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*****(90) billion in cash reserves at the Central Bank*****
On: Saturday 03/09/2011 20:46
Expert for the citizen:
*****the dinar will recover after the lifting of the zeroes *****and reduce the price of the dollar *****Baghdad - Mustafa al-Hashemi said an economic expert Dr. Peace Sumaisem *****that there is an intention to change the exchange rate***** for the Iraqi dinar against the dollar***** through the adoption of central bank policy***** of reducing the dollar value of cash against the dinar ******to the extent that it is now (1200 dinars per $ 1).***** As the committee said the parliamentary Iraq Ghaderaly improve the status of the dinar and adopt it as part of international reserves, as Iraq has more than (80 to 90) billion reserve at the central bank and this is positive for the benefit of the Iraqi dinar. She Sumaisem's (citizen) that he supposed the dollar to fall more to equal the Iraqi dinar after deleting three zeros from the currency and thereby be achieved two goals of this first procedure raise the value of the dinar against the dollar and the second is the restructuring of the Iraqi currency. Asserting that the current exchange rate has to do with flexible market and the volume of loans and size of foreign remittances and a discount rate of exchange in addition to the political orientation of the state. and the effect on inflation, this measure showed Sumaisem that this measure has to do with the reduction of inflation in Iraq because if you improve the rate of the dinar and raised the zeros currency will be easy to absorb part of the inflation by restructuring the economy as a whole in addition to the re-evaluation of the Iraqi dinar. A member of the Committee of Economy and Investment parliamentary Hussain Abtan "Certainly, Iraq is able to adopt the dinar as part of the reserves of international and especially that he has a big supplier in the field of oil and more from (80 to $ 90 billion) Central Bank reserves and this affects positively on the Iraqi currency against the dollar and make the dinar as its currency position as was previously the global currency. " He called Alabtan the Central Bank of improving the status of the dinar against the dollar, and the (1200) dinars to the dollar one is not the right thing. " Al-six Details [You must be registered and logged in to see this link.]
