******************************* The private sector contributes to increase the value of the dinar

6/11/2014 0:00

BAGHDAD Mustafa al-Hashemi


Many people wonder about the reasons for the rise in the purchasing power of the dinar years ago and so far, despite having a good cover of gold and foreign currency as well as the rise in oil exports as well as improve its exchange rate against the dollar, when the continued improvement in the exchange rate with the salary increase Fsnsal to the stage is not commensurate with the productivity of the economy reason to support the private sector and the privileges granted parallel privileges of the public sector, where the rate of wages.


In this context, the economic academic sees Dr. Majid Baidhani importance of finding a balance between this equation by increasing the productivity of the individual to achieve the increase in incomes, explaining that the productivity of the individual worker comes through the activation and projects of the private sector in productive sectors such as agriculture and Alsnaah.oadav told (morning) : it is necessary to achieve financial revenues through the creation of jobs and employment opportunities in the private sector and make it a par with government employees privileges are greatly contribute to the revival of the booming economy, after the reference to the oil industry to activate those opportunities.

 He stressed that the central bank was able through the implementation of a successful fiscal policies in recent years have contributed a lot in the stability of the market and this has resulted in its role regarding the improvement of the exchange rate, and went on to say: Here comes the role of government and the competent authorities to complete drawing this picture by providing focused support to the private sector and the implementation of the government program, which stressed the importance in advancing the country's economy forward.

Stressing that the most successful monetary policy is to maintain the stability of the exchange rate increase provided Alantegeh.oasmah IMF to countries with economies in transition fund implementation of currency controls in order to stabilize the economy during the reconstruction phase and this is what served as the local economy over the past years.

Baidhani said that Iraq currently has the expertise and economic efficiencies in existing homes experienced enough for taking the initiative and self-reliance proceed to develop the economy through reform programs and development policies that fit this stage application.

He pointed to the possibility of Iraq to see a decline in items imported country other goods and services that can be provided locally when oil exports rise from, indicating that it is an urgent necessity, especially that the country is entering a high volume of exports of V.odaa Baidhani at the conclusion of his speech to the revaluation of the Iraqi dinar and the increase its purchasing power because of its profound impact on the development of economic reality and the granting of additional currency strength enhance confidence between the currency markets in the world, especially that covered the dinar reserve cash for sizeable enough.

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