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Parliamentary economy calls for the central bank to take measures to save the dinar

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wciappetta
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Parliamentary economy calls for the central bank to take measures to save the dinar

Post by wciappetta on Wed 11 Mar 2015, 6:18 am

Of course the conclusions of this MP are all wrong as to why. The  exchange rate she quotes is the market rate of the local trader in the street, the CBI rate remains as strong as ever. Locally the dollar  rate will increase until the demand for it wanes. This is a case of an orchestrated change by cbi and reaction to it.


The good part though are the continuous calls for the CBI to intercede and intercede it shall...


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03/10/2015
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BAGHDAD / JD / .. of the economic and investment commission parliamentary warned of the continuing decline in the exchange rate of the dinar against the dollar, while the central bank has demanded to take swift action to save the Iraqi dinar.

Said committee member Rep. Najiba Najib told / BD /: that the dollar exchange rate on the rise abruptly during the current period against the dinar, and this is due to the security and economic situation is settled, as well as a decline in global oil prices.

She added that the continuing decline in the dinar exchange rate means that the local currency and high inflation rates of degradation and an increase of prices in the local markets, so it has to be from the central bank to take swift action to restore the dinar exchange and save it from degradation rate.

The dinar exchange rate is witnessing a sudden drop against the dollar, so the dollar price reached in 1280 dinars. / End / 8 /

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