Iraqi Dinar – Dinar
The Slow Pace of the Iraqi Government
The present political situation in Iraq is not helping matters at all. There is still a lot of controversy surrounding the choice of a new government in Iraq. It is like the country is bent on taking a real long time in making up its mind on how to go about making the Iraqi leadership work. The present government was not democratically elected and this is having its own toll on the state of things in the country.
There was an election in Iraq but, the outcome of the election was not something that Iraqis really fancy. Part of the outcome of the election was the conclusion that Iraq as a nation lacks the number of votes that is sufficient towards the election of a prime minister. Because of this, the Iraqi nation can be said to still be in the absence of a democratically elected head.
Though the present Iraqi government is planning to revaluate the Iraqi dinar in an effort to bring back the currency from its very grave exchange rate, but with the case of who heads the government not being settled yet, this good plan may not be realized in the nearest future.
The fact above goes a long way to show the level of impact the state of the leadership in Iraq is having on the Iraqi dinar. It is the government that can begin the process of revaluation of the Iraqi dinar and with the government not being functional, the possibility of the revaluation seeing the light of day is something that can be left to conjecture.
The Iraqi government will need to realize that the more they delay in settling the rife that the Iraqi leadership election (or selection) is generating, the more destabilized the country will remain. With the destabilized state of the country, any kind of move to revaluate the dinar will not be realizable. As long as the dinar can’t be revaluated, the Iraqi dinar will remain very low. The low state of the Iraqi dinar will only lead to the further crumbling of the Iraqi economy.
A battered economy will reduce the standard of living of Iraqis and it will also lead to a high cost of living, which will not make the country interesting or attractive to any investor that would have loved to invest in Iraq. With this realization, it is hoped that the Iraqi government will be more willing to oil its wheel of progress and start to get things on the move in the country.
An adamant stance on the part of the Iraqi government will not make things workable in the country. It is hoped that the situation of this unsettled leadership of the country will not lead to some kind of mutiny in the country. If things can escalate beyond this point, there is a great chance of the breaking point in Iraqis’ patience being reached. It should be remembered that there are various factions n the country that seems to have lost some level of confidence in the Iraqi government already.
