Zebari: the dinar exchange rate remains stable

by day dreamer Mon 08 Dec 2014, 8:32 pm

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Zebari: the dinar exchange rate remains stable

by day dreamer Mon 08 Dec 2014, 8:32 pm

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Zebari: the dinar exchange rate remains stable

9/12/2014 0:00

Discussed with the International Monetary Fund and falling oil prices
Oman morning
Mohammed Jawad Al-Abdali
Accept Finance Minister Hoshyar Zebari, political, security and economic conditions, plans and programs of the government in the coming period, especially 2015 budget submission to the House of Representatives and the fight against corruption and an administrative and financial reforms.
Zebari said, in the round of annual consultations with the International Monetary Fund (IMF), which took place in Amman, Jordan: It is "reviewed the situation in the oil sector and the impact of the deterioration of oil prices and economic non-oil activity and international needs and market exchange foreign," noting that it "views the exchange about the role of the International Monetary Fund to help Iraq through this difficult phase of the Iraqi economy. "
Finance Minister explained that "consultations with the International Monetary Fund come because Iraq is an important part and a founding member of an international organization will follow up the financial and economic global situation, so our priority at this meeting to give a comprehensive picture of the economic and financial reality of Iraq and consultation as well as the challenges we face." And Zebari that "international Organization were in agreement with us in the exposure of the Iraqi economy to Sdmtin, the first confrontation with Daash on a daily basis in some provinces and drain money on military equipment and contracts for armaments, and other trauma is the decline in global oil prices", stressing Zebari, "the presence of satisfaction by the International Monetary Fund agreement between the central government and the Kurdistan region to increase oil exports, and it's a positive development on the Iraqi economy and the reserves of the Central Bank, despite their decline, "noting that the exchange rate of the Iraqi dinar remained stable and did not affected by the consequences of the decline in oil and the level of positive inflation, and brought a different expected rate by the International Monetary Fund." .

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