Economist urges the Government to deal in local currency instead of dollars

by lonelyintexas Sun 23 Nov 2014, 4:28 pm

lonelyintexas: Interacting Investor; Posts : 4285
Join date : 2012-12-19
Location : San Antonio

Post n°1

Economist urges the Government to deal in local currency instead of dollars

by lonelyintexas Sun 23 Nov 2014, 4:28 pm

Economist urges the Government to deal in local currency instead of dollars

23/11/2014 11:59 |

BAGHDAD / Source News / .. urged economist dominant Khayat, Sunday, the government has to deal in local currency instead of dollars, stressing that the advancement of the Iraqi economy is through this step.

He told Al-Khayat / Source News / "The local currency needed to important steps strategy for the advancement of their betterment by limiting financial transactions by government."

"The adoption of governmental institutions in financial transactions on the foreign currency, especially the dollar is not desirable and not supporting Iraq economically," calling at the same time "the government to abolish the government to deal in dollars and replaced the local currency."

He pointed out that the majority of "countries of the world are encouraged trading in the local currency but unfortunately the opposite is happening in Iraq."

The MP for the mass independent affiliated to the coalition of state law Mohammed al-Shammari, has called for some state institutions to local currency adoption of the US dollar rather than in their dealings to raise its value against the dollar to support the Iraqi economy, noting that some institutions and private Iraqi Airways does not accept cut airline tickets, but the dollar Alammeraki.anthy / 19 p

[You must be registered and logged in to see this link.]

More pressure to deal in dinars. This is getting good.
Thanks
LIT