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Expert: rising inflation leads to weak purchasing power of the Iraqi dinar
05-10-2013 11:29 AM
Baghdad (newsletter). The financial expert said Majid mock, that weakened the purchasing power of the Iraqi dinar means that inflation is offset by a rise in prices, which significantly affect the economic stability of the Iraqi dinar.
Mock said (News Agency): economic stability means stable exchange rate at home and abroad, adding that any weakness in the Iraqi dinar weakens the economy and affect all economic transactions and accounts.
And: the decline of purchasing power of the dinar will raise the value of the dollar as a result of increased demand and declining confidence in the Iraqi dinar, which is what he pays to economic instability.
He continued: this command will force the Central Bank to meet the demand for the dollar by showing more of the dollar in Basra, and affects the Bank's hard currency reserves. Saw the Iraqi dinar exchange rate sharply in the past months, born in local market confusion but soon settled its price to the current time./finished/5 l. Eng. -
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05-10-2013 11:29 AM
Baghdad (newsletter). The financial expert said Majid mock, that weakened the purchasing power of the Iraqi dinar means that inflation is offset by a rise in prices, which significantly affect the economic stability of the Iraqi dinar.
Mock said (News Agency): economic stability means stable exchange rate at home and abroad, adding that any weakness in the Iraqi dinar weakens the economy and affect all economic transactions and accounts.
And: the decline of purchasing power of the dinar will raise the value of the dollar as a result of increased demand and declining confidence in the Iraqi dinar, which is what he pays to economic instability.
He continued: this command will force the Central Bank to meet the demand for the dollar by showing more of the dollar in Basra, and affects the Bank's hard currency reserves. Saw the Iraqi dinar exchange rate sharply in the past months, born in local market confusion but soon settled its price to the current time./finished/5 l. Eng. -
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