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Rumor and National Economy

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Rumor and National Economy  Empty Rumor and National Economy

Post  Admin Sat Oct 08, 2016 7:11 pm

2016/10/08 | 17:20

Writer / Hammam proper

The rumor is the news is true or false has negative effects, dealing with the lives of citizens in all aspects of economic, especially ones. In our beloved Iraq rumors spread in the market and affect the buying and selling traffic, especially if it is the source of the rumor of workers in the financial and political fields would have a devastating effect on the the national economy because the citizen will believe those rumors.

These rumors spread because of the lack of confidence of the Iraqi economy and lack of robustness and accuracy of data and information about it, people believe everything that is said against the government for not Massaranha them.

On the negative cases where rumors affect the economy as follows:

Because of a rumor the government deficit and the inability to pay salaries and wages within months, will perform for the citizens resort to spending and saving and austerity in expenditure, which would reflect negatively on the buying and selling and the size of the circular dinar.

Because rumor resort some citizens to withdraw their money deposited in banks for fear of identifying the size of drawdowns in the future which would hurt the banking sector.

Fear of the collapse of the value of the currency (the dinar) Walter promoted rumor last resort section of citizens to transfer their savings of dinars to the dollar, which increases the demand for hard currency and thus raise the dollar and rising prices in the domestic market price.

In order to address these rumors and Mahartha and not allowing it to influence the national economy and thus the advancement of the national economy should be a strong focus on the following:

On an ongoing basis to respond to those rumors by government officials and those working in the economic and financial field.

Provide accurate information about the national economy and the general budget and not left the other is vulnerable to rumors.

Seeking to maintain public money and the dimensions of the corrupt and promote economic reform.

Control of private banks and corporate banking, civil and dependency dating mostly to politicians, and to prevent their employees from promoting the rumors hurt the national economy and stimulate citizens to withdraw their money and increase their demand for the dollar.

In conclusion, we can say that the rumor deadly poison inside the body of the national economy and lead to death if it is not addressed and response and inform citizens on accurate information about the financial and banking situation.

* Iraqi writer and researcher


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