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Criticized the policy of the Central Bank in maintaining the value of the Iraqi dinar, Member of Barzani's Party
August 24, 2013
A member of Parliament said the KDP mahma Khalil that the Central Bank is required to maintain the exchange rate of the Iraqi dinar, and specify a fixed price for foreign currency, or it may be there is a sovereign Iraqi asset exceeds 70 billion dollars, and the Iraqi dinar price over [1200] dinars to the dollar, and sometimes brings about that price on the black market.
The policy of the Central Bank failed to maintain the exchange rate of the Iraqi dinar to a basket of foreign currencies.
Khalil said that the exchange rate of the dollar to dinar depends on several things, including the Iraqi sovereign dollar balance, and there are reasons not directly affected by the value of the dinar up & down on the Iraqi political climate which repel foreign currency rather attractive.
"The Government interventions in the political Bank, adding that willingness and seriousness to transform remittances and financial deposits to the hard currency and not deposited in Iraqi banks are part of the reasons leading to the fluctuating dinar against the dollar, and there is indirect secondary causes, including international sanctions on Syria and Iran, and the Iraqi Central trader trader trying to deal with all countries of the world.
And the decision of the Commission to "dismiss today's dollar deposits is not the actual size needed for the Iraqi market.
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August 24, 2013
A member of Parliament said the KDP mahma Khalil that the Central Bank is required to maintain the exchange rate of the Iraqi dinar, and specify a fixed price for foreign currency, or it may be there is a sovereign Iraqi asset exceeds 70 billion dollars, and the Iraqi dinar price over [1200] dinars to the dollar, and sometimes brings about that price on the black market.
The policy of the Central Bank failed to maintain the exchange rate of the Iraqi dinar to a basket of foreign currencies.
Khalil said that the exchange rate of the dollar to dinar depends on several things, including the Iraqi sovereign dollar balance, and there are reasons not directly affected by the value of the dinar up & down on the Iraqi political climate which repel foreign currency rather attractive.
"The Government interventions in the political Bank, adding that willingness and seriousness to transform remittances and financial deposits to the hard currency and not deposited in Iraqi banks are part of the reasons leading to the fluctuating dinar against the dollar, and there is indirect secondary causes, including international sanctions on Syria and Iran, and the Iraqi Central trader trader trying to deal with all countries of the world.
And the decision of the Commission to "dismiss today's dollar deposits is not the actual size needed for the Iraqi market.
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