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Economic Committee Member: Current issue with dinar is not natural; Blames poor monetary policy
11:56 17/05/2013Agencies -
A member of the parliamentary economic committee continued decline in the price of the Iraqi dinar against the U.S. dollar, “the issue is not natural.”
He said committee member Amer winner today that “the low price of the Iraqi dinar against the dollar issue of abnormal and might lie behind certain purposes.”
He said the winner, “it was a meeting with the central bank on the issue of selling the currency in the market was agreed to sell the dollar for the delegates and pilgrims and those actions did not meet the purpose because the price is still volatile despite the announcement the central bank will raise the value of the dinar against the dollar, but there are mafias is Natural dealing with the dollar. “
And that “so far we do not know the dimensions of this volatility but there should be a remedy for this situation, but bear responsibility for that bank.”
And goes economists that the reasons for poor fiscal policy of the country, especially monetary and fluctuating exchange rate of the dinar against the dollar so many failed economic policy in the country its stability, and focus on the political differences that disrupted a lot of things the state and weakened, including fiscal policy or monetary, as well as the conditions of the country’s current generally do not particularly the security situation and the serious repercussions on citizens and life in the country
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11:56 17/05/2013Agencies -
A member of the parliamentary economic committee continued decline in the price of the Iraqi dinar against the U.S. dollar, “the issue is not natural.”
He said committee member Amer winner today that “the low price of the Iraqi dinar against the dollar issue of abnormal and might lie behind certain purposes.”
He said the winner, “it was a meeting with the central bank on the issue of selling the currency in the market was agreed to sell the dollar for the delegates and pilgrims and those actions did not meet the purpose because the price is still volatile despite the announcement the central bank will raise the value of the dinar against the dollar, but there are mafias is Natural dealing with the dollar. “
And that “so far we do not know the dimensions of this volatility but there should be a remedy for this situation, but bear responsibility for that bank.”
And goes economists that the reasons for poor fiscal policy of the country, especially monetary and fluctuating exchange rate of the dinar against the dollar so many failed economic policy in the country its stability, and focus on the political differences that disrupted a lot of things the state and weakened, including fiscal policy or monetary, as well as the conditions of the country’s current generally do not particularly the security situation and the serious repercussions on citizens and life in the country
[You must be registered and logged in to see this link.]
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