15-05-2013 12:37 PM
Baghdad (news) .. He favored a financial expert Abdul Sattar al-Hashemi, the continued reduction of the Iraqi dinar exchange rate against the U.S. dollar unless there are serious by the central bank to develop a plan to save the national currency.
Hashemi said (of the Agency news): The Iraqi dinar exchange rate is moving downward against the U.S. dollar since the new administration came to the Central Bank and so far, and this is indicative of the failure of monetary policy and the weakness of the current administration of the bank.
He added: that the central bank demands to take the necessary measures to save the national currency, because the continuing decline will pull the country into a major economic problems, such as high rates of inflation and increasing prices in the market as well as its impact on the monetary reserves of the Central Bank.
This witness the exchange rate of the Iraqi dinar declined significantly against the U.S. dollar, which made some economists are expressing fears of a continued decline and its direct impact on the Iraqi economy. / End / 8.'s. M /
[You must be registered and logged in to see this link.]