, the garment shop in the Rusafa attributed the lack of the drop in prices of clothing and the remarkable rise sought to wholesalers who did not take into consideration the exchange rate depreciation of the dollar against the Iraqi dinar as traders resorted to a rise in prices of clothing parallel to the current value after the change of the exchange rate of the dinar against the dollar. one wholesalers Karim Alowaeli said : to change the exchange rate of the dinar against the dollar impact significantly on the range of profitability, which he described as saying little if kept prices at the rates prior to the exchange rate of the dinar eight Iraqi individual, especially its employee salaries could buy good clothes at the new prices and therefore we raised some prices for parallelism with the value of the prices of imported from outside Iraq.

    الدرجات الوظيفية موازية للمشهد السعري للسلع والخدمات الضرورية؟Mohammed Mehdi one of the vendors, fruits and vegetables, explained that the reason for the rise in the prices of fruits and vegetables, mainly due to higher prices for base transport, which rose as well because of the high prices of oil derivatives, as well as raising the prices of vegetables and fruits Allawi pretext raise their prices also by suppliers "farmers and contractors." Academic Dr Mohamed Salem the view that the reason for the high prices in the light of government action and described Balloukaih through a policy of the Central Bank of Iraq seeking to combat inflation offset by an increase in salary support for raising the standard of living and economic development of staff due to the deteriorating security situation and the imbalance of supply and demand and consumption unregulated and the government's failure to adopt measures to create a favorable environment optimal The appropriate climate for price stabilization, explaining that the price stabilization can not come to the orientation or to the extent there are a series of actions governmental and non-governmental organizations to reach this goal. and about the progress of the absurdity of traders were behind the large profit and indifference to the suffering of the citizens and the high prices of oil derivatives, and the government's failure to adopt the preventive measures of price rises fever question remains insist on the minds of many, is the reported increase in salary for a category of the six grades lower grades peace parallel to the scene of the price of goods and services necessary?

    Officer Iman General Alaa class to the peace sixth grades said : The 300,000 dinars mother, a mother of three children and her husband, also a salary and 350,000 dinars, and the total is not enough to be established for a period of fifteen days says, explaining speaking details and the details of daily life and the minimum requirements of survival to live normal. Meanwhile, Samir Al Saeedy employee in the Ministry of Trade, which a class six and donated 280,000 dinars, the father of a family of three members of his salary is running through the first ten days of the month.

    At a time when salary increases are reflected negatively "They are still in the process of implementation without the declaration" does not meet the minimum needs of the most important segments of the society represented a significant proportion of it, it needs to be re-examined if the action is taken to curb the feverish rise of prices.

    With regard to the other bands who live in the curve graph of poverty, which refers to the range of indicators, the need is great for the government to take action in support of the poor within the social protection system so that the network is spending to support such a system within the State's general budget.

    Thus citizen remain a victim of a clash and overlapping causes leading to the emergence of the high prices of consumer goods and services requires foresight and careful handling of one of the most important problems related to living and economic status of the citizen who Aith unaware of politics, security and economy.

    http://translate.google.com/translat...language_tools

    An R/V might just be the answer to this problem of theirs.
    Adster....you may make a believer out of me yet :D
    I am opposed to millionaires, but it would be dangerous to offer me the position. ~Mark Twain

    I don't like money, actually, but it quiets my nerves. ~Joe Louis

    Women prefer men who have something tender about them - especially the legal kind. ~Kay Ingram

    Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale. ~Zig Ziglar

  7. #7
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    I hope the plan is soon. The CBI stated they want to buy more IQD and sell less for the GOI budget. That policy won't help currency inflation it just puts more IQD back on the streets.

    The other thing is if Iraqis are earning IQD in pay they give it to the banks for USD. This is bad becuse a reval would likely mean IQD only currency reccognized in the Country and they give it all up and the banks make out.

    Slow will put more IQD in the pockets of Iraqis as it lowers they will hold on to more. But they won't become auto millianars as some proclaim because the IQD will be the only currency reccognized in the Country. So that means they won't exchange; right?

    Only time will tell but they need to hit this currancy inflation hard or it won't amount to anything.
    1IQD=1USD then I woke -up

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