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Financial expert: Central bank demands to reconsider its monetary policy to support the exchange rate of the dinar
03-06-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)
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the financial expert on behalf of Hadi al-Tamimi, the central bank
responsible for the low exchange rate of the dinar against the dollar
during the last period, stressing that monetary policy currently used do
not support the value of the Iraqi dinar.
Tamimi said (of the
Agency news): The volatility of winning at the exchange rate of the
Iraqi dinar against the U.S. dollar bears responsibility for the current
administration of the Central Bank, because of its policy that made the
dollar sales monopoly for certain destinations and escaped the control
of the local banks.
He added: CBI demands to reconsider its
monetary policy and develop a new policy to pursue the sale of hard
currency and the possibility of delivery to eligible traders and owners
of capital, taking into consideration the principle of balance of supply
and demand in the market.
He pointed out: that the continuing
decline in the value of the Iraqi dinar against the dollar will affect
the overall economic situation in the country, they must put the right
foundations to address them.
[You must be registered and logged in to see this link.]
03-06-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)
Download
the financial expert on behalf of Hadi al-Tamimi, the central bank
responsible for the low exchange rate of the dinar against the dollar
during the last period, stressing that monetary policy currently used do
not support the value of the Iraqi dinar.
Tamimi said (of the
Agency news): The volatility of winning at the exchange rate of the
Iraqi dinar against the U.S. dollar bears responsibility for the current
administration of the Central Bank, because of its policy that made the
dollar sales monopoly for certain destinations and escaped the control
of the local banks.
He added: CBI demands to reconsider its
monetary policy and develop a new policy to pursue the sale of hard
currency and the possibility of delivery to eligible traders and owners
of capital, taking into consideration the principle of balance of supply
and demand in the market.
He pointed out: that the continuing
decline in the value of the Iraqi dinar against the dollar will affect
the overall economic situation in the country, they must put the right
foundations to address them.
[You must be registered and logged in to see this link.]
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