October 7, 2009
Iraqi dinar instead of saving in gold
Gold is no longer (Accessories and safe): firmness in the Iraqi dinar against foreign currencies in the financial markets and stock markets encouraged Iraqi citizens to turn largely on the savings rather than savings Palmsogat and gold jewelry, reflecting the greater trust the citizen in local currency compared to gold.
Rand Qahtan employee in the Ministry of Water Resources says that the stability of the dinar against foreign currencies and the dollar, pound sterling and the Japanese yen and other major currencies during the period the past encouraged me to save some cash and deposit it in banks instead of buying gold from the market for the purpose of savings, having stabilized the local currency of the Wall Street Journal here for the acquisition of gold jewelery, which is now not as in the past, the dollar supply of gold jewelery in our markets is mostly from the importer who Aimitaz the same specifications that people used to buy from the factory in the past, locally and who Aydahia supply at the present time, which is dominated by the commercial character and appearance of bright only in While other specs such as quality and caliber is customary at the gold markets of Iraq does not exist, hence the women began using it for decorative purposes and not for savings because it is not carrying the required specifications, while negating the need for him ammunition for the future and the needy and days confined to the ornamental use only, and we resort to saving the Iraqi dinar again after its improvement in their financial dealings and stability experienced in the past years, especially in the rest of the world, unlike the situation in which it was previously before the fall of the former regime, which reflects the remarkable level it has reached the Iraqi currency in global financial markets, also did not include savings Currency Iraqi dinar, but included as well as the U.S. currency (dollar), especially after the stability of world prices in the international stock exchanges after the global financial crisis that toppled the economies of many countries in the world, encouraged the public to save the dollar, too, after the stability of exchange rates in recent weeks.
An economist at the Bank of Baghdad, Mohammed says that the flames of the improvement in the economic level of living for the Iraqi people and the large increases in the salaries of employees and retirees made them accept the acquisition of gold jewelery widely, the same reason that people are thinking in the search for other things other savings were encouraged currency stability and the Iraqi dinar in the financial markets to return again to save them to be recorded off the wishes of the health of those citizens in the search for safer means and reap the benefit of saving gold Palmsogat and savings in local currency and foreign, where Aikhvy one that has seen trade in gold sales and market recession significant because of the large supply of the importer in the domestic market without the presence of controls, which caused a lack of demand, whether for decorative purposes or for purposes of saving a very important topic to be drawn to him because he displays a lot of craftsmen, industrialists, traders and workers to unemployment and loss of financial and economic.
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