Happy Tuesday & Welcome Back Dinarians!
I hope that you all had a great Labor Day Weekend with your family like myself and Mrs. IQD did.
To kick off September I was really impressed by the News Article from Dr. Shabibi (the former CBI Governor) and the keen analysis supplied by our friend and Newshound ~ Red Lily ~
I’m supplying to you part of the full article – and the link for you to finish it on her website – to insure that she gets the full credit she deserves! Here we go:
Mohammad Reza Sinan Shabibi
In the economy we face an economic problem at the individual level and at the community level. The problem is that these multiple needs, and resources for these needs is limited. Because resources are limited, we must choose needs that must be saturation.
- For those out there invested in the dinar, the very first sentence from this extinguished gentleman should send up a red flag. Especially to those who are falling for all the so-called Dinar Oracles saying Iraq’s currency is fixing to revalue exponentially any time soon. Please please please, if you are down and out and confused, do yourself a favor and educate yourself so you do not fall for what these Oracles are saying. Shabibi just said in the first sentence Iraq is facing an “economic problem”. Look for yourself and you find a country’s currency value is based on the country’s economy. Don’t be lazy if you feel let down because it is not happening the way this D.O.’s say it is. Step up and learn. A good place to start would be right HERE ~ RED LILY ~
Iraq must satisfy the needs of social and economic but many resources, whether financial or human negatively affected by war and the siege and the loss of opportunities for growth .oadh that Iraq has become a facing problem to choose among the needs which are in fact represent economic objectives in different sectors at home and abroad.
- Realize this is just my own opinion of what Dr. Shabibi is saying here. Iraq must satisfy the needs of social and economic with many resources. The International Monetary Fund (IMF), met with Abdul Turki, CBI Govorner, this past spring. During this meeting they discussed what still needs to be accomplished in Iraq Banking, investments, securities and economy. One of the MAIN subjects was that Iraq needs to “Diversify” their notational product away from oil. This means Iraq must also concentrate on industry type jobs as well as agriculture, mines and manufacturing. The IMF looks at a country’s unemployment rate, political stability and economic stability of a country and tells them what areas need improvement in order to comply with IMF standards. Iraq was told they still need better banking and investment reform laws and they have yet to fulfill this obligation. Stay on the look out for these types of laws to pass. To support what I am saying here, read THIS. ~ RED LILY ~
The circumstances of evolution and the big problems worked to narrow the choices I greet you find it difficult to identify these choices, and that should satisfy the needs of the shortest time possible because of missed opportunities on the individual and the Iraqi society. This means that the time is considered an important economic variable, and therefore is reduced to a primary goal.
- The above statement from Dr. Shabibi is basically stating there is so much that needs to accomplished in a… [Finish Reading]
Was that an excellent article or what? Kudos to Ms. ~ Red Lily ~ and thanks to her for sharing it with me. I hope it cheered you up and gave you peace of mind, like it did for me!
And Please remember whenever you hear a suspect story by any of the Hack Gurus, just check the facts at the official website for the Central Bank of Iraq by going to their only and OFFICIAL Website: www.CBI.iq
~ Mr. IQD