10/3/2018 12:00 am
One of the most prominent features of globalization is its economy, which is based on the return on capital, which is more than the return of economic growth.
This is known in the G8 or G-20 economy, which generally manages the international economy in their favor first to export this type of trading in the currency.
When these processes flourish in fragile economies, the parties to the relationship become unequal and the fragility and developmental blockage is in favor of adults.
We now have a currency that is not previously known by the current monetary capital authority that has swept the development field and is keeping pace with the pattern managed and organized by the
giant economies .
What does this mean economically as results? First, the increase of non-wage earning forces is the main beneficiary and the consequences of this are very large as they help to increase the demand for hard currency is not known fate is not for import because it is open door wide, and is not to establish projects as our currency still enjoys excellent exchange rate.
The dollar is not for treatment, travel or study, and the other is the transfer of personal hooves. Which accounts for 75 percent of the cash mass to this new currency market and the shift of the hard currency hoards to raise the value of the dollar at the expense of the dinar; as well as the monetary interactions that he ordered left to the monetary authority to deal with
As we are in a fragile economy and owe more than $ 100 billion and need to rebuild more than $ 120 billion, the flow of foreign currency has a direct impact on achieving our very urgent economic goals, and the profitable forces behind this new currency market will grow to include All employees through consumer associations and even retirees and to sting their consumptive feelings in the discharge of accumulated droughts, these activities promote the stagnation of wages in general, which exacerbates poverty and decline
Therefore, immediate treatment at the court of monetary authority first and seriously think of strategic policies to preserve our monetary independence by developing skills and new products in banks within an eco-economic system that is positive to diversify our savings within our economic cycle.