Reassessment "The only reasonable choice"
By: Elisier Berrios
Since 2006 discussed the possibility of removing 3 zeros to the currency
Iraq turning into thousands of dinars in a Dinar, but nevertheless has previously been ruled out as a possibility. In recent months, has again emerged as a possibility but with contradictory elements. In this paper we analyze because the revaluation was "only reasonable choice"
1 - Iraq has more wealth than the other countries for oil together. In other words is the richest country in the region.
2 - They have a surplus of more than 80 billion.
3 - A sentences are selling Natural Gas and are the number 1 in the world. Just signed a multimillion-dollar contract with the Shell Company for these purposes. Once Iraq begins to sell natural gas to increase its revenues significantly.
4 - Iraq takes an average of 2.5 million barrels of oil per day and can raise that amount to more than 3 million a day in just one year. If you sign the law on oil greatly increases their chances.
5 - The same news remove 3 zeros are contradicted in a way that can catalog of Smoke Balls to eliminate speculation.
6 - These same reports indicate that removing 3 zeros will be done slowly without affecting the economy. Countries which have abolished the 3 zeros put exact date for this transaction because it does not change or affect the purchasing power of the people. A more recent example was in Venezuela announced that by January 1 of 2008 would produce a strong bolivar which would have the same value of the currencies of higher denomination, and people just changed their currencies by the strong bolivar but without any financial benefit for they. In other words they made a simple accounting. This mechanism is used in economies with high inflation and without other options such as re-evaluate its currency. The same thing happened recently in Zimbabwe where he had notes of up to 100 million and could only buy them with a pound of bread.
7 - In the news shows that the change that Iraq will bring high liquidity and strong this only be achieved with the reassessment and not with a LOP. "This would have positive effects on the economy and the banking and the daily lives of people and great comfort." Taken out of the news of Mr. Salih
8 - also the same story there is a very interesting ENTRELINEAS who spoke in the past 25 dinars were the equivalent of 75 dollars and 25 thousand dinars are now equivalent to 22 Dollars "and here it is worth noting the difference in the way of the future Country to stability and growth "also just get a reappraisal stability and growth.
9 - The Banks have taken mediated to withhold 25% of the deposits for a while because they said the measures taken and will promote the deposits to banks. Only a reappraisal promote deposits as it will bring high liquidity and strong, on the contrary a Lop not attract deposits because the currency has no value to penalties.
10 - To announce that there is a Lop Dates and set to make a reappraisal is done when they need to understand and without warning.
11 - The majority of the Iraqi people is poor and only a reassessment will give them an almost immediate prosperity.
12 - The World Bank said that he wanted the currency back to $ 3.20.
13 - The governor of the Central Bank of Iraq, Mr. Alshabibi I urge you to buy the Dinar from the store and that in the near future will return the value of the 70s and 80s. It was then when the Dinar achieving a $ 3.39 above the dollar.
14 - Putting money into the hands of the people would end up with 95% of the violence and that they will not be tempted by the insurgents to cooperate on money and even more encouraging to have a future and a life expectancy of reasons.
In my opinion the Dinar can be reassessed more anytime, even if Iraq should have less and an economy in progress and with some parameters unprecedented. Among the Rules of Leadership and there is a very important advantage is the right time and there will be a more opportune time for this to carry out a revaluation, the world is reeling in their economies and an eventuality as this will give a positive turn to these economies excluding the historical role that Iraq would have to assume this important leadership.
AI
